Verizon extends CEO Schulman's term through 2028 with $25M long-term incentive award

Filed July 24, 2026 · Period ending July 23, 2026 · ~1 min read

Key Changes

• high

  CEO Daniel Schulman's employment term extended one year through December 31, 2028, with guaranteed 2028 base salary and annual incentive at 2027 levels or higher.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• high

  Schulman to receive $25M long-term incentive award for 2028 service, granted in early 2027 alongside other executive awards, with accelerated vesting if employment ends due to succession.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  After the initial term ending December 2028, the employment agreement will be subject to annual one-year extensions unless either party provides 90 days' notice.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →