Verizon variant is the 1st of the 3 models in the series (Verizon, AT&T & Unlocked) to get the update. The other 2 are expected to follow soon.
https://piunikaweb.com/2021/05/22/motorola-android-11-update/
https://piunikaweb.com/2021/05/22/motorola-android-11-update/