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

Verizon's EVP and CFO, Anthony T. Skiadas, filed a Form 4 detailing 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 July 22, 2024.
• The report, filed as a Form 4 with the SEC, details the acquisition of phantom stock units and adjustments to holdings through a deferred compensation plan.
• Skiadas acquired 125.943 phantom stock units on July 18, 2024, with each unit representing the economic equivalent of one share of common stock, to be settled in cash upon pre-established events.
• His holdings also include phantom stock acquired through dividend reinvestment.
• Skiadas's total beneficially owned securities include 107,143.16 shares of common stock held indirectly through a deferred compensation plan.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reflects changes in ownership.

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.

Stakeholder Impact

• Shareholders can monitor insider transactions to gain insights into management's perspective on the company's stock.

Key Dates