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

Verizon's CFO, Anthony T. Skiadas, reported acquiring phantom stock units and holding common stock through a deferred compensation plan.

Summary

• On June 6, 2024, Anthony T. Skiadas, the EVP and CFO of Verizon Communications Inc., acquired 128.185 units of phantom stock.
• These phantom stock units are the economic equivalent of Verizon common stock and will be settled in cash upon certain events as per the deferred compensation plan.
• Skiadas also holds 106,756.756 shares of common stock indirectly through a deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and aligns their interests with those of the shareholders.

Comparison to Industry Standards

• Executive compensation packages often include phantom stock or similar equity-based incentives to align management's interests with shareholder value.
• Companies like AT&T and T-Mobile also utilize similar compensation strategies for their executives.
• The amount of phantom stock and common stock held by Mr. Skiadas is within the typical range for CFOs of large corporations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the executive's holdings in the company.
• It assures stakeholders that the CFO's interests are aligned with the company's performance.

Key Dates