Form 4: Verizon CFO Anthony T. Skiadas Reports Changes in Beneficial Ownership

Verizon's EVP and CFO, Anthony T. Skiadas, filed a Form 4 disclosing changes in his beneficial ownership of the company's securities.

Summary

• On December 19, 2024, Anthony T. Skiadas, EVP and CFO of Verizon Communications Inc., reported changes in his beneficial ownership.
• The filing indicates the acquisition of 132.526 units of phantom stock at a price of $11.41 per unit.
• Following the reported transaction, Skiadas beneficially owns 112,052.042 units of phantom stock 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 in accordance with the deferred compensation plan.
• The report was filed on December 20, 2024, by Brandon N. Egren, Attorney-in-fact for Anthony T. Skiadas.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies like Verizon.

Comparison to Industry Standards

• Executive compensation packages often include phantom stock or similar equity-based incentives to align management's interests with those of shareholders.
• Companies like AT&T and T-Mobile also utilize similar compensation strategies for their executives.
• The amount of phantom stock acquired and owned is within the typical range for executives at large corporations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates