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

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

Summary

• Anthony T. Skiadas, EVP and CFO of Verizon Communications Inc., reported changes in his beneficial ownership of the company's securities.
• The report, filed on March 4, 2024, details transactions made on February 29, 2024.
• Skiadas acquired 273.656 units of phantom stock through a deferred compensation plan, with each unit equivalent to a share of common stock and settled in cash.
• The price of the phantom stock was $11.43 per unit.
• Following the reported transaction, Skiadas beneficially owns 104,077.877 units of phantom stock through a deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports changes in beneficial ownership.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in the CFO's holdings, which can be of interest to investors.

Key Dates