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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 _____________________________________________________________________________
FORM 8-K
 
 ______________________________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: March 18, 2025
(Date of earliest event reported)
 ______________________________________________________________________________
Verizon Communications Inc.
(Exact name of registrant as specified in its charter)
 _______________________________________________________________________________  
Delaware1-860623-2259884
(State or other jurisdiction
of incorporation)		(Commission File Number)(I.R.S. Employer Identification No.)
1095 Avenue of the Americas10036
New York,New York
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (212) 395-1000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered
Common Stock, par value $0.10VZNew York Stock Exchange
Common Stock, par value $0.10VZThe Nasdaq Global Select Market
0.875% Notes due 2025VZ 25New York Stock Exchange
3.25% Notes due 2026VZ 26New York Stock Exchange
1.375% Notes due 2026VZ 26BNew York Stock Exchange
0.875% Notes due 2027VZ 27ENew York Stock Exchange
1.375% Notes due 2028VZ 28New York Stock Exchange
1.125% Notes due 2028VZ 28ANew York Stock Exchange
2.350% Fixed Rate Notes due 2028VZ 28CNew York Stock Exchange
1.875% Notes due 2029VZ 29BNew York Stock Exchange
0.375% Notes due 2029VZ 29DNew York Stock Exchange
1.250% Notes due 2030VZ 30New York Stock Exchange
1.875% Notes due 2030VZ 30ANew York Stock Exchange
4.250% Notes due 2030VZ 30DNew York Stock Exchange
2.625% Notes due 2031VZ 31New York Stock Exchange
2.500% Notes due 2031VZ 31ANew York Stock Exchange
3.000% Fixed Rate Notes due 2031VZ 31DNew York Stock Exchange
0.875% Notes due 2032VZ 32New York Stock Exchange
0.750% Notes due 2032VZ 32ANew York Stock Exchange
3.500% Notes due 2032VZ 32BNew York Stock Exchange
1.300% Notes due 2033VZ 33BNew York Stock Exchange
4.75% Notes due 2034VZ 34New York Stock Exchange
4.750% Notes due 2034VZ 34CNew York Stock Exchange
3.125% Notes due 2035VZ 35New York Stock Exchange
1.125% Notes due 2035VZ 35ANew York Stock Exchange
3.375% Notes due 2036VZ 36ANew York Stock Exchange
3.750% Notes due 2036VZ 36BNew York Stock Exchange
2.875% Notes due 2038VZ 38BNew York Stock Exchange
1.875% Notes due 2038VZ 38CNew York Stock Exchange
1.500% Notes due 2039VZ 39CNew York Stock Exchange
3.50% Fixed Rate Notes due 2039VZ 39DNew York Stock Exchange
1.850% Notes due 2040VZ 40New York Stock Exchange
3.850% Fixed Rate Notes due 2041VZ 41CNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
☐ Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 18, 2025, the Human Resources Committee of the Board of Directors of Verizon Communications Inc. (Verizon) recommended, and the Board of Directors approved, an increase to the annual target long term incentive opportunity for its Chairman and Chief Executive Officer, Hans Vestberg, based on its assessment of the market competitiveness of his total compensation opportunity, his tenure and his experience. Mr. Vestberg’s target 2025 long term incentive opportunity increased from $18,000,000 to $25,000,000, and consistent with Mr. Vestberg's prior annual long-term incentive awards, the award is comprised of 67% performance stock units (PSUs) and 33% restricted stock units (RSUs). The PSUs and RSUs are subject to the same terms and conditions as the PSUs and RSUs granted to the other senior executives, which is consistent with prior year long-term incentive awards.
Item 7.01. Regulation FD Disclosure.

As previously disclosed, in the first quarter of 2025, Verizon reclassified recurring device protection and insurance related plan revenues from Other revenue into Wireless service revenue. In addition, beginning in the first quarter of 2025, Verizon will no longer count the impacts of the second number offering in calculating wireless retail postpaid phone net additions, wireless retail postpaid phone churn and other phone metrics.

As a convenience to investors, in Exhibit 99.1 to this report we are providing certain unaudited historical financial and operating information reflecting these changes.

The information provided pursuant to this Item 7.01 is “furnished” and shall not be deemed to be “filed” with the Securities and Exchange Commission or incorporated by reference in any filing under the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filings.



Item 9.01. Financial Statements and Exhibits
(d) Exhibits.  
Exhibit
Number		  Description
Selected historical financial and operating information.
104Cover Page Interactive Data File (formatted as inline XBRL).

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
  Verizon Communications Inc.
  (Registrant)
Date:March 19, 2025 /s/ Mary-Lee Stillwell
      Mary-Lee Stillwell
       Senior Vice President and Controller
Verizon Communications Inc.
Exhibit 99.1

Selected Historical Financial and Operating Information



Consumer - Selected Financial Results
(dollars in millions)
3 Mos. Ended3 Mos. Ended3 Mos. Ended3 Mos. Ended12 Mos. Ended
Unaudited3/31/246/30/249/30/2412/31/2412/31/24
Operating Revenues
Service$19,624 $19,851 $19,919 $20,064 $79,458 
Wireless equipment4,490 4,143 4,478 6,487 19,598 
Other943 933 963 1,009 3,848 
Total Operating Revenues$25,057 $24,927 $25,360 $27,560 $102,904 
Footnotes:
Certain intersegment transactions with corporate entities have not been eliminated.

Verizon Communications Inc.

Consumer - Selected Operating Statistics
Unaudited3/31/246/30/249/30/2412/31/24
Connections (‘000):
Wireless retail postpaid phone74,523 74,407 74,412 74,772 
3 Mos. Ended3 Mos. Ended3 Mos. Ended3 Mos. Ended12 Mos. Ended
Unaudited3/31/246/30/249/30/2412/31/2412/31/24
Gross Additions (‘000):
Wireless retail postpaid phone1,674 1,647 1,860 2,324 7,505 
Net Additions (‘000):
 Wireless retail postpaid phone(194)(109)18 367 82 
Churn Rate:
Wireless retail postpaid phone0.83 %0.79 %0.83 %0.88 %0.83 %
Revenue Statistics (in millions):
Wireless service revenue
$16,760 $16,985 $17,036 $17,170 $67,951 
Wireless Account Statistics:
Wireless retail postpaid ARPA(1)
$141.31 $144.15 $144.94 $145.61 $144.00 
Footnotes:
(1) Wireless retail postpaid ARPA - average service revenue per account from retail postpaid accounts.
Where applicable, the operating results reflect certain adjustments, including those related to the reclassification of connections associated with Verizon’s second number offering, migration activity among different types of devices and plans, customer profile changes, and adjustments in connection with mergers, acquisitions and divestitures. Where applicable, historical results have been recast to conform to the current period presentation.
Certain intersegment transactions with corporate entities have not been eliminated.

Verizon Communications Inc.

Business - Selected Operating Statistics
Unaudited3/31/246/30/249/30/2412/31/24
Connections (‘000):
 Wireless retail postpaid phone18,295 18,445 18,603 18,745 
3 Mos. Ended3 Mos. Ended3 Mos. Ended3 Mos. Ended12 Mos. Ended
Unaudited3/31/246/30/249/30/2412/31/2412/31/24
Gross Additions (‘000):
Wireless retail postpaid phone694 737 770 740 2,941 
Net Additions (‘000):
Wireless retail postpaid phone80 135 149 137 501 
Churn Rate:
Wireless retail postpaid phone1.13 %1.09 %1.12 %1.08 %1.10 %
Revenue Statistics (in millions):
  Wireless service revenue$3,467 $3,521 $3,562 $3,572 $14,122 
Footnotes:
Where applicable, the operating results reflect certain adjustments, including those related to the reclassification of connections associated with Verizon’s second number offering, migration activity among different types of devices and plans, customer profile changes, and adjustments in connection with mergers, acquisitions and divestitures. Where applicable, historical results have been recast to conform to the current period presentation.
Certain intersegment transactions with corporate entities have not been eliminated.


Verizon Communications Inc.

Supplemental Information - Total Wireless Operating and Financial Statistics

The following supplemental schedule contains certain financial and operating metrics which reflect an aggregation of our Consumer and Business segments’ wireless results.
Unaudited3/31/246/30/249/30/2412/31/24
Connections (‘000):
Retail postpaid phone92,818 92,852 93,015 93,517 
3 Mos. Ended3 Mos. Ended3 Mos. Ended3 Mos. Ended12 Mos. Ended
Unaudited3/31/246/30/249/30/2412/31/2412/31/24
Net Additions (‘000):
Retail postpaid phone(114)26 167 504 583 
Account Statistics:
Retail postpaid ARPA(1)
$164.27 $167.38 $168.44 $168.96 $167.26 
Churn Rate:
Retail postpaid phone0.89 %0.85 %0.88 %0.92 %0.88 %
Revenue Statistics (in millions)(2):
Wireless service$20,227 $20,506 $20,598 $20,742 $82,073 
Wireless equipment5,361 4,998 5,343 7,515 23,217 
Wireless other871 867 907 953 3,598 
Total Wireless$26,459 $26,371 $26,848 $29,210 $108,888 
Footnotes:
(1) Wireless retail postpaid ARPA - average service revenue per account from retail postpaid accounts.
(2) Intersegment transactions between Consumer or Business segment with corporate entities have not been eliminated.
Where applicable, the operating results reflect certain adjustments, including those related to the reclassification of connections associated with Verizon’s second number offering, migration activity among different types of devices and plans, customer profile changes, and adjustments in connection with mergers, acquisitions and divestitures. Where applicable, historical results have been recast to conform to the current period presentation.