Form 4: Verizon CFO Acquires Phantom Stock

Verizon Communications Inc.'s EVP and CFO, Anthony T. Skiadas, acquired 139.915 units of phantom stock as part of a deferred compensation plan.

Summary

• Anthony T. Skiadas, Executive Vice President and Chief Financial Officer of Verizon Communications Inc. (VZ), reported an acquisition of phantom stock.
• The transaction involved the acquisition of 139.915 units of phantom stock on September 25, 2025.
• Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash.
• The phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan.
• The acquisition was made at a price of $12.37 per derivative security.
• Following this transaction, Anthony T. Skiadas beneficially owns 128,152.434 units of phantom stock.
• This total includes phantom stock previously acquired through dividend reinvestment.
• The ownership is indirect, held through a Deferred Compensation Plan.

Sentiment

Score: 6

Explanation: The filing reports a routine acquisition of phantom stock by a key executive as part of a deferred compensation plan. While not a discretionary open-market purchase, it indicates continued participation in the company's equity-linked compensation structure, which is a minor positive signal of alignment.

Positives

• The acquisition of phantom stock by a key executive, even as part of a compensation plan, can signal continued alignment of management interests with shareholder value.
• Participation in the deferred compensation plan demonstrates the executive's long-term commitment to the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minor positive signal due to management's continued participation in equity-linked compensation, aligning executive interests with shareholder value.

Key Dates

Keywords

Verizon, VZ, Anthony T. Skiadas, Phantom Stock, Insider Transaction, SEC Form 4, Deferred Compensation, Executive Compensation