Form 4: Verizon CFO Acquires Phantom Stock Units

Verizon's EVP and CFO, Anthony T. Skiadas, acquired 152.235 phantom stock units through a deferred compensation plan.

Summary

• Anthony T. Skiadas, Executive Vice President and Chief Financial Officer of Verizon Communications Inc. (VZ), acquired 152.235 phantom stock units.
• The transaction took place on November 6, 2025.
• These phantom stock units were acquired at a price of $11.37 per unit.
• The units are held indirectly through a deferred compensation plan.
• Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash.
• Following this acquisition, Skiadas beneficially owns a total of 130,834.148 phantom stock units, which includes units acquired through dividend reinvestment.

Sentiment

Score: 6

Explanation: A routine insider acquisition of phantom stock, part of a compensation plan, generally indicates executive alignment with company performance, which is mildly positive. No significant negative implications are present.

Positives

• The acquisition of phantom stock by a key executive like the CFO can signal confidence in the company's future performance and long-term value.
• The phantom stock is part of a deferred compensation plan, which aligns the executive's financial interests with the company's long-term success.

Risks

• The value of the phantom stock units is tied to the performance of Verizon's common stock, exposing the holder to market fluctuations.
• Phantom stock is settled in cash, meaning the executive does not gain direct voting rights or equity ownership in the company.

Future Outlook

This filing does not contain forward-looking statements or guidance from the company.

Industry Context

This Form 4 filing reports a routine insider transaction related to executive compensation within the telecommunications industry. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders may view the executive's acquisition of phantom stock as a positive signal of confidence in the company's future prospects.
• Employees are not directly impacted by this executive compensation transaction, which is a standard practice.

Next Steps

• The shares of phantom stock will become payable upon events established by the reporting person in accordance with the deferred compensation plan.

Key Dates

Recommendation

The filing reports a routine acquisition of phantom stock by a key executive as part of a deferred compensation plan. While it indicates executive alignment with the company's long-term performance, it does not provide new fundamental information or significant catalysts to warrant a change from a 'hold' position. Investors should consider broader company financials and market conditions.

Keywords

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