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

Verizon's Executive Vice President and Chief Financial Officer, Anthony T. Skiadas, acquired 139.163 units of phantom stock at $12.44 per unit through a deferred compensation plan, increasing his indirect beneficial ownership to 125,343.598 units.

Summary

• Anthony T. Skiadas, Executive Vice President and Chief Financial Officer of Verizon Communications Inc., acquired 139.163 units of phantom stock on July 2, 2025.
• The acquisition was made at a price of $12.44 per unit.
• Following this transaction, Skiadas's indirect beneficial ownership of phantom stock stands at 125,343.598 units.
• Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash.
• The transaction was conducted pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged purchase or sale plan.
• The total beneficial ownership includes phantom stock acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock by a key executive, particularly under a pre-arranged plan, is generally viewed positively as it aligns executive interests with shareholder value and indicates confidence in the company's long-term prospects. It's a routine compensation disclosure rather than a major strategic announcement.

Positives

• The acquisition of phantom stock by a key executive like the CFO demonstrates continued alignment of management's interests with the company's performance.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned and systematic approach to equity acquisition, which can reduce concerns about opportunistic trading.
• The increase in phantom stock holdings, which are settled in cash and tied to common stock value, suggests confidence in the long-term value of Verizon's equity.

Negatives

• No direct negatives are apparent from this specific Form 4 filing, as it details an acquisition of phantom stock by an executive.

Risks

• No specific risks related to the company's operations or financial health are disclosed in this Form 4 filing.

Future Outlook

The filing does not provide specific forward-looking statements or guidance regarding Verizon's future financial performance or strategic direction, beyond the details of the phantom stock acquisition.

Industry Context

This Form 4 filing is a routine disclosure of an executive's equity transaction and does not provide broader insights into industry trends or competitive landscape. It reflects an internal compensation mechanism for a senior executive within the telecommunications sector.

Comparison to Industry Standards

• This document is a specific insider transaction filing and does not contain information suitable for comparison to industry-wide financial or operational benchmarks. It details an individual executive's compensation and equity holdings, which are typically unique to each company's compensation structure.

Stakeholder Impact

• Shareholders: The acquisition of phantom stock by the CFO aligns management's financial interests with shareholder value, potentially signaling confidence in the company's future performance.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• 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 Skiadas, CFO, Phantom Stock, Deferred Compensation, Insider Trading, SEC Form 4, Executive Compensation, Rule 10b5-1