VERIZON COMMUNICATIONS INC
For the period ended Jun 30, 2026. Filed Jul 31, 2026.
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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.
Jun 30, 2026 · Filed Jul 31, 2026
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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 June 30, 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) | ||||||||
|---|---|---|---|---|---|---|---|---|
| April 1 - 30 | 17,993,226 | $ | (2) | 17,993,226 | $21,500,000,000 | |||
| May 1 - 31 | — | — | — | 21,500,000,000 | ||||
| June 1 - 30 | 3,296,217 | (2) | 3,296,217 | 21,500,000,000 | ||||
| Total | 21,289,443 | $46.97 | (2) | 21,289,443 | $21,500,000,000 | |||
(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 April 2026, we entered into an ASR agreement with a certain financial institution counterparty to repurchase shares of our common stock in exchange for an upfront payment of $1.0 billion and received an initial delivery of 17,993,226 shares of common stock using a reference price of $47.24. In June 2026, the ASR transaction was completed, and we received an additional 3,296,217 shares. This resulted in a total of 21,289,443 shares repurchased under the ASR agreement at an average repurchase price of $46.97, not including related excise tax. Shares received under the ASR agreement 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.
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