Form 8-K/A · Current Report · Filed 2025-10-14
Verizon Appoints New CEO with Detailed Compensation Package
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.
- Filer
- Verizon Communications Inc. VZ · NYSE
- Filed
- Accession
- 0001193125-25-237997
- CIK
- 0000732712
- Signal
- High impactCommunication Services
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Financial Statements and Exhibits
Market reaction
Close before filing
$39.75
Next session
+1.6%
Since filing
+17.8%
Latest close
$46.81
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from VZ reporting the same item, with the next session's move:
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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