Form 4: Verizon CFO Anthony T. Skiadas Reports Acquisition of Phantom Stock

Verizon's EVP and CFO, Anthony T. Skiadas, reports acquiring phantom stock units equivalent to 120.823 shares of common stock on September 12, 2024.

Summary

• On September 12, 2024, Anthony T. Skiadas, EVP and CFO of Verizon Communications Inc., acquired 120.823 units of phantom stock.
• Each unit of phantom stock is economically equivalent to one share of Verizon's common stock and will be settled in cash upon certain events as per the deferred compensation plan.
• The price of the phantom stock was $12.51.
• Following the transaction, Skiadas beneficially owns 109,387.65 shares of Verizon common stock indirectly through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The phantom stock becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like the CFO, trade in their company's stock. This provides transparency to the market.

Key Dates