Form 4: Verizon CFO Anthony T. Skiadas Reports Phantom Stock Acquisition
SEC Filing (Form 4)
Verizon's EVP and CFO, Anthony T. Skiadas, reported acquiring phantom stock units equivalent to 128.074 shares of common stock through a deferred compensation plan.
Summary
- Anthony T. Skiadas, EVP and CFO of Verizon Communications Inc., filed a Form 4 with the SEC.
- The filing reports a transaction involving phantom stock units, which are the economic equivalent of Verizon common stock.
- On February 13, 2025, Skiadas acquired 128.074 phantom stock units at a price of $11.71 each.
- Following the reported transaction, Skiadas beneficially owns 114,468.612 shares of common stock indirectly through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.
- Skiadas has granted power of attorney to William L. Horton, Jr., Dana C. Kahney, Evgeniya Berezkina, and Meryl Friedman to execute and file reports regarding transactions in Verizon's equity securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 02/05/2025 | Date of Power of Attorney document |
| 02/13/2025 | Date of phantom stock acquisition |
| 02/14/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Verizon, Skiadas, Phantom Stock, SEC, Deferred Compensation, Beneficial Ownership, Power of Attorney
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