Verizon evp and group ceo Kyle Malady sells $51,040 in stock
Kyle Malady, Executive Vice President and Group CEO of Verizon Business, recently sold 1,100 shares of Verizon Communications Inc. stock on September 29, 2026, for a total of $51,040, with each share sold at $46.4. The transaction followed a Rule 10b5-1 trading plan adopted by Malady on May 18, 2026. Currently, he holds 103,266 shares directly, with an additional 20,209 shares held indirectly through a 401(k) plan.
The stock is currently valued at $44.66, which InvestingPro data suggests is undervalued, and offers a 6.34% dividend yield. Verizon has a history of raising dividends for 22 consecutive years and maintaining payments for 43 years straight. The company is also set to release its earnings report on October 26, with analysts predicting a 3.5% stock movement based on options data.
Verizon has recently appointed Charles Phillips to its board of directors and reached a settlement with T-Mobile concerning lawsuits over advertisements about carrier switching savings.
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