Form 8-K · Current report
Verizon 8-K, filed Jul 24, 2026
- Filed
- CIK
- 0000732712
- Accession no.
- 0001193125-26-315236
Summary
Verizon and CEO Daniel H. Schulman amended his employment agreement to extend the initial term through Dec. 31, 2028, with annual one-year extensions thereafter unless either party gives at least 90 days' notice. For 2028, Schulman will receive base salary and a target annual incentive no less than in the portion of the initial term ending Dec. 31, 2027, plus a long-term incentive award with a target value of at least $25 million to be granted in early 2027.
Key points
- Verizon and CEO Daniel H. Schulman entered the amendment on July 23, 2026.
- The initial employment term was extended from Dec. 31, 2027 to Dec. 31, 2028.
- After the initial term, the agreement is subject to annual one-year extensions unless either party gives at least 90 days' notice of non-extension.
- Schulman's long-term incentive award for 2028 will have a target value of at least $25 million and will be granted during the first three months of 2027.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
From the filing
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 23, 2026, Verizon Communications Inc. (“Verizon”) and Mr. Daniel H. Schulman, Verizon’s Chief Executive Officer, entered into an amendment to Mr. Schulman’s employment letter agreement, dated as of October 13, 2025 and previously amended as of January 9, 2026 (the “Employment Agreement”), pursuant to which: • The last date of the initial term of Mr. Schulman’s employment was extended from December 31, 2027 to December 31, 2028; …
An excerpt of the text as filed with the SEC, cut for length.
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