Verizon shareholders elected 10 directors, approved executive compensation and auditor, while rejecting three proposals. Preliminary vote tallies pending certification.
Quiver AI Summary
Verizon Communications Inc. held its annual meeting virtually on May 22, 2025, where shareholders elected all 10 directors for a one-year term and approved two management proposals regarding executive compensation and the appointment of Ernst & Young LLP as the independent auditor. Additionally, three shareholder proposals concerning climate lobbying, lead-sheathed cables, and discrimination in advertising were rejected. The vote results are preliminary until certified by independent inspectors, with final results expected to be posted on Verizon’s website. Verizon, headquartered in New York City, reported revenues of $134.8 billion in 2024 and continues to focus on innovation and customer service.
Potential Positives
- All ten of Verizon's directors were re-elected to a one-year term, demonstrating shareholder confidence in the leadership team.
- Shareholders approved the compensation package for the company's named executive officers, indicating support for management's strategy and performance.
- Ernst & Young LLP was ratified as the company’s independent registered public accounting firm, suggesting stability and trust in financial oversight.
Potential Negatives
- Shareholder proposals related to climate lobbying, lead-sheathed cables, and discrimination in advertising were all defeated, indicating potential shareholder dissatisfaction with the company's transparency and commitment to social responsibility.
- The decision to hold the annual meeting in a virtual-only format may be seen as less engaging for shareholders, potentially affecting participation and feedback.
- The preliminary nature of the vote tallies may raise concerns about the reliability and finality of the voting process among stakeholders.
FAQ
What were the results of Verizon's annual shareholder meeting?
Verizon's shareholders elected all 10 directors, approved executive compensation, and ratified Ernst & Young as the accounting firm.
How did shareholders vote on management proposals?
Shareholders voted in favor of two management proposals regarding executive compensation and the appointment of Ernst & Young.
What proposals were defeated at the shareholder meeting?
All three shareholder proposals on climate lobbying, lead-sheathed cables, and advertising discrimination were defeated.
Where can I find the final voting results?
The final results will be posted on Verizon’s investor website after certification by independent inspectors.
What is Verizon's revenue for the year 2024?
Verizon generated revenues of $134.8 billion in 2024, showcasing its strong market presence.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VZ Insider Trading Activity
$VZ insiders have traded $VZ stock on the open market 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.
Here’s a breakdown of recent trading of $VZ stock by insiders over the last 6 months:
- KYLE MALADY (EVP and Group CEO-VZ Business) has made 0 purchases and 11 sales selling 107,175 shares for an estimated $4,461,186.
- VANDANA VENKATESH (EVP-PubPol&ChiefLegalOfficer) has made 0 purchases and 2 sales selling 10,000 shares for an estimated $437,938.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$VZ Hedge Fund Activity
We have seen 1,496 institutional investors add shares of $VZ stock to their portfolio, and 1,572 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GQG PARTNERS LLC added 37,516,167 shares (+303.9%) to their portfolio in Q1 2025, for an estimated $1,701,733,335
- FMR LLC added 14,873,284 shares (+52.2%) to their portfolio in Q1 2025, for an estimated $674,652,162
- STATE STREET CORP added 14,052,011 shares (+7.4%) to their portfolio in Q1 2025, for an estimated $637,399,218
- PARNASSUS INVESTMENTS, LLC removed 13,308,721 shares (-80.1%) from their portfolio in Q1 2025, for an estimated $603,683,584
- PACER ADVISORS, INC. added 10,300,369 shares (+737.5%) to their portfolio in Q1 2025, for an estimated $467,224,737
- BLACKROCK, INC. added 8,618,085 shares (+2.5%) to their portfolio in Q1 2025, for an estimated $390,916,335
- JPMORGAN CHASE & CO added 7,622,100 shares (+24.1%) to their portfolio in Q1 2025, for an estimated $345,738,456
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BASKING RIDGE, N.J., May 22, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) has announced preliminary results of the shareholder vote at its annual meeting, which was held today in a virtual-only format.
Verizon’s shareholders elected each of Verizon’s 10 directors to a one-year term. Shareholders also voted in favor of two management proposals:
- Approved the compensation of the company’s named executive officers as described in the 2025 proxy statement; and
- Ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm.
All three shareholder proposals were defeated: issue report on climate lobbying alignment; issue report on lead-sheathed cables; and assess risks related to discrimination in advertising services.
Vote tallies are considered preliminary until the final results are tabulated and certified by independent inspectors of election. The final results will be posted on Verizon’s website at www.verizon.com/about/investors .
Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.8 billion in 2024. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.
VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news . News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/ .
Media contacts:
Jamie Serino
[email protected]
Adi Wineland
[email protected]
