VZ 13F Investor Activity Report

Verizon (VZ) filed an 8-K on July 24, 2026, announcing its Q2 2026 earnings. However, the filing itself doesn't provide the actual earnings numbers—instead, it mainly defines the non-GAAP financial measures the company uses, such as adjusted EBITDA and adjusted EPS. It also mentions several one-time items, including integration costs for the Frontier Communications acquisition completed in January 2026, severance charges from workforce reductions, and asset rationalization expenses.

Verizon amended CEO Daniel Schulman's employment agreement on July 23, 2026, extending his initial term from the end of 2027 to the end of 2028. After that, the agreement will renew automatically for one-year periods unless either party gives 90 days' notice not to extend. For 2028, Schulman is guaranteed at least $25 million in long-term incentive awards, to be granted in early 2027 alongside other top executives, though the vesting conditions are not fully described in this filing. Compensation for years after 2028 will be set later by the board.

No AI summary for this filing type