Form 4: Verizon CFO Anthony T. Skiadas Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Verizon's CFO, Anthony T. Skiadas, reported acquiring phantom stock units equivalent to 132.264 shares of common stock through a deferred compensation plan on August 15, 2024.
Summary
- On August 15, 2024, Anthony T. Skiadas, the EVP and CFO of Verizon Communications Inc., acquired phantom stock units equivalent to 132.264 shares of common stock.
- The acquisition was made through a deferred compensation plan.
- Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash upon events established by the reporting person.
- Following the transaction, Skiadas beneficially owns 109,138.413 shares of common stock, including phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction related to executive compensation. It doesn't inherently convey 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 to ensure transparency in insider trading activities. This filing indicates changes in the beneficial ownership of Verizon's CFO, Anthony T. Skiadas.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of transaction: Anthony T. Skiadas acquired phantom stock. |
| 08/19/2024 | Date of report signature. |
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