| Schedule of Restricted and Performance Stock Unit Activity |
The following table summarizes Verizon’s Restricted Stock Unit and Performance Stock Unit activity: | | | | | | | | | | | | | | | | | | | | | | Restricted Stock Units | | Performance Stock Units | | (shares in thousands) | Equity Awards | | Liability Awards | | Equity Awards | Liability Awards | | Outstanding January 1, 2023 | 7,253 | | | 20,609 | | | 13,825 | | 416 | | | Granted | 13,047 | | | 17,441 | | | 2,537 | | 12 | | | Payments | (3,612) | | | (12,198) | | | (3,495) | | (121) | | | Cancelled/Forfeited | (836) | | | (2,366) | | | (693) | | (31) | | | | | | | | | | Outstanding December 31, 2023 | 15,852 | | | 23,486 | | | 12,174 | | 276 | | | Granted | 11,118 | | | 16,172 | | | (12) | | (46) | | | Payments | (6,439) | | | (12,393) | | | (2,175) | | (71) | | | Cancelled/Forfeited | (533) | | | (1,379) | | | (181) | | (1) | | | Outstanding December 31, 2024 | 19,998 | | | 25,886 | | | 9,806 | | 158 | | | Granted | 18,067 | | | 7,612 | | | 2,575 | | 16 | | | Payments | (9,554) | | | (13,001) | | | (2,298) | | (66) | | | Cancelled/Forfeited | (429) | | | (991) | | | (3,086) | | (64) | | | | | | | | | | Outstanding December 31, 2025 | 28,082 | | | 19,506 | | | 6,997 | | 44 | |
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