Verizon Elects Charles Phillips to Board of Directors

Executive Summary

On September 29, 2026, Verizon Communications Inc. filed a Form 8-K under Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers), announcing the election of Charles Phillips to its Board of Directors, effective September 25, 2026.

Key Event Details

• Director Appointed: Charles Phillips
• Professional Background: Co-Founder & Managing Partner of Recognize Partners LP
• Effective Date: September 25, 2026
• Committee Assignments: Mr. Phillips has not yet been named to any Board committees as of the filing date.
• Compensation: Mr. Phillips will participate in the standard compensatory arrangements applicable to non-employee directors, as detailed in Verizon's definitive proxy statement filed on Schedule 14A on April 6, 2026.

Market and Governance Impact

• Trading Significance: Low. The addition of a new independent director is a standard corporate governance update and does not reflect a change in executive management or direct insider equity transactions.