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Form 8-K

sec.gov

8-K — VERIZON COMMUNICATIONS INC

Accession: 0001193125-26-315236

Filed: 2026-07-24

Period: 2026-07-23

CIK: 0000732712

SIC: 4813 (TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE))

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Documents

8-K — d174102d8k.htm (Primary)

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8-K

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report: July 23, 2026

(Date of earliest event reported)

VERIZON COMMUNICATIONS INC.

(Exact name of registrant as specified in its charter)

Delaware

1-8606

23-2259884

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

1095 Avenue of the Americas

New York, New York

10036

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (212) 395-1000

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of Each Exchange

on Which Registered

Common Stock, par value $0.10

VZ

New York Stock Exchange

Common Stock, par value $0.10

VZ

The Nasdaq Global Select Market

1.375% Notes due 2026

VZ 26B

New York Stock Exchange

0.875% Notes due 2027

VZ 27E

New York Stock Exchange

1.375% Notes due 2028

VZ 28

New York Stock Exchange

1.125% Notes due 2028

VZ 28A

New York Stock Exchange

2.350% Fixed Rate Notes due 2028

VZ 28C

New York Stock Exchange

1.875% Notes due 2029

VZ 29B

New York Stock Exchange

0.375% Notes due 2029

VZ 29D

New York Stock Exchange

1.250% Notes due 2030

VZ 30

New York Stock Exchange

1.875% Notes due 2030

VZ 30A

New York Stock Exchange

4.250% Notes due 2030

VZ 30D

New York Stock Exchange

2.625% Notes due 2031

VZ 31

New York Stock Exchange

2.500% Notes due 2031

VZ 31A

New York Stock Exchange

3.000% Fixed Rate Notes due 2031

VZ 31D

New York Stock Exchange

0.875% Notes due 2032

VZ 32

New York Stock Exchange

0.750% Notes due 2032

VZ 32A

New York Stock Exchange

3.500% Notes due 2032

VZ 32B

New York Stock Exchange

3.250% Notes due 2032

VZ 32C

New York Stock Exchange

1.300% Notes due 2033

VZ 33B

New York Stock Exchange

4.75% Notes due 2034

VZ 34

New York Stock Exchange

4.750% Notes due 2034

VZ 34C

New York Stock Exchange

3.125% Notes due 2035

VZ 35

New York Stock Exchange

1.125% Notes due 2035

VZ 35A

New York Stock Exchange

3.375% Notes due 2036

VZ 36A

New York Stock Exchange

3.750% Notes due 2036

VZ 36B

New York Stock Exchange

3.750% Notes due 2037

VZ 37B

New York Stock Exchange

2.875% Notes due 2038

VZ 38B

New York Stock Exchange

1.875% Notes due 2038

VZ 38C

New York Stock Exchange

1.500% Notes due 2039

VZ 39C

New York Stock Exchange

3.50% Fixed Rate Notes due 2039

VZ 39D

New York Stock Exchange

1.850% Notes due 2040

VZ 40

New York Stock Exchange

3.850% Fixed Rate Notes due 2041

VZ 41C

New York Stock Exchange

3.9962% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056

VZ 56

New York Stock Exchange

5.7420% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056

VZ 56A

New York Stock Exchange

4.2462% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056

VZ 56B

New York Stock Exchange

5.7427% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056

VZ 56C

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 23, 2026, Verizon Communications Inc. (“Verizon”) and Mr. Daniel H. Schulman, Verizon’s Chief Executive Officer, entered into an amendment to Mr. Schulman’s employment letter agreement, dated as of October 13, 2025 and previously amended as of January 9, 2026 (the “Employment Agreement”), pursuant to which:

The last date of the initial term of Mr. Schulman’s employment was extended from December 31, 2027 to December 31, 2028;

Following the initial term, the term of the Employment Agreement was made subject to annual one-year extensions unless either party gives the other at least 90 days’ notice of non-extension;

With respect to calendar year 2028, Mr. Schulman will receive an annual base salary and a target annual incentive opportunity no less than that provided during the portion of the initial term ending on December 31, 2027;

Also with respect to calendar year 2028, Mr. Schulman will receive a long-term incentive award with a target value of at least $25 million, which will be granted during the first three months of 2027 at the same time, and subject to the same terms and conditions, as the 2027 annual long-term incentive awards that are granted to Verizon’s band 1 executives, provided that the time-based vesting conditions for Mr. Schulman’s long-term incentive award will also be deemed satisfied in full upon his termination of employment due to a succession event (as defined in the Employment Agreement) on or after the date on which the award is granted. This long-term incentive award will be Mr. Schulman’s sole long-term incentive opportunity for his service in calendar year 2028; and

Compensation for Mr. Schulman with respect to any year following 2028 will be determined by the Board at the time that annual compensation decisions are made with respect to compensation of Verizon’s band 1 executives for such year.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

VERIZON COMMUNICATIONS INC.

Date: July 24, 2026

By

/s/ William L. Horton, Jr.

William L. Horton, Jr.

Senior Vice President, Deputy General Counsel and Corporate Secretary

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1.875% Notes due 2030 [Member]

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1.875% Notes due 2030

Trading Symbol

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Security Exchange Name

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Notes Due 2030, 4.250% [Member]

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2.500% Notes due 2031

Trading Symbol

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Security Exchange Name

NYSE

3.000% Fixed Rate Notes Due 2031 [Member]

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Security 12b Title

3.000% Fixed Rate Notes due 2031

Trading Symbol

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Security Exchange Name

NYSE

0.875% Notes due 2032 [Member]

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NYSE

3.125% Notes due 2035 [Member]

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3.125% Notes due 2035

Trading Symbol

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Security Exchange Name

NYSE

1.125% Notes Due 2035 [Member]

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1.125% Notes due 2035

Trading Symbol

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Security Exchange Name

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3.375% Notes due 2036 [Member]

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5.7427% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056 [Member]

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