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 indicating changes in his beneficial ownership of Verizon Communications Inc. securities.
Summary
- Anthony T. Skiadas, EVP and CFO of Verizon Communications Inc., reported changes in beneficial ownership.
- The report, filed on June 24, 2024, covers transactions made on June 20, 2024.
- Skiadas acquired phantom stock (unitized) with a transaction code of 'A', amounting to 131.631 shares at a price of $11.48 per share.
- Following the reported transaction, Skiadas beneficially owns 106,888.387 shares of common stock indirectly through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company securities, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership of company stock by a key executive.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of transaction involving phantom stock acquisition. |
| 06/24/2024 | Date of Form 4 filing. |
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