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

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

Summary

• On March 18, 2024, Anthony T. Skiadas, EVP and CFO of Verizon Communications Inc., filed a Form 4 with the SEC.
• The filing reports changes in his beneficial ownership of Verizon securities.
• Skiadas acquired phantom stock (unitized) on March 14, 2024, with 133.11 units acquired at a price of $11.36 per unit.
• These phantom stock units are the economic equivalent of Verizon common stock and are settled in cash upon certain events.
• Skiadas's total beneficial ownership following the reported transaction includes 104,210.987 units of phantom stock held indirectly through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing. It doesn't indicate positive or negative sentiment, just a change in ownership.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the CFO's holdings of Verizon securities.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CFO's holdings in the company.

Key Dates