Verizon CEO Schulman set for $25 million long-term incentive award for 2028 service

• Verizon amended CEO Daniel H. Schulman’s employment agreement, extending the initial term to Dec. 31, 2028 from Dec. 31, 2027.
• Contract shifts to annual one-year renewals after 2028 unless either side gives at least 90 days’ notice of non-extension.
• For 2028, base salary and target annual incentive set no lower than levels in place through Dec. 31, 2027.
• 2028 long-term incentive set at a target value of at least $25 million, to be granted in the first three months of 2027.
• Time-based vesting deemed fully satisfied on a succession-event termination on or after grant; award is his sole long-term incentive for 2028.

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