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

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

Summary

• Anthony T. Skiadas, EVP and CFO of Verizon Communications Inc., reported changes in his beneficial ownership of the company's securities on August 5, 2024.
• The report, filed as a Form 4 with the SEC, details the acquisition of phantom stock units on August 1, 2024.
• Skiadas acquired 129.656 phantom stock units at a price of $11.66 each.
• These phantom stock units are the economic equivalent of Verizon common stock and are settled in cash upon certain events.
• Following the reported transaction, Skiadas beneficially owns 109,006.149 shares of Verizon common stock indirectly through a deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which is neutral in sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in ownership and potential alignment of interests between management and shareholders.

Key Dates