I got Stock Together. Where do I see my grant?
Visit www.NetBenefits.com/Verizon to keep track of your Stock Together awards.
You will need to go to www.NetBenefits.com/Verizon to view your Stock Together award. You must activate your account once you receive your first grant. The terms and conditions of your Stock Together award are set forth in your Grant Notice, which you can access by logging into your Fidelity account.
I got Stock Together. What will I receive?
Eligible employees will receive an award of RSUs in a fixed dollar amount based on their job level, work location, and scheduled hours on the grant date. The award value for wireline associates is based on eligibility to participate in a Verizon pension plan.
The actual number of RSUs each employee will receive will be determined by dividing the employee’s fixed dollar amount by the closing price of a share of Verizon common stock on the grant date. For example, if your award amount is $2,000 and Verizon’s closing price on the grant date is $60.00, you will receive 34 RSUs – $2,000 / $60.00 = 33.333 units rounded up to the nearest whole unit = 34 RSUs. Eligible international employees will receive a cash bonus opportunity that will be based on and will track the value of RSUs.
The actual value of your payout depends upon the closing price of Verizon’s common stock on each of the vesting dates in year 1, year 2, and year 3, subject to any tax withholding obligations and legally required deductions.