Verizon Communications Inc. (NYSE: VZ) said on Tuesday that Kyle Malady, executive vice president and CEO of the company’s business group, sold 1,100 ordinary shares at $50.06 apiece for a total of $55,066.
The transaction was executed under a Rule 10b5-1 trading plan adopted by Malady on May 18, 2026. According to the filing, Malady retains direct ownership of 108,766 Verizon shares and holds an additional 20,197 shares indirectly through a 401(k) plan.
Verizon’s stock has gained 29.6% year-to-date and trades about 3.1% below its 52-week high of $51.68. The company offers a dividend yield of 5.63% and has increased its payout for 21 consecutive years. Second-quarter results showed adjusted earnings of $1.30 per share, exceeding Wall Street’s $1.28 estimate, while revenue of $34.3 billion fell short of the $35.28 billion consensus.
Analysts have recently raised price targets on Verizon. Scotiabank lifted its target to $52.50, while Bernstein SocGen Group increased its target to $47.
