X0206 3 2023-03-02 0 0000732712 VERIZON COMMUNICATIONS INC VZ 0001968243 Russo Joseph J. VERIZON COMMUNICATIONS INC. 1095 AVENUE OF THE AMERICAS NEW YORK NY 10036 0 1 0 0 EVP&Pres-Global Networks&Tech Common Stock 15896 D Common Stock 4864 I By 401(k) Phantom Stock (unitized) Common Stock 9460 I By Deferred Compensation Plan Special Restricted Stock Units - 2020 Award Common Stock 5625 D Performance Stock Units - 2021 Award Common Stock 4325 D Restricted Stock Units - 2021 Award Common Stock 1923 D Special Restricted Stock Units - 2021 Award Common Stock 14556 D Performance Stock Units - 2022 Award Common Stock 7430 D Restricted Stock Units - 2022 Award Common Stock 6605 D Restricted Stock Units - 2023 Award Common Stock 46671 D Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan. The number of shares is based upon 33,149.165 units held as of March 2, 2023. Each Special Restricted Stock Unit (RSU) represents the right to receive one share of common stock, plus accrued dividends, on the payment date with respect to the date that the RSU vests. Subject to the terms of the RSU Agreement, the RSUs will vest on December 1, 2023. Each Performance Stock Unit (PSU) represents the right to receive one share of common stock, plus accrued dividends, on the payment date with respect to the date that the PSU vests. The PSUs will vest on December 31, 2023, subject to the terms of the PSU Agreement, which also provides for an additional number of units to vest if certain performance conditions unrelated to the price of the issuer's stock are achieved. Each RSU represents the right to receive one share of common stock, plus accrued dividends, on the payment date with respect to the date that the RSU vests. Subject to the terms of the RSU Agreement, the RSUs will vest on March 1, 2024. Each Special RSU represents the right to receive an amount payable in cash equal to the economic equivalent of one share of common stock, plus accrued dividends, on the applicable vesting date. Subject to the terms of the RSU Agreement, the RSUs will vest on October 29, 2023. Each PSU represents the right to receive one share of common stock, plus accrued dividends, on the payment date with respect to the date that the PSU vests. The PSUs will vest on December 31, 2024, subject to the terms of the PSU Agreement, which also provides for an additional number of units to vest if certain performance conditions unrelated to the price of the issuer's stock are achieved. Each RSU represents the right to receive one share of common stock, plus accrued dividends, on the payment date with respect to the date that the RSU vests. Subject to the terms of the RSU Agreement, the RSUs will vest in two equal installments on March 1, 2024 and March 1, 2025, respectively. Each RSU represents the right to receive one share of common stock, plus accrued dividends, on the payment date with respect to the date that the RSU vests. Subject to the terms of the RSU Agreement, the RSUs will vest in three equal annual installments beginning on March 1, 2024. Brandon N. Egren, Attorney-in-fact for Joseph J. Russo 2023-03-10