Verizon evp and group ceo Kyle Malady sells $51,040 in stock

Kyle Malady, Executive Vice President and Group CEO of Verizon Business, sold 1,100 shares of Verizon Communications Inc. (NYSE:VZ) common stock on September 29, 2026. The transaction totaled $51,040, with shares sold at a price of $46.4 each.

The sale was executed pursuant to a Rule 10b5-1 trading plan, which Mr. Malady adopted on May 18, 2026. Following this transaction, Mr. Malady directly holds 103,266 shares of Verizon common stock. The stock currently trades at $44.66, which InvestingPro data suggests is undervalued based on its Fair Value analysis, while offering investors a robust 6.34% dividend yield. He also indirectly owns 20,209 shares through a 401(k) plan. InvestingPro Tips highlight that Verizon has raised its dividend for 22 consecutive years and maintained payments for 43 years straight—one of 8+ exclusive tips available to subscribers. For deeper insights, investors can access VZ’s comprehensive Pro Research Report, available for this and 1,400+ other US equities.

In other recent news, Verizon Communications Inc. is set to release its earnings report on October 26, with analysts predicting a potential 3.5% stock movement based on options data. KeyBanc has reiterated a Sector Weight rating on Verizon, highlighting improvements in key performance indicators such as churn, account net additions, and average revenue per account. Meanwhile, Raymond James has maintained an Outperform rating with a $56.00 price target, adjusting its financial model to account for expected expenses related to the FIFA World Cup and seasonal marketing changes.

In a strategic move, Verizon has appointed Charles Phillips to its board of directors. Phillips, co-founder and managing partner of Recognize Partners LP, will participate in the compensation program for non-employee directors. Additionally, Verizon and T-Mobile have reached a settlement over lawsuits concerning advertisements about carrier switching savings, with both parties filing a stipulation of dismissal in Manhattan federal court. These developments reflect ongoing adjustments and strategic decisions within Verizon.