Verizon Communications Notice of PDMR Transaction (1585B)
28 Februar 2014 - 8:01AM
UK Regulatory
TIDMVZC
RNS Number : 1585B
Verizon Communications
27 February 2014
Verizon Communications Inc.
February 27, 2014
Notification of Transactions of Directors, Persons
Discharging
Managerial Responsibility or Connected Persons
The notification listed below was received under paragraph 3.1.2
of the UK's Disclosure and Transparency Rules.
Verizon Communications Inc. (the "Company") makes the following
announcement:
On February 14, 2014 the restricted stock units for the
2011-2013 award cycle ("RSUs") held by each of the persons
discharging managerial responsibility (each a "PDMR") listed below
were converted into shares of common stock of the Company (the
"Shares"), unless previously deferred by the PDMR. Each RSU
represents the right to receive one Share on the payment date,
unless deferred by the holder. To the extent deferred, each RSU
represents the right to have an amount equal to the value of one
Share on the payment date credited to the reporting person's
deferred compensation plan account and deemed invested in a
hypothetical cash-based investment option. Set forth below is the
number of RSUs deferred, if any, the number of Shares received by
each PDMR upon conversion and the number of Shares received by the
PDMR after the deduction of Shares for tax withholding purposes).
Shares were deferred and/or deducted for tax withholding purposes
at a price of USD 46.51 per Share.
Shares Net Shares
RSUs Upon (After Tax
Deferred Conversion Withholding)
PDMR # # #
Roy H. Chestnutt, Executive
Vice
President -Strategy,
Development
and Planning 0 9,084 5,415
---------------------- ------------------------ -------------------------
Roger Gurnani, Executive Vice
President and Chief
Information
Officer 0 29,374 14,143
---------------------- ------------------------ -------------------------
Lowell C. McAdam, Chairman
and
Chief Executive Officer 0 110,782 53,388
---------------------- ------------------------ -------------------------
Daniel S. Mead, Executive
Vice
President and President and
Chief
Executive Officer-- 24,095 24,095 12,895
---------------------- ------------------------ -------------------------
Anthony J. Melone, Executive
Vice President and Chief
Technology
Officer 26,905 0 0
---------------------- ------------------------ -------------------------
Randal S. Milch, Executive
Vice
President - Public Policy
and
General Counsel 0 39,565 17,444
---------------------- ------------------------ -------------------------
Robert W. Mudge, President -
Consumer and Mass Business
Markets 0 30,387 14,631
---------------------- ------------------------ -------------------------
Marc C. Reed, Executive Vice
Presidents and Chief
Administrative
Officer 0 33,236 16,012
---------------------- ------------------------ -------------------------
Francis J.Shammo, Executive
Vice
President and Chief
Financial
Officer 0 44,867 21,616
---------------------- ------------------------ -------------------------
Anthony T. Skiadas, Senior
Vice
President and Controller 0 8,510 5,267
---------------------- ------------------------ -------------------------
John G. Stratton, Executive
Vice
President and President,
Verizon
Enterprise Solutions 3798 34,185 16,460
---------------------- ------------------------ -------------------------
William L. Horton, Jr.
Corporate Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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