Form 4: Verizon CFO Anthony T. Skiadas Reports Changes in Beneficial Ownership
SEC Filing
Verizon's EVP and CFO, Anthony T. Skiadas, filed a Form 4 disclosing changes in his beneficial ownership of the company's securities, including phantom stock units.
Summary
- On October 24, 2024, Anthony T. Skiadas, the EVP and CFO of Verizon Communications Inc., reported changes in his beneficial ownership of the company's securities.
- The report, filed as a Form 4 with the SEC, details the acquisition of phantom stock units.
- Skiadas acquired 126.562 phantom stock units, each equivalent to a portion of one share of common stock and settled in cash.
- He also holds 109,756.362 phantom stock units indirectly through a deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock. It is common for executives to receive stock-based compensation, including phantom stock, as part of their overall remuneration packages.
Key Dates
| Date | Description |
|---|---|
| 10/24/2024 | Date of the earliest transaction reported (acquisition of phantom stock). |
| 10/28/2024 | Date of the signature on the Form 4 filing. |
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