Form 4: Verizon CFO Acquires Phantom Stock Units Through Deferred Compensation Plan

Verizon's EVP and CFO, Anthony T. Skiadas, acquired phantom stock units through a deferred compensation plan, as detailed in a recent SEC filing.

Summary

• Anthony T. Skiadas, the EVP and CFO of Verizon Communications Inc., acquired 133.155 units of phantom stock on January 30, 2025.
• These phantom stock units were acquired through a deferred compensation plan.
• Each phantom stock unit is equivalent to a portion of one share of common stock and will be settled in cash.
• The payout of these units will occur based on events established by Mr. Skiadas within the deferred compensation plan.
• The filing also notes that Mr. Skiadas holds 112,452.995 phantom stock units indirectly through the deferred compensation plan, which includes units acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally to slightly positive as it aligns executive interests with company performance.

Positives

• The acquisition of phantom stock units by the CFO demonstrates his continued alignment with the company's performance.
• The deferred compensation plan allows for long-term incentives for key executives.

Future Outlook

The phantom stock units will be settled in cash based on events established by the reporting person in accordance with the deferred compensation plan.

Industry Context

This type of transaction is common for executive compensation packages in publicly traded companies, aligning executive interests with shareholder value through equity-based incentives.

Comparison to Industry Standards

• Many large publicly traded companies, such as AT&T and T-Mobile, use similar deferred compensation plans and phantom stock units as part of their executive compensation packages.
• These plans are designed to incentivize long-term performance and align executive interests with shareholder value, which is a standard practice in the telecommunications industry.
• The specific terms and conditions of these plans can vary, but the general structure of using phantom stock settled in cash is a common approach.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the CFO's interests with the company's long-term performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

phantom stock, deferred compensation, executive compensation, SEC Form 4, Verizon, Anthony T. Skiadas, insider trading