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

Verizon's CFO, Anthony T. Skiadas, filed a Form 4 detailing changes in his beneficial ownership of the company's stock, including phantom stock units acquired through a deferred compensation plan.

Summary

• Anthony T. Skiadas, the EVP and CFO of Verizon Communications Inc., reported changes in his beneficial ownership of Verizon stock on July 8, 2024.
• The report, filed as a Form 4 with the SEC, indicates transactions related to phantom stock units and common stock.
• Skiadas acquired phantom stock units through a deferred compensation plan, with each unit representing the economic equivalent of a portion of one share of common stock, settled in cash.
• The transaction date for the phantom stock acquisition was July 3, 2024, with a price of $11.73 per unit.
• He now beneficially owns 107,017.217 shares of common stock, including phantom stock acquired through dividend reinvestment.
• These shares are held indirectly through a deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

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.

Stakeholder Impact

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

Key Dates