AI English summary of an SEC filing — figures as filed
Verizon VZOn January 8, 2026, Verizon said the Human Resources Committee approved an amendment to the letter agreement entered into with Daniel H. Schulman on October 13, 2025. The amendment sets forth updated terms for the $30 million target value performance stock unit (PSU) award originally scheduled to be granted to Mr. Schulman in 2026.
Key points
AI summaryOn January 8, 2026, Verizon said the Human Resources Committee approved an amendment to the letter agreement entered into with Daniel H. Schulman on October 13, 2025. The amendment sets forth updated terms for the $30 million target value performance stock unit (PSU) award originally scheduled to be granted to Mr. Schulman in 2026.
Verizon said it will grant the PSU award on Q1 2026, the grant date on which the Committee makes its annual long-term incentive equity grants to executive officers. The company added that the award will vest on December 31, 2027, generally subject to Mr. Schulman's continued employment through such date.
Verizon said 50% of the PSU award will vest based on the Committee's achievement of adjusted earnings per share targets over a performance period ending on December 31, 2027.
The company said 50% of the PSU award will vest based on total shareholder return relative to a comparator group to be determined by the Committee at the time of grant. It added that this portion is divided into two equal tranches, which may be earned at a range of 0-200% of the target number of PSUs granted. The performance period for both tranches begins on October 17, 2025 and ends on December 31, 2026 for the first tranche and December 31, 2027 for the second tranche.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Amendment to PSU Grant Terms for Daniel H. Schulman
On January 8, 2026, Verizon said the Human Resources Committee approved an amendment to the letter agreement entered into with Daniel H. Schulman on October 13, 2025. The amendment sets forth updated terms for the $30 million target value performance stock unit (PSU) award originally scheduled to be granted to Mr. Schulman in 2026.
Source · Based on the filing body and exhibits
PSU Grant Date and Vesting Date
Verizon said it will grant the PSU award on Q1 2026, the grant date on which the Committee makes its annual long-term incentive equity grants to executive officers. The company added that the award will vest on December 31, 2027, generally subject to Mr. Schulman's continued employment through such date.
Source · Based on the filing body and exhibits
50% of PSU Award Based on Adjusted Earnings Per Share Targets
Verizon said 50% of the PSU award will vest based on the Committee's achievement of adjusted earnings per share targets over a performance period ending on December 31, 2027.
Source · Based on the filing body and exhibits
50% of PSU Award Based on Relative Total Shareholder Return
The company said 50% of the PSU award will vest based on total shareholder return relative to a comparator group to be determined by the Committee at the time of grant. It added that this portion is divided into two equal tranches, which may be earned at a range of 0-200% of the target number of PSUs granted. The performance period for both tranches begins on October 17, 2025 and ends on December 31, 2026 for the first tranche and December 31, 2027 for the second tranche.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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