Lowell C. McAdam served as the CEO of Verizon Communications from 2011 to 2018, transitioning to Chairman of the Board after his tenure. With a background in engineering from UC Berkeley, his leadership has been critical in steering Verizon through...

Number of Employees

105.4K

Year

2018

Total Compensation

$14.28M

Salary

$1.66M

Board Justification

Verizon's compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and shareholder interests, while also focusing on retention and competitive market practices.

Bonus

$0.00

Board Justification

No cash bonus was awarded for 2018.

Other

$616.28K

Board Justification

Other compensation includes contributions to retirement plans, life insurance benefits, and other perquisites.

Restricted Stock

$12.00M(12M RSU)

Board Justification

The value of the stock awards that vested in 2018 includes Performance Stock Units (PSUs) and Restricted Stock Units (RSUs) that were granted in prior years and vested based on performance metrics and time-based vesting schedules.

Performance Metrics

The performance metrics for 2018 included adjusted earnings per share (EPS), free cash flow, total revenue, and diversity and sustainability targets.

SEC Filing

From March 18, 2019