Verizon Shareholders Approve 2026 Long-Term Incentive Plan and Elect New Board Members

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shareholders approved the 2026 Long-Term Incentive Plan, which became effective immediately upon approval. The meeting also saw the election of nine new Board members, with all nominees receiving significant support. Additionally, shareholders approved the advisory vote on executive compensation and the appointment of Ernst & Young LLP as the independent registered public accounting firm for 2026. However, proposals regarding Board oversight of climate change and an independent Board chair were both defeated.

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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.