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

Verizon's Executive Vice President and CFO, Anthony T. Skiadas, acquired 140.645 units of phantom stock on May 22, 2025, through a deferred compensation plan, increasing his total beneficial ownership to 124,918.809 units.

Summary

• Anthony T. Skiadas, Executive Vice President and Chief Financial Officer of Verizon Communications Inc. (VZ), acquired 140.645 units of phantom stock.
• The transaction occurred on May 22, 2025, and was filed on May 23, 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 were acquired at a price of $12.31 per unit.
• At the time of the transaction, the underlying common stock was valued at $40 per share.
• The acquisition was made indirectly through a deferred compensation plan.
• Following this transaction, Mr. Skiadas beneficially owns a total of 124,918.809 units of phantom stock.
• This total includes phantom stock units previously acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock by a key executive, particularly through a deferred compensation plan and dividend reinvestment, indicates continued alignment of management's interests with shareholder value and is a routine, positive aspect of executive compensation.

Positives

• The acquisition of phantom stock by a key executive like the EVP and CFO aligns management's financial interests with those of shareholders, as the value of these units is tied to the company's common stock performance.
• The increase in beneficial ownership by a senior executive demonstrates continued commitment to the company's long-term success.

Negatives

• NA

Risks

• NA

Future Outlook

The phantom stock units held by Mr. Skiadas will become payable upon events established by him in accordance with the terms of the deferred compensation plan.

Management Comments

• "Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash."
• "The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan."
• "Includes phantom stock acquired through dividend reinvestment."

Industry Context

This Form 4 filing details a standard executive compensation transaction, specifically the acquisition of phantom stock through a deferred compensation plan. Such filings are common across publicly traded companies, reflecting how executives accumulate equity-linked incentives. It does not provide specific insights into broader telecommunications industry trends or competitive dynamics beyond the internal compensation structure of Verizon.

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• The acquisition of phantom stock by the EVP and CFO through the company's deferred compensation plan represents a routine related-party transaction as part of executive remuneration.

Stakeholder Impact

• Shareholders: The increase in executive beneficial ownership, even through a compensation plan, can be viewed positively as it aligns management's financial interests with the long-term performance of the company's stock.

Next Steps

• Phantom stock units will become payable to Anthony T. Skiadas upon events established by him in accordance with the deferred compensation plan.

Key Dates

Keywords

Verizon, VZ, Anthony Skiadas, SEC Form 4, Insider Transaction, Phantom Stock, Deferred Compensation, Executive Compensation, Beneficial Ownership