8-KItem 5.02 · Officer/Director Change
Verizon Extends CEO Daniel Schulman’s Initial Term Through 2028
Filed with the SEC on · Summarized by InvestorsBot
Verizon and CEO Daniel H. Schulman amended his employment agreement on July 23, 2026, extending the initial term through December 31, 2028, followed by automatic one-year extensions unless either party provides at least 90 days’ notice. For 2028, Schulman is guaranteed a base salary and target annual incentive opportunity no lower than his 2027 levels, plus a long-term incentive award with a target value of at least $25 million.