TIDMVZC

RNS Number : 3782P

Verizon Communications

17 February 2016

Verizon Communications Inc.

February 17, 2016

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 12, 2016 the restricted stock units for the 2013-2015 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 PDMR. 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 PDMR'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 50.11 per Share.

 
                                                                Net Shares 
                                                   Shares          (After 
                                      RSUs           Upon           Tax 
                                     Deferred     Conversion    Withholding) 
              PDMR                      #             #              # 
--------------------------------  -----------  -------------  -------------- 
 Roger Gurnani, Executive 
  Vice President and Chief 
  Information Officer                       0         24,023          11,567 
--------------------------------  -----------  -------------  -------------- 
 Lowell C. McAdam, Chairman 
  and Chief Executive Officer               0         89,191          42,945 
--------------------------------  -----------  -------------  -------------- 
 Marc C. Reed, Executive 
  Vice President and Chief 
  Administrative Officer                    0         29,492          14,200 
--------------------------------  -----------  -------------  -------------- 
 Francis J. Shammo, Executive 
  Vice President and Chief 
  Financial Officer                         0         38,709          18,638 
--------------------------------  -----------  -------------  -------------- 
 Craig L. Silliman, Executive 
  Vice President - Public 
  Policy and General Counsel                0         10,703           6,716 
--------------------------------  -----------  -------------  -------------- 
 Anthony T. Skiadas, Senior 
  Vice President and Controller             0         10,703           6,716 
--------------------------------  -----------  -------------  -------------- 
 John G. Stratton, Executive 
  Vice President and President 
  - Global Enterprise and 
  Consumer Wireline                         0         36,212          17,436 
--------------------------------  -----------  -------------  -------------- 
 Marni M. Walden, Executive 
  Vice President and President 
  - Product and New Business 
  Innovation                                0         24,498          11,795 
--------------------------------  -----------  -------------  --------------

William L. Horton, Jr.

Corporate Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSBUGDDDUBBGLR

(END) Dow Jones Newswires

February 17, 2016 10:59 ET (15:59 GMT)

Verizon Comms (LSE:VZC)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more Verizon Comms Charts.
Verizon Comms (LSE:VZC)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more Verizon Comms Charts.