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

Verizon Communications Inc.'s EVP and CFO, Anthony T. Skiadas, acquired 145.529 phantom stock units on June 18, 2025, through a deferred compensation plan, increasing his total indirect beneficial ownership to 125,204.435 units.

Summary

• Anthony T. Skiadas, Executive Vice President and Chief Financial Officer of Verizon Communications Inc. (VZ), acquired 145.529 phantom stock units.
• The transaction occurred on June 18, 2025.
• The phantom stock units were acquired at a price of $11.89 per unit.
• These phantom stock units are the economic equivalent of a portion of one share of common stock and are settled in cash.
• The acquired units represent an underlying amount of 42 shares of common stock.
• Following this acquisition, Mr. Skiadas indirectly beneficially owns a total of 125,204.435 phantom stock units through a deferred compensation plan.
• This total includes phantom stock units previously acquired through dividend reinvestment.
• The phantom stock units become payable upon events established by Mr. Skiadas in accordance with the deferred compensation plan.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The acquisition of phantom stock by a CFO is a routine compensation event, but it does show continued alignment of executive interests with company performance. It's not a direct investment of personal capital, but rather a form of deferred compensation.

Positives

• The acquisition of phantom stock units by a key executive (CFO) indicates continued alignment of management's interests with shareholder value, as phantom stock tracks the company's stock performance.
• The acquisition was part of a deferred compensation plan, suggesting a long-term commitment and investment by the executive in the company's future.

Negatives

• The transaction is an acquisition of phantom stock, which is settled in cash and does not involve direct ownership of common shares, thus not directly increasing the executive's equity stake in the company in the same way as direct stock purchases.

Risks

• The value of phantom stock units is tied to the performance of Verizon's common stock, meaning their value could decrease if the stock price declines.
• Phantom stock units are settled in cash, which means the executive does not directly participate in potential capital appreciation of the underlying shares through direct ownership.

Future Outlook

The document does not provide forward-looking statements or guidance regarding the company's future performance or strategic direction. It solely reports an executive's transaction of phantom stock units.

Industry Context

This Form 4 filing is a routine disclosure of an executive's equity compensation activity. It does not provide information that allows for a broader analysis of Verizon's position within the telecommunications industry or its competitive landscape. Executive compensation structures, including phantom stock plans, are common across various industries to align management incentives with company performance.

Comparison to Industry Standards

• This document reports a specific executive compensation transaction and does not contain information suitable for comparison to global benchmarks, comparable companies, projects, or results.
• The use of phantom stock as a compensation vehicle is a standard practice in many large corporations, including those in the telecommunications sector, to provide equity-linked incentives without direct share issuance.

Stakeholder Impact

• Shareholders: The transaction itself has minimal direct impact on shareholders as it involves phantom stock settled in cash, not direct share issuance or dilution. However, it signals continued executive alignment with company performance.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• The document does not specify any future actions, events, or milestones for the company. The phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan.

Key Dates

Keywords

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