28th Feb 2014 07:00
Verizon Communications Inc.February 27, 2014
Notification of Transactions of Directors, Persons DischargingManagerial 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.
PDMR |
RSUs Deferred # |
Shares Upon Conversion # | Net Shares (After Tax Withholding) # |
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
Related Shares:
VZC.L