Verizon amends Daniel Schulman's $30 million performance stock unit award terms
Verizon's Human Resources Committee approved an amendment to a letter agreement with CEO Daniel H. Schulman that sets updated terms for a $30 million target value performance stock unit award. The award, which vests on December 31, 2027 if earned, ties half its value to adjusted earnings per share targets and half to relative total shareholder return.
Key points
- Committee approved the amendment on January 8, 2026, to the letter agreement with Daniel H. Schulman dated October 13, 2025
- Target value of the PSU award is $30 million, to be granted in the first quarter of 2026 on the annual long-term incentive grant date
- 50% vests on adjusted EPS targets and 50% on relative total shareholder return, with payouts of 0-200% of target for the TSR portion
- Award vests, to the extent earned, on December 31, 2027, generally subject to continued employment
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 12, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.