VERIZON COMMUNICATIONS INC
For the period ended Mar 31, 2026. Filed May 1, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 1, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
The following table provides information about Verizon’s share repurchase activity for the quarter ended March 31, 2026:
| Period · Total number of shares purchased · Average price paid per share · Total number of shares purchased as part of publicly announced plans or programs(1)(2) · Approximate dollar value of shares that may yet be purchased under the plans or programs(1) | ||||||
|---|---|---|---|---|---|---|
| January 1 - 31 | — | $— | — | $25,000,000,000 | ||
| February 1 - 28 | 45,116,772 | (2) | 45,116,772 | 22,500,000,000 | ||
| March 1 - 31 | 5,641,251 | (2) | 5,641,251 | 22,500,000,000 | ||
| Total | 50,758,023 | $49.25 | (2) | 50,758,023 | $22,500,000,000 | |
(1)On January 30, 2026, the Board of Directors of the Company authorized a share repurchase program for up to $25 billion of our common stock. The program will terminate when the aggregate consideration paid to purchase shares of our common stock reaches $25 billion, exclusive of any fees, commissions or other expenses, or a new share repurchase plan superseding the current plan is authorized, whichever is sooner. Under the program, shares may be repurchased in privately negotiated transactions, on the open market, or otherwise, including through plans complying with Rule 10b5-1 or Rule 10b-18 under the Exchange Act. The timing and number of shares purchased under the program, if any, will depend on prevailing stock prices, general economic and market conditions, and other considerations. The share repurchase program does not obligate us to acquire any particular amount of common stock, and the program may be suspended or discontinued at any time at our discretion.
(2)In February 2026, we entered into ASR agreements with certain financial institution counterparties to repurchase shares of our common stock in exchange for an upfront payment of $2.5 billion and received an initial delivery of 45,116,772 shares of common stock using a reference price of $47.10. In March 2026, the ASR transactions were completed, and we received an additional 5,641,251 shares. This resulted in a total of 50,758,023 shares repurchased under the ASR agreements at an average repurchase price of $49.25, not including related excise tax. The initial and additional shares received under the ASR agreements were excluded from the outstanding shares used to calculate the weighted average common shares outstanding for basic and diluted earnings per share from the date the respective shares were received by the Company and classified as treasury shares.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.