VERIZON COMMUNICATIONS INC. | Change company equity compensation plan policy at VERIZON COMMUNICATIONS INC.

Status
Omitted
AGM date
Resolution details
Company ticker
VZ
Lead filer
Individual
Resolution ask
Adopt or amend a policy
ESG theme
  • Governance
ESG sub-theme
  • Remuneration or pay
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Telecom
Company HQ country
United States
Resolved clause
Shareholders of Verizon Communications Inc. (the “Company”) urge the Compensation Committee of the Board of Directors to adopt a policy that senior executives should retain a significant portion of equity obtained through the Company’s equity compensation plans, excluding any tax-deferred retirement plans, for two years after their termination from the Company, whether through retirement or otherwise. The policy also should prohibit hedging techniques that offset the risk of losses during this twoyear period. This policy shall supplement any share ownership requirements that apply to senior executives and should be implemented so as not to violate existing contractual obligations or the terms of any compensation or benefit plan currently in effect.

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