The estimated Net Worth of Clarence Jr Otis is at least $1.67 Million dollars as of 9 December 2022. Mr. Otis owns over 9,000 units of Verizon Communications Inc stock worth over $1,312,160 and over the last 21 years he sold VZ stock worth over $0. In addition, he makes $361,167 as Lead Independent Director at Verizon Communications Inc.
Clarence has made over 13 trades of the Verizon Communications Inc stock since 2004, according to the Form 4 filled with the SEC. Most recently he bought 9,000 units of VZ stock worth $254,880 on 9 December 2022.
The largest trade he's ever made was exercising 205,000 units of Verizon Communications Inc stock on 27 March 2012 worth over $4,778,550. On average, Clarence trades about 2,706 units every 37 days since 2003. As of 9 December 2022 he still owns at least 29,958 units of Verizon Communications Inc stock.
You can see the complete history of Mr. Otis stock trades at the bottom of the page.
Clarence Otis Jr. serves as Lead Independent Director of Verizon Communications Inc., effective as of March 8, 2019. Mr. Otis is the former Chairman and Chief Executive Officer of Darden Restaurants, Inc., the largest company-owned and operated full-service restaurant company in the world. He served as CEO of Darden Restaurants from 2004 to 2014 and as Chairman from 2005 to 2014. After joining Darden in 1995 as Vice President and Treasurer, Mr. Otis served in a number of positions of responsibility, including Chief Financial Officer, Executive Vice President, and President of Smokey Bones Barbeque & Grill, a restaurant concept formerly owned and operated by Darden. Mr. Otis also served as a director of the Federal Reserve Bank of Atlanta from 2010 to 2015. He has served as a director of The Travelers Companies, Inc. since 2017 and VF Corporation since 2004. He has also been a director of 138 funds within the MFS Mutual Funds complex since 2017.Mr. Otis provides the Board with valuable insight into consumer services, retail operations and financial oversight. His experience over his 20 years at Darden Restaurants provides him with critical perspectives on operations, strategy and management of a complex organization and a large-scale workforce, and his board service at the Federal Reserve Bank of Atlanta and The Travelers Companies provides extensive risk management expertise.
As the Lead Independent Director of Verizon Communications Inc, the total compensation of Clarence Otis at Verizon Communications Inc is $361,167. There are 9 executives at Verizon Communications Inc getting paid more, with Hans Vestberg having the highest compensation of $18,095,400.
Clarence Otis is 64, he's been the Lead Independent Director of Verizon Communications Inc since 2019. There are 2 older and 22 younger executives at Verizon Communications Inc. The oldest executive at Verizon Communications Inc is Gregory Weaver, 68, who is the Independent Director.
Clarence's mailing address filed with the SEC is 1551 WEWATTA STREET, , DENVER, CO, 80202.
Over the last 11 years, insiders at Verizon Communications Inc have traded over $42,126,112 worth of Verizon Communications Inc stock and bought 38,639 units worth $2,046,371 . The most active insiders traders include Daniel H Schulman, Richard L Carrion, and Mark T Bertolini. On average, Verizon Communications Inc executives and independent directors trade stock every 17 days with the average trade being worth of $682,711. The most recent stock trade was executed by Vandana Venkatesh on 1 March 2024, trading 19,937 units of VZ stock currently worth $873,241.
Verizon Communications Inc., commonly known as Verizon, is a multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. The company is headquartered at 1095 Avenue of the Americas in Midtown Manhattan, New York City, but is incorporated in Delaware.
Verizon Communications Inc executives and other stock owners filed with the SEC include: