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VERIZON COMMUNICATIONS INC 8-K Report, Executive Changes (Jan 12, 2026)

Reports
Leadership Changes
Filing Date
Filed January 12, 2026
Period End
January 8, 2026
Security
VZ
In the record · 2016–202610-K1110-Q328-K201

VZ filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 201 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Feb ’21Feb ’21
  2. Leadership change8-K · Mar ’23Mar ’23
  3. Leadership change8-K · Mar ’25Mar ’25

01—Abstract

Summary

Summary of the 8-K filed January 12, 2026. Cited figures are marked; the original filing is the authoritative source.

Verizon Communications Inc. (VZ) has filed an 8-K detailing an amendment to the performance stock unit (PSU) award for Daniel H.

Schulman. The amendment refines the terms of a $30 milliona target value PSU award originally slated for 2026. This award is now scheduled to be granted in the first quarter of 2026, aligning with the company's annual long-term incentive equity grants for executive officers.

The modified award features a vesting date of December 31, 2027, contingent on Mr. Schulman's continued employment. The performance metrics for vesting are split, with 50%b tied to Verizon's adjusted earnings per share (EPS) targets for a period ending December 31, 2027, and the remaining 50% linked to Verizon's total shareholder return (TSR) relative to a peer group. The TSR portion is further divided into two tranches with distinct performance periods, offering a potential payout range of 0-200% of the target PSUs.

02—Key points

Key Highlights

  1. Amendment to Daniel H. Schulman's $30 million target value Performance Stock Unit (PSU) award.
  2. PSU award grant date shifted to Q1 2026, coinciding with annual executive equity grants.
  3. Vesting date set for December 31, 2027, subject to continued employment.
  4. 50% of the award is performance-based on adjusted Earnings Per Share (EPS) targets through December 31, 2027.
  5. The other 50% of the award is based on Total Shareholder Return (TSR) relative to a comparator group.
  6. TSR portion has two tranches with specific performance periods (ending Dec 31, 2026 and Dec 31, 2027 respectively).
  7. Payout for the TSR component can range from 0% to 200% of the target PSU value.

03—Questions

Frequently Asked Questions

  1. What is the primary purpose of this 8-K filing?

    The primary purpose of this 8-K filing is to report an amendment to the terms of a significant performance stock unit (PSU) award granted to Daniel H. Schulman, an executive officer at Verizon.

  2. What are the key performance metrics for Mr. Schulman's PSU award?

    The award is split into two equal components. One 50% is tied to Verizon achieving specific adjusted earnings per share (EPS) targets, and the other 50% is based on Verizon's total shareholder return (TSR) performance relative to a peer group.

  3. When is Mr. Schulman's PSU award expected to vest and what are the potential payouts?

    The award is expected to vest on December 31, 2027, provided Mr. Schulman remains employed by Verizon. The payout for the TSR portion of the award can range from 0% to 200% of the target value, indicating significant upside potential linked to market performance.

  4. Are there any changes to Mr. Schulman's existing employment agreement?

    No, all other terms of Verizon's letter agreement with Mr. Schulman remain unchanged and in full force and effect. Only the specific terms of the PSU award have been amended.

04—Continue

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