Verizon Communications Inc.
Verizon Appoints New CEO with Detailed Compensation Package
Summary
Verizon Communications Inc. announced the appointment of Daniel H. Schulman as its new Chief Executive Officer, effective October 4, 2025. The company disclosed Schulman's compensation arrangements, which include an annualized base salary of $1.5 million, participation in the Verizon Short Term Incentive Plan, and several equity grants totaling up to $59.5 million. Additionally, two other executives, Sowmyanarayan Sampath and Anthony Skiadas, received one-time retention RSU awards of $4 million each. The amendments to the initial Current Report were made to provide more details about Schulman's compensation.
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About Verizon Communications Inc.
Verizon Communications Inc. is a leading telecommunications company that provides a wide array of communication services and products in the United States and globally. As a major player in the telecommunication industry, Verizon's primary function is to deliver wireless communications, broadband, and fiber optic services, aiming to keep people connected across various platforms. The company’s notable features include its extensive 5G and fiber optic network infrastructure, which significantly impacts sectors like technology, media, and consumer communications. It offers services to individual consumers, businesses, and government entities through various channels, including its retail stores and online platforms. Headquartered in New York City, Verizon is crucial in driving innovation in communication technologies and maintaining robust network solutions to meet growing data demands. Its influence extends beyond traditional telecommunication, also impacting emerging fields such as Internet of Things (IoT) and smart cities, helping to shape the future of connectivity.
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