Verizon Communications Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: VZ · Form: DEF 14A · Filed: 2024-03-25T00:00:00.000Z

Sentiment: neutral

Topics: Verizon, DEF 14A, Proxy Statement, Executive Compensation, Shareholder Meeting

TL;DR

<b>Verizon Communications Inc. has filed its Definitive Proxy Statement (DEF 14A) for the period ending May 9, 2024.</b>

AI Summary

VERIZON COMMUNICATIONS INC (VZ) filed a Proxy Statement (DEF 14A) with the SEC on March 25, 2024. Filing is a Definitive Proxy Statement (DEF 14A) for Verizon Communications Inc. The filing covers the period ending May 9, 2024, with a report date of March 25, 2024. Verizon Communications Inc. is listed with Central Index Key 0000732712. The company's Standard Industrial Classification is 'TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE)' [4813]. The filing includes data related to executive compensation, specifically equity awards and pension benefits for the fiscal years 2020-2023.

Why It Matters

For investors and stakeholders tracking VERIZON COMMUNICATIONS INC, this filing contains several important signals. This filing provides shareholders with information regarding the company's governance, executive compensation, and matters to be voted on at the upcoming shareholder meeting. Shareholders can review details on executive pay, equity awards, and pension benefits, which are crucial for understanding management's alignment with shareholder interests.

Risk Assessment

Risk Level: low — VERIZON COMMUNICATIONS INC shows low risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or significant operational updates that would inherently increase risk.

Analyst Insight

Review the executive compensation details and any proposed shareholder resolutions to understand management's incentives and potential governance changes.

Key Numbers

2023-12-31 — Fiscal Year End (Fiscal Year End)
2023-01-01 — Reporting Period Start (Executive Compensation Data)
2023-12-31 — Reporting Period End (Executive Compensation Data)
2022-01-01 — Reporting Period Start (Executive Compensation Data)
2022-12-31 — Reporting Period End (Executive Compensation Data)
2021-01-01 — Reporting Period Start (Executive Compensation Data)
2021-12-31 — Reporting Period End (Executive Compensation Data)
2020-01-01 — Reporting Period Start (Executive Compensation Data)

Key Players & Entities

VERIZON COMMUNICATIONS INC (company) — Filer
0000732712 (company) — Central Index Key
2024-05-09 (date) — Conformed Period of Report
2024-03-25 (date) — Filed as of date
BELL ATLANTIC CORP (company) — Former Company Name

FAQ

When did VERIZON COMMUNICATIONS INC file this DEF 14A?

VERIZON COMMUNICATIONS INC filed this Proxy Statement (DEF 14A) with the SEC on March 25, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by VERIZON COMMUNICATIONS INC (VZ).

Where can I read the original DEF 14A filing from VERIZON COMMUNICATIONS INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by VERIZON COMMUNICATIONS INC.

What are the key takeaways from VERIZON COMMUNICATIONS INC's DEF 14A?

VERIZON COMMUNICATIONS INC filed this DEF 14A on March 25, 2024. Key takeaways: Filing is a Definitive Proxy Statement (DEF 14A) for Verizon Communications Inc.. The filing covers the period ending May 9, 2024, with a report date of March 25, 2024.. Verizon Communications Inc. is listed with Central Index Key 0000732712..

Is VERIZON COMMUNICATIONS INC a risky investment based on this filing?

Based on this DEF 14A, VERIZON COMMUNICATIONS INC presents a relatively low-risk profile. The filing is a routine proxy statement and does not contain new financial performance data or significant operational updates that would inherently increase risk.

What should investors do after reading VERIZON COMMUNICATIONS INC's DEF 14A?

Review the executive compensation details and any proposed shareholder resolutions to understand management's incentives and potential governance changes. The overall sentiment from this filing is neutral.

How does VERIZON COMMUNICATIONS INC compare to its industry peers?

Verizon operates in the telecommunications industry, providing a wide range of communication services.

Are there regulatory concerns for VERIZON COMMUNICATIONS INC?

As a publicly traded company, Verizon is subject to SEC regulations governing proxy statements and corporate disclosures.

Industry Context

Verizon operates in the telecommunications industry, providing a wide range of communication services.

Regulatory Implications

As a publicly traded company, Verizon is subject to SEC regulations governing proxy statements and corporate disclosures.

What Investors Should Do

Analyze the executive compensation tables for named executive officers.
Review any proposals or resolutions to be voted on by shareholders.
Examine the company's corporate governance practices outlined in the filing.

Key Dates

2024-05-09: Conformed Period of Report — Indicates the period the proxy statement information pertains to.
2024-03-25: Filed as of Date — The date the filing was submitted to the SEC.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a proxy statement. It does not directly compare financial performance to a previous filing but provides information relevant to shareholder voting and corporate governance.

From the Filing

0001308179-24-000279.txt : 20240325 0001308179-24-000279.hdr.sgml : 20240325 20240325160535 ACCESSION NUMBER: 0001308179-24-000279 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 100 CONFORMED PERIOD OF REPORT: 20240509 FILED AS OF DATE: 20240325 DATE AS OF CHANGE: 20240325 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VERIZON COMMUNICATIONS INC CENTRAL INDEX KEY: 0000732712 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] ORGANIZATION NAME: 06 Technology IRS NUMBER: 232259884 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-08606 FILM NUMBER: 24779212 BUSINESS ADDRESS: STREET 1: 1095 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-395-1000 MAIL ADDRESS: STREET 1: 1095 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: BELL ATLANTIC CORP DATE OF NAME CHANGE: 19920703 DEF 14A 1 lvz2024_def14a.htm VERIZON COMMUNICATIONS INC - DEF 14A false 0000732712 DEF 14A 0000732712 2023-01-01 2023-12-31 0000732712 2022-01-01 2022-12-31 0000732712 2021-01-01 2021-12-31 0000732712 2020-01-01 2020-12-31 0000732712 ecd:PeoMember vz:ReportedValueOfEquityAwardsMember 2023-01-01 2023-12-31 0000732712 ecd:PeoMember vz:EquityAwardAdjustmentsMember 2023-01-01 2023-12-31 0000732712 ecd:PeoMember vz:ReportedChangeInTheActuarialPresentValueOfPensionBenefitsMember 2023-01-01 2023-12-31 0000732712 ecd:PeoMember vz:PensionBenefitAdjustmentsMember 2023-01-01 2023-12-31 0000732712 ecd:PeoMember vz:ReportedValueOfEquityAwardsMember 2022-01-01 2022-12-31 0000732712 ecd:PeoMember vz:EquityAwardAdjustmentsMember 2022-01-01 2022-12-31 0000732712 ecd:PeoMember vz:ReportedChangeInTheActuarialPresentValueOfPensionBenefitsMember 2022-01-01 2022-12-31 0000732712 ecd:PeoMember vz:PensionBenefitAdjustmentsMember 2022-01-01 2022-12-31 0000732712 ecd:PeoMember vz:ReportedValueOfEquityAwardsMember 2021-01-01 2021-12-31 0000732712 ecd:PeoMember vz:EquityAwardAdjustmentsMember 2021-01-01 2021-12-31 0000732712 ecd:PeoMember vz:ReportedChangeInTheActuarialPresentValueOfPensionBenefitsMember 2021-01-01 2021-12-31 0000732712 ecd:PeoMember vz:PensionBenefitAdjustmentsMember 2021-01-01 2021-12-31 0000732712 ecd:PeoMember vz:ReportedValueOfEquityAwardsMember 2020-01-01 2020-12-31 0000732712 ecd:PeoMember vz:EquityAwardAdjustmentsMember 2020-01-01 2020-12-31 0000732712 ecd:PeoMember vz:ReportedChangeInTheActuarialPresentValueOfPensionBenefitsMember 2020-01-01 2020-12-31 0000732712 ecd:PeoMember vz:PensionBenefitAdjustmentsMember 2020-01-01 2020-12-31 0000732712 ecd:PeoMember vz:YearEndFairValueOfEquityAwardsGrantedInTheYearAndOutstandingAndUnvestedAsOfTheEndOfTheYearMember 2023-01-01 2023-12-31 0000732712 ecd:PeoMember vz:ChangeInFairValueOfEquityAwardsGrantedInPriorYearsAndOutstandingAndUnvestedAsOfTheEndOfTheYearMember 2023-01-01 2023-12-31 0000732712 ecd:PeoMember vz:FairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInTheYearMember 2023-01-01 2023-12-31 0000732712 ecd:PeoMember vz:ChangeInFairValueOfEquityAwardsGrantedInPriorYearsThatVestedInTheYearMember 2023-01-01 2023-12-31 0000732712 ecd:PeoMember vz:FairValueAtTheEndOfThePriorYearOfEquityAwardsThatFailedToMeetVestingConditionsInTheYearMember 2023-01-01 2023-12-31 0000732712 ecd:PeoMember vz:ValueOfDividendsOrOtherEarningsPaidOnStockOrOptionAwardsNotOtherwiseReflectedInFairValueOrTotalCompensationMember 2023-01-01 2023-12-31 0000732712 ecd:PeoMember vz:YearEndFairValueOfEquityAwardsGrantedInTheYearAndOutstandingAndUnvestedAsOfTheEndOfTheYearMember 2022-01-01 2022-12-31 0000732712 ecd:PeoMember vz:ChangeInFairValueOfEquityAwardsGrantedInPriorYearsAndOutstandingAndUnvestedAsOfTheEndOfTheYearMember 2022-01-01 2022-12-31 0000732712 ecd:PeoMember vz:FairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInTheYearMember 2022-01-01 2022-12-31 0000732712 ecd:PeoMember vz:ChangeInFairValueOfEquityAwardsGrantedInPriorYearsThatVestedInThe