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Sustainability at Verizon Verizon gives people the ability to do more through technology, investments and actions designed to educate the 21st century workforce and promote environmental sustainability. SUSTAINABLE DEVELOPMENT We are taking action in support of the United Nations' Sustainable Development Goals: Improving Global Resource Efficiency Reducing Environmental Impact: Verizon is committed to delivering a lasting, positive impact on the environment by cutting our own carbon intensity - the amount of carbon our business emits divided by the terabytes of data we transport over our networks - in half over the 2016 baseline by 2025. Weve also working towards sourcing renewable energy equivalent to 50% of our total electricity usage by 2025. Supporting Carbon Abatement: Verizons products and services - ranging from high speed internet that allows people to work remotely, smart grids that increase the efficiency of our power system, to telematics that improve fleet routing - help our customers use less energy, and therefore create fewer greenhouse gas emissions. Reducing Waste and Supporting Recycling We continue to work to reduce the environmental impact of our products through: Managing the materials we use in making them Reducing packaging volume Recycling, refurbishing and/or reusing our products, including the responsible management of out of service lead batteries Providing recycling information on product labels, and supporting public recycling Verizon received an on the Carbon Disclosure Projects 2018 evaluation and is ranked in CDPs Leadership scoring band. CDP runs a global voluntary disclosure system by which companies and cities disclose their environmental impacts to inform marketplace decision-making. Verizon chairs the Global e-Sustainability Initiative a consortium of ICT companies that collaborate to develop and share resources for achieving social and environmental sustainability through technology.Sustainability at Verizon Verizon gives people the ability to do more through technology, investments and actions designed to educate the 21st century workforce and promote environmental sustainability. SUSTAINABLE DEVELOPMENT We are taking action in support of the United Nations' Sustainable Development Goals: Improving Global Resource Efficiency Reducing Environmental Impact: Verizon is committed to delivering a lasting, positive impact on the environment by cutting our own carbon intensity - the amount of carbon our business emits divided by the terabytes of data we transport over our networks - in half over the 2016 baseline by 2025. Weve also working towards sourcing renewable energy equivalent to 50% of our total electricity usage by 2025. Supporting Carbon Abatement: Verizons products and services - ranging from high speed internet that allows people to work remotely, smart grids that increase the efficiency of our power system, to telematics that improve fleet routing - help our customers use less energy, and therefore create fewer greenhouse gas emissions. Reducing Waste and Supporting Recycling We continue to work to reduce the environmental impact of our products through: Managing the materials we use in making them Reducing packaging volume Recycling, refurbishing and/or reusing our products, including the responsible management of out of service lead batteries Providing recycling information on product labels, and supporting public recycling Verizon received an on the Carbon Disclosure Projects 2018 evaluation and is ranked in CDPs Leadership scoring band. CDP runs a global voluntary disclosure system by which companies and cities disclose their environmental impacts to inform marketplace decision-making. Verizon chairs the Global e-Sustainability Initiative a consortium of ICT companies that collaborate to develop and share resources for achieving social and environmental sustainability through technology. Supporting Quality Education Through the Verizon Innovation Learning initiative, we provide free technology, free internet access and hands-on immersive curricula in science, technology, engineering and math to students in need.

To our shareholders:

A message from Hans Vestberg, our Chair & CEO, and Clarence Otis, Jr., our Lead Director

Delivering on our corporate purpose and capitalizing on the opportunity ahead requires more than the best technology; it requires a strong V Team. A top priority for our Board is overseeing the company’s efforts to create a diverse, equitable and inclusive culture and develop a workforce with skills for the future. We believe investing in employees gives Verizon a powerful competitive edge. In addition to receiving regular briefings on employee engagement and workforce development initiatives, as a Board, we feel it is important to connect directly with employees. Our Directors participate in employee town halls, leadership forums and company-wide webcasts covering a range of topics from career development to current business and societal issues.

As a global community, we are facing some of the greatest challenges of our lifetime. Our Board is focused on steering the company through these challenges, supporting Verizon to engage on the societal issues that have a direct impact on our business, employees and the communities we serve, and continuing to build a resilient enterprise prepared to drive and power the interconnected future.

We believe we are laying the foundation for long-term success.

Sincerely,

Table of Contentscontents

Verizon 2022 Proxy Statement

Verizon 2022 Proxy Statement

Agenda and voting recommendations

		Item 1: Election of Directors The Board of Directors recommends that you vote FOR the election of the Board’s nominees.
		The Board’s nominees are all proven leaders with a strong sense of integrity and respect for differing viewpoints. As a group they bring a mix of backgrounds, perspectives, skills, experiences and Environmental, Social and Governance (ESG) expertise that contributes to a well-rounded Board uniquely positioned to effectively oversee Verizon’s strategy and businesses. Additional information about the Director candidates and their respective qualifications begins on page 1.

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Verizon 2022 Proxy Statement

Our nominees at a glance

Continued Network Leadership

Shellye Archambeau

Customer Driven Models

Former Chief Executive Officer, •   Network as a ServiceMetricStream, Inc.   •   5G & Intelligent Edge NetworkIndependent

•   Operating Model Based on Customer Needs •   Company-wide Assets for New Applications & Services •   Ecosystem Partnerships

Marketing Risk management Technology

Roxanne Austin President and CEO, Austin Investment Advisors Independent

Trusted Brand

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Cybersecurity

Financial Disciplineexpertise Strategic planning

•   Customer Trust & InnovationMark Bertolini Co-Chief Executive Officer, Bridgewater Associates, LP   •   Responsible Business PracticesIndependent

•   Balanced Capital Allocation •   Best-In-Class Cost Models

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Financial expertise Regulatory/public policy Strategic planning

Meeting InformationMelanie Healey Former Group President, The Procter & Gamble Company   Date and Time May 2, 2019 at 8:45 a.m., local timeIndependent

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Consumer/B2B/retail Marketing Strategic planning

Laxman Narasimhan Chief Executive Officer, Reckitt Benckiser Group Plc   Place Rosen Shingle Creek, 9939 Universal Boulevard, Orlando, FloridaIndependent

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Consumer/B2B/retail Risk management Strategic planning

Clarence Otis, Jr. Former Chairman and CEO, Darden Restaurants, Inc.   Record Date March 4, 2019Independent Lead Director

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Consumer/B2B/retail Financial expertise Risk management

Daniel Schulman President and CEO, PayPal Holdings, Inc.   AdmissionIndependent

Cybersecurity Strategic planning Technology

Rodney Slater Partner, Squire Patton Boggs LLP Independent

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Regulatory/public policy Risk management Strategic planning

Carol Tomé Chief Executive Officer, United Parcel Service, Inc. Independent

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Consumer/B2B/retail Financial expertise Strategic planning

Hans Vestberg Chairman and Voting Information can be found beginning on page 83CEO,   Verizon Communications Inc.

Strategic planning Technology Telecommunications

Gregory Weaver Former Chairman and CEO, Deloitte & Touche LLP Independent

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Financial expertise Risk management Strategic planning

*Committee memberships are as of March 28, 2022.                 Committee Chair                 Audit Committee Financial Expert

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Corporate Governance HighlightsOur Board has adopted robust governance structures and practices to enhance our independent oversight, effectiveness and accountability to shareholders.

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		Item 2: Advisory vote to approve executive compensation   Shareholders must ratify any employment or severance agreement with an executive officerThe Board of Directors recommends that provides for severance benefits exceeding 2.99 times the sum of the executive’s base salary plusyou vote non-equityFOR incentive plan opportunity. This policy is described on page 50. this proposal.
Board Governance
Director Independence		Currently, 10We are asking shareholders to approve, on an advisory basis, the compensation of our 12 Directors are independent,named executive officers as described in the Compensation Discussion and the standards that our Board uses to assess independence are more stringent than those of the New York Stock Exchange (NYSE) or The Nasdaq Stock Market (Nasdaq). For more information about the independence of these 10 Directors, see “Independence”Analysis and Compensation Tables beginning on page 7.
Board Leadership		Currently, the CEO serves as Chairman of the Board, in consultation with an independent Lead Director. You can read about the respective roles and responsibilities of the Chairman and the Lead Director, and why our Board believes Verizon’s shareholders are best served by this leadership structure, under “Board Leadership” on page 14.
Limits on Board Service		To ensure that our Directors have sufficient time to devote to their responsibilities on Verizon’s Board, our Corporate Governance Guidelines provide that Directors with full-time roles infor-profit businesses should serve on no more than three public company boards, and other Directors should serve on no more than four public company boards. Members of our Audit Committee should serve on no more than two other public company audit committees.
Stock Ownership		Within three years of their election, Directors must hold Verizon stock with a value equal to three times the cash component of the annual Board retainer. Share equivalents held in any deferral plan are included when calculating the number of shares held. Directors may not divest the share equivalents they receive upon joining the Board or in connection with their annual equity grant while they are serving on the Board.
Director Retirement		Directors must retire from the Board the day before the annual meeting of shareholders that follows their 72nd birthday. The size of the Board will be reduced by one for each such retirement. 23.

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The Verizon Board embodies a range of viewpoints, backgrounds and expertise because we believethat diversity is a critical element of a well-functioning board.

Board Diversity and Experience*

Current/Former CEO Public Board Service Accounting/Finance Risk Management Strategic Planning Operational Technology/IT/Telecoms Consumer/Customer Experience Women Hispanic/African American

Board Tenure*

Statement

Average Tenure: 7.7 years Median Tenure: 6.8 years Average Age* 62 1 50-55 years 3 56-60 years 5 61-65 years 3 66-72 years

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Verizon 2022 Proxy Statement

We are mailing this proxy statement to our shareholders beginning on March 18, 2019. It is also available online atwww.edocumentview.com/vz or, if you are a registered holder, atwww.envisionreports.com/vz. Our Board of Directors is soliciting proxies in connection with the 2019 Annual Meeting of Shareholders and encourages you to read this proxy statement and vote your shares promptly.

Governance

Item  1: Election of Directors

Our approach to Board and Principles of Good Governancecomposition

We believe that good governance starts with an independent, effective and diverse Board leadership.Board. Our Board is one of Verizon’s most critical strategic assets. As such, the composition of the Board evolves along with our strategic needs for the future. We believe we are more likely to achieve sustainable growth in shareholder value when our Board has the right mix of skills, expertise and tenure. In carrying out its responsibilities, the Board abides by certain guiding principles with regard to its own composition and most essential duties – principles our shareholders have expressed to us that they believe are fundamental to our Company’s success.

Diversity. A board with a diverse set of viewpoints, backgrounds and expertise is best positioned to provide broad perspectives to our management team as it assesses the challenges and opportunities impacting our business. A diverse board is more likely to consider a broader range of possibilities and help management achieve better outcomes. Diversity is one critical element of board composition that Verizon has focused on over the years in our refreshment and succession planning processes, as well as in our Board leadership structure. Women compriseone-third of our current Board.

Strategy and risk oversight. We recognize that our shareholders rely on our Directors to oversee Verizon’s strategy for realizing opportunities and mitigating risks. As management navigates a rapidly changing competitive landscape, it is the Board’s duty to ensure that management is executing on the Company’s strategic plan, addressing emerging challenges and disruptions, and promoting innovation. At the same time, Directors must satisfy themselves that the risk management policies and procedures designed and implemented by management are consistent with the Company’s strategy and risk appetite, that these policies and procedures are functioning as intended, and that necessary steps are taken to create a culture of risk-aware decision making throughout the organization. Through its oversight role, the Board sends a message to management that risk management is not an impediment to the conduct of business, but is instead an integral component of strategy, culture and business operations.

Engagement.Our Board welcomes the opportunity to develop an understanding of shareholder perspectives on our Company and to foster long-term relationships with our shareholders. Our Directors understand that our investors want to hear from them on their thinking on a range of topics not just limited to the shareholder proposals we receive during proxy season. In 2018, our Board discussed with shareholders long-term strategy oversight, CEO succession, sustainability and corporate responsibility, Board composition and refreshment, the relationship between our compensation program and our long-term strategy, and transparency into Board practices and priorities.

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Verizon 2022 Proxy Statement

Our Board’s independence Where to Find More Information on Governance at Verizon
You can find Verizon’s Corporate Governance Guidelines Codeestablish standards for evaluating Director independence and require that a substantial majority of Conductthe Directors be independent. The Board determines the independence of each Director under New York Stock Exchange (NYSE) and other corporateNasdaq governance materials, including Verizon’s certificatestandards, as well as the more stringent standards included in the Guidelines. These standards identify the types of incorporation, bylaws, committee chartersrelationships that, if material, could impair independence, and policies,fix monetary thresholds at which the relationships are considered to be material. The Guidelines are available on the Corporate Governance section of our website atwww.verizon.com/about/investorsinvestors/corporate-governance. You can request copiesThe Corporate Governance and Policy Committee conducts an annual review of any relevant business relationships that each Director may have with Verizon and reports its findings to the full Board. Based on the Committee’s recommendation, the Board has determined that all of the non-employee Director candidates meet the independence requirements of applicable law, the NYSE, Nasdaq and Verizon’s Corporate Governance Guidelines: Ms. Archambeau, Ms. Austin, Mr. Bertolini, Ms. Healey, Mr. Narasimhan, Mr. Otis, Mr. Schulman, Mr. Slater, Ms. Tomé and Mr. Weaver. The Board also determined that Mr. Vittorio Colao, who served as a Director until February 13, 2021, was independent. Additionally, the Board has determined that each member of the Audit Committee and the Human Resources Committee meets the additional, heightened independence criteria applicable to such committee members under the applicable NYSE and Nasdaq rules. The employers of Mr. Bertolini, Mr. Narasimhan, Mr. Schulman and Ms. Tomé each made payments to Verizon for telecommunications services during 2021. In addition, during 2021 Verizon made payments to Mr. Bertolini’s employer for fees relating to investment of pension plan assets, to Mr. Schulman’s employer for processing fees relating to payments to and from our customers in connection with Verizon services and wireless devices, and to Ms. Tomé’s employer for shipping services. Applying the independence standards above, the Board considered the foregoing payments and determined that these materialsgeneral business transactions and relationships are not material and did not impair the ability of the Director to act independently. Director nominations The Corporate Governance and Policy Committee considers and recommends candidates for our Board. The Committee reviews all nominations submitted to Verizon, including individuals recommended by shareholders, Directors or members of management. The Committee also retains executive search firms from time to time to help identify and evaluate potential candidates. Any shareholder who wishes to recommend a Director candidate to the Committee for its consideration should write to the Assistant Corporate Secretary at the address given under “Contacting Verizon.us.” A recommendation for a Director candidate should include the candidate’s name, biographical data and a description of the candidate’s qualifications in light of the requirements described below. If we make any material changes to the Committee’s procedure for considering and nominating candidates, we will file a report with the SEC and post the information on the Corporate Governance section of our website at www.verizon.com/about/investors/corporate-governance.

Business Conduct and Ethics

We are committed to operating with the highest level of integrity, responsibility and accountability. To that end, we have adopted a Code of Conduct that applies to all employees, including the CEO, the Chief Financial Officer and the Controller. The Code of Conduct describes each employee’s responsibility to conduct business with the highest ethical standards and provides guidance about preventing, reporting and remediating potential compliance violations in key areas. Directors are expected to act in the spirit of the Code of Conduct, and to comply with the specific ethical provisions of the Corporate Governance Guidelines. Our Board is strongly predisposed not to waive any of these business conduct and ethics provisions for executive officers or Directors. In the unlikely event of a waiver, we will promptly disclose the Board’s action on our website.

Related Person Transactions

The Board has adopted the Related Person Transaction Policy that is included in the Guidelines. The Corporate Governance and Policy Committee reviews transactions between Verizon and any of our Directors or executive officers or members of their immediate families to determine if any participants have a material interest in the transaction. If the Committee determines that a material interest exists, based on the facts and circumstances of each case, the Committee may approve, disapprove, ratify or cancel the transaction or recommend another course of action. Any Committee members who are involved in a transaction under review do not participate in the Committee’s deliberations.

From time to time Verizon has employees who are related to our executive officers or Directors. Mr. McAdam, who served as CEO until August 1, 2018 and as Executive Chairman from that time until December 31, 2018, has a child who is employed by a Verizon subsidiary and earned approximately $144,000 in 2018. Mr. Stratton, who served as Executive Vice President and President – Global Operations until June 7, 2018 and as Executive Vice President from that time until December 31, 2018, has a child who is employed by a Verizon subsidiary and earned approximately $245,000 in 2018, and anin-law who is employed by a Verizon subsidiary and earned approximately $209,000 in 2018. In each case, the amount of compensation earned was comparable to that of other employees in similar positions. These employees also participate in Verizon’s welfare and benefit plans that are made available to all employees.

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Governance

Corporate Responsibility and Board OversightVerizon 2022 Proxy Statement

Human Rights

Support for universal human rights has long been and will continue to be a core value and a significant part of the way in which Verizon conducts business. In 2009, Verizon committed to respecting human rights as defined in foundational instruments such as the Universal Declaration of Human Rights. Our commitments to human rights are formally expressed in ourCredo, ourCode of Conduct, ourHuman Rights Policyand our Supplier Code of Conduct. Verizon strives to create an environment of respect, integrity and fairness for our employees and customers wherever we do business, and we expect our business partners to operate the same way. Verizon’s Human Rights Policy is consistent with the spirit and intent of widely recognized international human rights principles, including those enshrined in the Universal Declaration of Human Rights. Our Supplier Code of Conduct mandates that our partners and suppliers, both locally and globally, conduct their operations not only in compliance with applicable laws but in an ethically responsible manner. Verizon’s Board of Directors oversees our policies relating to human rights as well as ethical issues with regard to our suppliers.

In order to support our efforts to operate in accordance with these standards, Verizon has launched a Business & Human Rights Program. This Program, which is based on an initiative created ten years ago at Yahoo prior to our acquisition of that company, strives to systematically embed human rights considerations into responsible business decision-making processes across the company. Critically, this work is informed by engagement with external networks and experts from around the globe.

Environmental

At every level of Verizon — from the way we operate our business to how we develop our products and services to how we pay our employees — we work to minimize our environmental impact. We measure our progress bytracking our carbon intensity — the amount of carbon our business emits divided by the terabytes of data we transport over our networks. Our current goal is to reduce our carbon intensity by 50% over the 2016 baseline by 2025, even as we grow our business. We intend to accomplish this through network upgrades and investing in renewable sources of energy. We now generate over 22 megawatts ofgreen energy in the United States every year, and our goal is to implement an additional 24 MW of green energy aton-site locations by 2025. We are working towards sourcing renewable energy equivalent to 50% of our total electricity usage by 2025. Verizon is one of the few companies in our peer group that includes asustainability target as one of the performance measures for management employees’ short-term incentive compensation awards. TheHuman Resources Committee has used a sustainability metric for compensation purposes since 2014.

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Item 1: Election of Directors

Nominees for Election

Verizon 2022 Proxy Statement

Proxy summary

Governance

Executive compensation

Audit matters

Stock ownership

Shareholder proposals

Additional information

Independent Director since: 2013 Age: 56 Committees: Audit Corporate Governance and Policy (Chair)Shellye Archambeau								Independent Director since: 2015 Age: 62 Committees: Finance (Chair) Human ResourcesRoxanne Austin
		Ms.Independent Director since: 2013 Age: 59 Committees: Audit Corporate Governance and Policy (Chair)								Independent Director since: 2020 Age: 61 Committees: Audit Finance

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Verizon 2022 Proxy Statement

Mark Bertolini								Melanie Healey
		Mr.Independent Director since: 2015 Age: 65 Committees: Finance (Chair) Human Resources								Independent Director since: 2011 Age: 60 Committees: Corporate Governance and Policy Human Resources
Key skills and experience: •   BertoliniLeadershipis: Recognized as an accessible, forward-thinking and solutions-oriented leader. Transformed Aetna from a traditional health insurance company to a consumer-oriented health care company focused on delivering holistic integrated care to local communities and serving over 46 million people. •   Financial expertise: Developed deep financial and risk management expertise in his executive roles at Aetna and as a Board member of MassMutual Life Insurance Company, a leading life insurance mutual company. Following his service on the former Chairman and ChiefBoard of Bridgewater Associates, the world’s largest hedge fund, named Co-Chief Executive Officer of Bridgewater in 2022. •   Regulatory/public policy: A national health care thought leader with extensive regulatory and public policy experience. Successfully navigated changes in the health insurance marketplace resulting from the Affordable Care Act and led Aetna through antitrust reviews of various acquisitions and proposed acquisitions. •   Strategic planning: Led Aetna through a period of strategic and regulatory transformation and domestic and international growth through strategic acquisitions and dispositions, culminating in the $78 billion acquisition of Aetna by CVS completed in 2018. Career highlights: •   Co-Chief Executive Officer of Bridgewater Associates, LP, a global investment management firm (January 2022-present) •   Aetna Inc., a multi-national, Fortune 100 diversified healthcare benefits company. He served as Aetna’s CEO from 2010 to 2018, ascompany ¡   Chairman from 2011 to 2018, and as(2011-2018) ¡   Chief Executive Officer (2010-2018) ¡   President from 2007 to 2010, where he was responsible for all of Aetna’s businesses and operations across the company’s range of healthcare products and related services. He also served as(2007-2010) ¡   Other Executive Vice President and head of Aetna’s regional businesses. Mr. Bertolini joined Aetna in 2003 as head of Aetna’s Specialty Products after holding executive positionsPositions (2003-2007) •   Executive Positions at Cigna, NYLCare Health Plans and SelectCare, Inc. Mr. Bertolini has served as a director of CVS Health Corporation since November 2018.   Qualifications:Mr. Bertolini’s experience at a large,multinational corporation provides the Board with valuableoperational and management expertise, as well as critical perspective onstrategic planning. His experience as Chairman and CEO of Aetna provides the Board with additional insights into the healthcare industry.Other public company boards:   Other Public Company Boards: CVS Health Corporation (2018-2020)								Key skills and experience: •   Leadership: Accomplished, consumer-focused executive with substantial global experience and a track record of delivering growth, driving operational improvements and launching successful product innovations over a 33-year career at 3 global iconic consumer product brand companies, including leading a global business for 6 years. •   Consumer/B2B/retail: Gained deep and valuable branding, distribution and operating experience with consumer wellness products on a global scale over a long career at 3 different multi-national organizations in the consumer goods industry (Procter & Gamble, Johnson & Johnson and S.C. Johnson & Sons). Continues to focus on the consumer/retailing sector through service on the Target board of directors and on a globally recognized consumer and B2B brand through service on the board of Hilton, which has over 6,000 properties in over 100 countries and territories. •   Marketing: Brings a multi-cultural and multi-national perspective acquired from working 18 years internationally to corporate strategy with respect to brand building, new product and commercial innovation and the consumer experience, as well as experience with managing large and complex marketing budgets. •   Strategic planning: As Group President of North America at Procter & Gamble, oversaw multi-year strategic planning for the largest division of the company, with over $32 billion in annual sales, and reversed a decline in sales after assuming that role. Career highlights: •   The Procter & Gamble Company, a leading provider of branded consumer packaged goods ¡   Group President (2007-2015) ¡   Other Executive Positions (1990-2015) •   Johnson & Johnson (1986-1990) •   S.C. Johnson & Sons (1983-1986) Other public company boards: Hilton Worldwide Holdings Inc. (since 2017) PPG Industries, Inc. (since 2016) Target Corporation (since 2015)

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Item 1: Election of Directors

Nominees for Election

Verizon 2022 Proxy Statement

Independent Director nominee Age: 57 Mr. Colao is the former Chief Executive of Vodafone Group Plc, a global mobile communications company. He served in this role from 2008 to October 2018. During his long tenure with the Vodafone Group beginning in 1999, Mr. Colao held numerous executive positions, including serving as the Regional Chief Executive Officer for Southern Europe, Middle East and Africa. He left the company in 2004 to serve as Chief Executive Officer of RCS MediaGroup, a leading Italian publishing company. Mr. Colao rejoined the Vodafone Group in 2006 as Deputy Chief Executive and Chief Executive, Europe and was appointed to the Vodafone Board. Mr. Colao has served as a director of Unilever since 2015. Qualifications: Mr. Colao provides the Board with a valuableglobal perspective on thetelecommunications industry, as well as extensive relatedoperational and capital allocation experience. He has unique insight intoVerizon’s wireless business as a result of his five-year tenure on the Verizon Wireless Board of Representatives when Verizon Wireless was still a joint venture between Vodafone and the Company. Other Public Company Boards: Unilever PLC and Unilever N.V.Laxman Narasimhan								Clarence Otis, Jr. (Lead Director)
		Independent Director since: 2011 2021   Age: 57 54   Committees: Audit Corporate Governance and Policy								Human Resources Independent Director since: 2006   Ms. HealeyAge: is the former Group President of The Procter & Gamble Company, one of the leading providers of branded consumer packaged goods. She served in this role from 2007 to 2015. During her tenure at Procter & Gamble beginning in 1990, Ms. Healey held a number of positions of responsibility, including Group President and advisor to the Chairman and CEO, Group President of North America and Group President for the Global Feminine and Health Care Sector. Ms. Healey has served as a director of Hilton Worldwide Holdings Inc. since 2017, PPG Industries, Inc. since 2016 and Target Corporation since 2015.65   Qualifications:Ms. Healey provides the BoardCommittees: Audit Finance Human Resources
Key skills and experience: •   Leadership: Insightful and strategic leader with valuablestrategic, branding, distribution and operatingwide experience on aglobal scale obtained over her32-year career inacross the consumer goods industry. Her deepsector and a proven track record in developing purpose-led brands, including as chief executive of Reckitt Benckiser Group Plc, a FTSE 12 listed British multinational global consumer health, hygiene and nutrition company. Credited with improving sales and profit while managing approximately $18 billion in revenue at businesses across 100 countries and 125,000 employees as CEO of PepsiCo’s Latin America, Europe and Sub-Saharan Africa operations. •   Consumer/B2B/retail: Provides valuable experience inmarketing and operations, including her 18thought leadership in complex global consumer-facing businesses as a result of a career approaching 30 years outsidein the space. Prior to joining Reckitt Benckiser and PepsiCo, spent 19 years at McKinsey & Company, focusing on its consumer, retail and technology practices in the United States, provides the Board with strategicAsia and operational leadership and critical insights intobrand building and consumer marketing trends globally.India.   •   Risk management: Developed significant risk management experience, including supply chain risk management experience, while piloting Reckitt Benckiser through the supply chain disruptions of the Other Public Company Boards:COVID-19 Hilton Worldwide Holdings Inc. PPG Industries, Inc. Target Corporation pandemic.

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Verizon 2022 Proxy Statement

Daniel Schulman								Rodney Slater
		Independent Director since: 2018   Age: 61 64   Committees: Human Resources (Chair)								Independent Director since: 2010   Mr.Age: 67 Committees: Corporate Governance and Policy Human Resources
Key skills and experience: •   SchulmanLeadershipis President: Successful and Chief Executive Officerdynamic leader in the fiercely competitive technology and e-commerce space with a proven track record of creating shareholder value through innovation and a focus on values at numerous companies, including PayPal, which has approximately 415 million active accounts across more than 200 markets, Priceline, and Virgin Mobile USA. •   Cybersecurity: Gained extensive cybersecurity and risk management experience as a director of Symantec Corporation, a global leader in cybersecurity, for nearly 20 years, including serving as the independent chairman for 6 years. •   Strategic planning: Spearheaded innovation and growth at start-ups and established companies, including Priceline, where he grew annual revenues from $20 million to nearly $1 billion over two years, Virgin Mobile USA, where he successfully built a pre-paid cellphone business, American Express, where he expanded global mobile and online payment services, and PayPal, where he has achieved significant revenue growth and stock price appreciation. •   Technology: Acquired significant expertise in mobile technology and digital innovation over a long career spanning the telecommunications, financial technology and e-commerce industries. Career highlights: •   PayPal Holdings, Inc., a leading online payments company. He has served in this role since 2015,company ¡   President and served asChief Executive Officer (2015-present) ¡   President andCEO-Designee of PayPal from 2014 to 2015. Prior to this, Mr. Schulman was (2014-2015) •   Group President of the Enterprise Group at American Express Company from 2010 to 2014. He was(2010-2014) •   President of the Prepaid Group at Sprint Nextel Corporation from 2009 to 2010 following its acquisition(2009-2010) •   Founding CEO of Virgin Mobile USA, Inc., where he was the company’s founding CEO beginning in 2001. Earlier in his career, Mr. Schulman was (2001-2009) •   President and CEO of Priceline Group, Inc., and held various positions of responsibility during an18-year career at AT&T, Inc., •   Various Executive Positions, including President of the Consumer Markets Division. He has served as a director of PayPal since 2015 and as a director and independent chairman of the board of Symantec Corporation since 2000 and 2013, respectively. He also served as a director of FLEX LTD. from 2009 to 2018.Division, at AT&T, Inc.   Qualifications:Mr. Schulman’s role as CEO of PayPal and as founding CEO of Virgin Mobile provide the Board with extensive experience inmobile technology and innovation, as well as critical perspectives onbusiness development and strategy. In addition, his leadership experience in thewireless and telecommunications sectors and cybersecurity arena provides the Board with critical industry perspectives on Verizon’s business, challenges and opportunities.Other public company boards:   Other Public Company Boards: PayPal Holdings, Inc. (since 2015) Symantec Corporation (2000-2019) FLEX LTD. (2009-2018)								Key skills and experience:   •   Leadership: Nationally recognized for innovative infrastructure development and forging strategic public and private partnerships. As U.S. Secretary of Transportation, oversaw national transportation policy, spearheaded several historic legislative measures, including record funding for surface transportation investment and aviation safety and security, promoted intermodal transportation systems and led effort to significantly expand high speed rail network. •   Regulatory/public policy: Brings a strategic, collaborative and result-oriented approach to oversight of regulatory and public policy issues developed over his long and accomplished career in both the public and private sectors. •   Risk management: Globally recognized advisor for reputational risk management, corporate compliance and emergency preparedness, having served as an independent monitor/advisor for Toyota, Takata and Fiat Chrysler as these companies worked through safety issues, and coordinated the Federal Highway Administration’s response to several major natural disasters. •   Strategic planning: Implemented a visionary strategic plan for the U.S. Department of Transportation to expand its focus on safety, mobility and access, economic development and trade, the environment and national security. Developed an innovative financing and contracting program at the Federal Highway Administration that produced significant operational and cost efficiencies. Career highlights: •   Partner, Squire Patton Boggs LLP, a law firm (2001 to present) •   U.S. Secretary of Transportation (1997-2001) •   Administrator, Federal Highway Administration (1993-1997) •   Various policy positions with the State of Arkansas Other public company boards: EVgo Inc. (since July 2021) Stagwell Inc. (since August 2021) Kansas City Southern (2001-2019) Transurban Group (2009-2018)