Executive compensation program highlights Our executive compensation
program reects Verizons commitment to industry-leading compensation and governance practices. The program is discussed in detail in the Compensation Discussion and Analysis beginning on page 26. Objectives Pay-for-performance Align
executives and shareholders interests Extensive focus on variable, incentive-based pay Attract, retain and motivate high-performing executives Base salary FFixed pay Governance leader 10% 90% Incentive-based pay 20% short-term incentives
70% long-term incentives Semi-annual shareholder outreach Shareholder approval policy for severance benets Signicant executive share ownership requirements NNo dened beneft pension or supplemental retirement benets Clawback policy Anti-hedging
policy No executive employment agreements Say-on-pay advisory vote every year No cash severance benets for the CEO Independent compensation consultant No tax gross-ups 2017 Compensation The summary below shows the 2017 compensation for each of our
named executive officers, as required to be reported in the Summary Compensation Table pursuant to U.S. Securities and Exchange Commission (SEC) rules. Please see the notes accompanying the Summary Compensation Table on page
46 for more information. Change in Pension Non-Equity Value and Nonqualified Stock Option Incentive Plan Deferred Compensation All Other Salary Bonus Awards Awards Compensation Earnings Compensation Total Name and principal position $ $ $ $ $ $ $ $
Lowell C. McAdam 00,000,000 0 00,000,000 0 0,000,000 000,000 000,000 00,000,000 Chairman and Chief Executive Officer Matthew D. Ellis 00,000,000 0 00,000,000 0 0,000,000 000,000 000,000 00,000,000 Executive Vice President and Chief Financial Officer
John G. Stratton 00,000,000 0 00,000,000 0 0,000,000 000,000 000,000 00,000,000 Executive Vice President and President Global Operations Hans E. Vestberg* 00,000,000 0 00,000,000 0 0,000,000 000,000 000,000 00,000,000 Executive Vice
President, President Global Networks and Chief Technology Officer Marni M. Walden** 00,000,000 0 00,000,000 0 0,000,000 000,000 000,000 00,000,000 Executive Vice President and President Global Media * Mr. Vestberg was hired as
Executive Vice President, President Global Networks and Chief Technology Officer effective April 3, 2017. ** Ms. Walden served as Executive Vice President and President Global Media until December 31, 2017. 1,600,000 12,000,062 TBD
73,949 543,570 TBD 742,308 3,750,088 TBD 2,998 107,724 TBD 942,308 10,987,566 TBD 80,190 204,837 TBD 807,497 7,500,069 TBD 0 234,047 TBD 942,308 4,750,035 TBD 43,510 195,819 TBD Ms. Walden left Verizon on February XX, 2018.