---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-315236"
form_type: "8-K"
ticker: "VZ"
cik: "0000732712"
company_name: "VERIZON COMMUNICATIONS INC"
filed_at: "2026-07-24T13:07:03+00:00"
generated_at: "2026-07-24T13:07:50.982591+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Verizon extends CEO Daniel Schulman's term to Dec 2028; guarantees $25M LTI award for 2028

## Summary
- Initial employment term extended from Dec 31, 2027 to Dec 31, 2028; thereafter subject to annual one-year extensions.
- For 2028, base salary and target annual incentive no less than during initial term; LTI award of at least $25M granted in Q1 2027.
- LTI award time-based vesting deemed satisfied upon termination due to a succession event after grant date.
- Compensation for years after 2028 to be determined by Board at time of band 1 executive decisions.

## SEC filing metadata
- accession: 0001193125-26-315236
- form_type: 8-K
- ticker: VZ
- cik: 0000732712
- company_name: VERIZON COMMUNICATIONS INC
- filed_at: 2026-07-24T13:07:03+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/732712/000119312526315236/0001193125-26-315236-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/732712/000119312526315236/d174102d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-315236
- JSON: https://secwatch.observer/filing/0001193125-26-315236.json
- Plain text: https://secwatch.observer/filing/0001193125-26-315236.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.