Verizon extends CEO Daniel Schulman's employment term to December 31, 2028
Verizon amended CEO Daniel Schulman's employment agreement on July 23, 2026, extending his initial term from December 31, 2027 to December 31, 2028. After that, the agreement renews annually unless either party gives at least 90 days' notice. The filing also sets a 2028 long-term incentive award with a target value of at least $25 million, which would vest in full on a qualifying succession event.
Key points
- Initial term end date extended from December 31, 2027 to December 31, 2028
- Calendar 2028 long-term incentive award with target value of at least $25 million, granted in the first three months of 2027
- Award vests in full on termination due to a succession event on or after the grant date
- Renewals are annual, subject to 90 days' notice of non-extension
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 July 24, 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.