Form 4: Verizon CFO Anthony T. Skiadas Reports Changes in Beneficial Ownership
SEC Form 4
Verizon's CFO, Anthony T. Skiadas, filed a Form 4 detailing transactions involving restricted stock units and common stock.
Summary
- Anthony T. Skiadas, Verizon's EVP and CFO, reported changes in his beneficial ownership of Verizon Communications Inc. securities.
- The transactions included the vesting of restricted stock units (RSUs) and the subsequent disposition of shares to cover tax obligations.
- Skiadas acquired and disposed of common stock on March 1, 2024, due to the vesting of RSUs from 2021, 2022 and 2023 awards.
- He also acquired 84,578 restricted stock units from the 2024 award.
- Following these transactions, Skiadas directly owns 83,210 shares of common stock and indirectly owns 2,591 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, with no inherent positive or negative implications for the company's performance.
Positives
- The acquisition of 84,578 restricted stock units from the 2024 award indicates continued alignment of the CFO's interests with the company's long-term performance.
Future Outlook
The 2024 RSUs will vest in three equal annual installments beginning on March 1, 2025.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Beginning of vesting for 2021 Restricted Stock Units in three equal annual installments. |
| 03/01/2023 | Beginning of vesting for 2022 Restricted Stock Units in three equal annual installments. |
| 03/01/2024 | Date of transactions involving vesting of RSUs and disposition of shares; Beginning of vesting for 2023 Restricted Stock Units in three equal annual installments. |
| 03/01/2025 | Beginning of vesting for 2024 Restricted Stock Units in three equal annual installments. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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