UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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Proxy Statement Pursuant to Section 14(a) of the Securities
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Preliminary Proxy Statement
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Definitive Proxy Statement
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Soliciting Material Pursuant to §240.14a-12
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VERIZON
COMMUNICATIONS INC.
(Name of
Registrant as Specified in Its Charter)
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Statement, if other than the Registrant)
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Just so you know The purpose of this website is to provide you with information about
Verizons 2017 annual meeting. Among other things, we discuss the meeting agenda, including the management and shareholder proposals. We also explain how you can vote. This website is not intended to be a substitute for reading Verizons
2017 Proxy Statement, which includes information required by the Securities and Exchange Commission. We encourage you to read our proxy statement in full before you vote! Continue >
verizon1 2017 Annual Meeting OurAnnual 47:14: Days Hours ft ee4g May 4,2017
8:30AM, I time Add to calendar I Dallas Marri Las Colinas 223 West Las Colinas Boulevard Irving, Texas 7 9 View on map > Vote > 19:55 Minutes Seconds I Download 2017 Proxy Download 2Ol6Annual Repod
When you think about the types of services our network can provide in 2017 and beyond,
Verizon will continue to cement expand our lead our competition. Our Chairman and CEO, Lowell McAdam v Attract executives 1 Incentivize strong performance v Deliver sustainable value creation I Managerisk Verizons
compensation program is designed to reinforce a results- oriented culture and inspire our leaders to grow shareholder value over the long term. and over Our Human Resources Committee Chair, Clarence Otis, Jr.
Our executive compensation program 2016 Variable vs. Fixed Pay Mix 2016 Short-Term Plan
Performance Measures Long-Term Plan Structure 90% Incentive-based pay 70% long-term incentives 20% short-term incentives 10% Fixed pay Base salary 45% Adjusted EPS 25% Free cash flow 25% Total revenue 5% Diversity and
sustainability 60% PSUs 213 eligible to vest based on relative TSR 1/3 eligible to vest based on cumulative free cash flow 40% RSUs eligible to vest based on continued employment through the three-year award cycle
Agenda and Voting Recommendations Download 2017 Proxy 0 Item 1 Election of Directors
The Board of Directors recommends that you vote for the election of these Director candidates.
Left to right Lowell C. McAdani Chairman and Chief Executive Officer, Verizon
Communications Inc. Shellye L Archambeau Chief Executive Officer. MetrlcStream, Inc. Rothiey E.Slater Partner. Squire Patton Boggs LLP Mark T. Bertolini Chairman and Chief Executive Officer, Aetna Inc. Kathryn A. Tesija Former Executive Vice
President and Chief Merchandising and Supply Chain Officer, Target Corporation GregoryG. Weaver Former Chairman and Chief Executive Officer, Deloitte & Touche LLP OItem 2 Ratification of auditors Richard L.Carrlón Chairman and Chief
Executive Officer, Popular, Inc. Melanie L. Healey Former Group President of The Proctor & Gamble Company Gregory D.Wasson Former President and Chief Executive Officer, Walgreens Boots Alliance, Inc. Clarence Otis, Jr. Former Chairman and
Chief Executive Officer, Darden Restaurants, Inc. M. Frances Keeth (Lead Dêector) Retired Executive Vice President, Royal Dutch Shell plc Karl-Ludwig Kley Former Chairman of the Executive Board and Chief Executive Officer. Merck KGaA The Board
of Directors recommends that you vote for ratification. We are asking shareholders to ratify the Audit Committees appointment of Ernst & Young LLP as Verizons independent registered public accounting firm for 2017. Information on fees
paid to Ernst & Young in 2016 and 2015 appears on page 25 of the proxy statement. OItem 3 Advisory vote to approve executive compensation The Board of Directors recommends that you vote for this proposal. We are asking shareholders to
approve, on an advisory basis, the compensation of our named executive officers as described in the sections titled Compensation Discussion and Analysis and Compensation Tables beginning on page 28 of the proxy statement.
OItem 4 Advisory vote on the frequency of future advisory votes to approve executive
compensation The Board of Directors recommends that you vote for conducting future advisory votes on executive compensation every year. We are asking shareholders to vote on whether future advisory votes on executive compensation should occur every
year, every two years or every three years, as described on page 65 of the proxy statement OItem 5 Approval of Verizons 2017 Long-Term Incentive Plan The Board of Directors recommends that you vote for this proposal. We are asking shareholders
to approve Verizons 2017 Long-Term Incentive Plan, as described beginning on page 66 of the proxy statement.
OItems 611 Shareholder proposals The Board of Directors recommends that you vote
against each of the shareholder proposals. Item 6 Item 9 Human Rights Committee Executive Compensation Clawback Page 78 of the proxy statement Policy Page 83 of the proxy statement Item 7 Report on Greenhouse Gas Item 10 Reduction Targets Stock
Retention Policy Page 79 of the proxy statement Page 84 of the proxy statement Item 8 Item 11 Special Shareowner Meetings Limit Matching Contributions for Page 81 of the pray statement Executives Page 87 of the proxy statement Vote >
Voting Registered shareholders Beneficial shareholders Vote> Vote> (you hold
shares in your own name or through (you hold shares through a bank, broker or the Verizon Savings Plan) Savings Plan other institution) shares must be voted before the close of business on May 1, 2017. To vote online, you will need to
enter your control number to ensure the security of your vote. You will find your control number on your Proxy Card, Notice of Internet Availability of Proxy Materials or Voting Instruction Form, or included in your email notification. )(
Video: Lowell McAdam Verizon continues to be the undisputed leader in network quality
and reliability across the United States. In 2016 the demand on our network grew by 47%. We also became the leader in 2016 around the next generation of technology called 5G or wireless fiber. What 5G does is delivers 100 times faster data downloads
than even 4G does today. So when you think about the types of services that our network can provide over 2017 and beyond, Verizon will cement and continue to expand our lead over our competition. During 2016 Verizon introduced a new architecture
around our fiber deployment, which we refer to as one fiber. The best example is occurring in Boston today where we are deploying $300 million of fiber over the next six years. We expect to see a lot of innovation, a lot of new products, a lot
of digital based businesses that will fuel the economy going forward. Moreover, in the best application is probably smart cities where you will have intelligent transportation systems, intelligent electrical and water grids, and a broad basis of one
gigabit broadband speeds to fuel the economy of Boston. All of these network investments set the stage for the networks required to build the Internet of Things. Were building scale and these connected solutions today. One example is our
global fleet business. Now that market expects to be $40 billion across the entire globe by 2020. In order to tap into that in the U.S. market initially and then build globally, we made a couple of key acquisitions in 2016. First Telogist and
then later Fleetmatics. Therefore, Verizon is now the number one company in the U.S. in telematics or connected transportation systems. We think that not only can we be a leader in transportation, but we can be the leader in the intelligent supply
chain system, which will access every part of the American economy. You hear a lot of talk today about the millennial customers - the Instagram and Snapchat generation. Well, that generation will account for 60% of the purchasing power in the United
States by 2020. Our goal is to use our world-class networks to deliver great experiences for customers and well continue to evolve those applications and our companys processes and policies to meet our customers wherever they are. The
digital advertising ecosystem is expected to be $90 billion globally by 2020. Were positioning ourselves to tap into that market not only in the U.S. but also across the globe. With Aol, 2016 has been a year of integrating and
understanding the model and those customers. Were very bullish and were seeing very good initial results, but we knew that if we could scale more rapidly, we could tap into that market in a more intelligent way. So, through the pending
acquisition of Yahoo, we would achieve 1.3 billion users in this digital area. We are looking forward to developing our capabilities, building our resources, making our networks stronger, faster and better, so that we continue to be the premier
company at delivering the promise of the digital world. END
Video: Clarence Otis, Jr. At Verizon the executive compensation program really supports
four objectives. The first is to attract and retain high performing executives. The second is to incentivize the achievement of strong, annual performance. Third, is to make sure that were able to deliver sustainable, long-term value creation.
And the fourth is to do all that while making sure that we manage and monitor risk appropriately. We believe its important to have a performance-based culture. And so our compensation program is designed to have a significant variable
component. As a result of that, base salary is only 10% of any executives total annual compensation opportunity. Our compensation plan has both a short-term and a long-term component. And as we think about the metrics
for the short-term plan, they really are designed to make sure that were able to achieve sustainable, profitable growth. And so the focus there is on earnings per share, revenue growth and free cash flow. We are committed to ensuring diversity
within the organization and to making sure that the suppliers that enjoy success with us are diverse as well. Were also committed to reducing the environmental impact of our operations. And a big part of that is using the solutions that
weve developed as an organization to reduce our carbon footprint. On the long-term metrics, total shareholder return is a measure thats important because our largest shareholders have told us thats how they think about making
investments in Verizon and other companies in their portfolio. Free cash flow we believe is important because its critical to making sure that were able to reinvest in our business, to make acquisitions as
appropriate, to pay down debt over time and to return capital to our shareholders in the form of dividends and through share repurchases. Verizon is asking shareholders to approve the 2017 long-term incentive plan primarily so that the company can
continue to make awards that are designed to be tax deductible. In addition, the current plan is scheduled to expire in 2019, so this new plan will have a new
10-year
term. Were not asking shareholders
to approve additional shares under the new plan. Substantively, the new plan is the same as the old. The only exception is that were adding an annual cap on stock awards to
non-employee
Directors.
Investors should know that the committee is very focused on something that we believe is critical to sustained shareholder value creation over time, and thats succession planning. And its succession planning not just for the CEO
position, but succession planning for the entire senior leadership team collectively, as a group. We think its critical because that is the single most important factor to making sure that we can sustainably, over a long period of time, create
shareholder value. END
From: Shareowner Services [mailto:employee.news@verizon.com] Sent: To: V Team
Shareowners Subject: Verizon stock? Learn how to vote your shares.
Home / Around VZ / Got stock? Vote your shares. / Page Preview On May 4, 2017,
Verizon will hold its annual meeting of shareholders in Irving, Texas. As an employee shareholder, during the week of March 20, 2017, you will begin to receive your annual meeting materials. The way you receive your annual meeting materials
will depend on the type of shareholder you are. Below is a brief description of each category. Verizon Savings Plan If you hold Verizon shares in the Verizon Savings Plan, you will be notified by email when the annual meeting materials are available
online. The email message (from tEl verizon Proxy Notice mailbox) will include instructions on how to access the Proxy Statement and Annual Report and how to: view the information conveniently Print materials easily Vote your shares electronically
Beneficial Shareholders If you are a beneficial shareholder (you own additional Verizon shares through a broker, including your Fidelity brokerage account), you will receive the annual meeting materials from your broker (in whatever form you elected
to receive them electronic or by mail). Building a connected world 2016 Mnuat Report You will need to vote your shares held through your broker separately from your Savings Plan shares. Be sure to follow the instructions you receive from your
broker on how to vote your shares. Registered Shareholders If you are a registered shareholder (you own additional Verizon shares registered in your name and held with our transfer agent, Computershare), you will be able to vote all of your
registered and Savings Plan shares at one time. If the name on your registered account differs from the name on your Savings Plan account, you will need to vote your accounts separately (and you may receive your annual meeting materials both
electronically and by mail). Be sure to follow the instructions you receive from computershare on how to vote your shares. Questions? If you have questions about the delivery of the annual meeting materials or how to vote your Verizon shares, please
send them to Shareowner Services, A :$ vertzon
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