Form 4: Verizon CFO Anthony T. Skiadas Reports Stock Transactions

Anthony T. Skiadas, EVP and CFO of Verizon Communications Inc., reports transactions involving restricted stock units and common stock.

Summary

• Anthony T. Skiadas, the EVP and CFO of Verizon Communications Inc., filed a Form 4 detailing changes in beneficial ownership.
• The transactions involved the vesting of restricted stock units (RSUs) and the subsequent disposition of shares to cover tax obligations.
• On March 1, 2025, Skiadas vested 6,661 RSUs from the 2022 award, 33,990 RSUs from the 2023 award, and 30,116 RSUs from the 2024 award.
• Following the vesting of these RSUs, shares were disposed of to satisfy tax withholding requirements at a price of $43.1 per share.
• After these transactions, Skiadas directly owns 117,470 shares of Verizon common stock and indirectly owns 2,765 shares through a 401(k) plan.
• He also holds 60,234 restricted stock units from the 2024 award.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies like Verizon.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
• The vesting schedules and tax withholding practices are standard across many publicly traded companies.
• Comparable companies such as AT&T and T-Mobile also utilize RSUs as part of their executive compensation plans.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, as they primarily reflect internal compensation adjustments.
• Employees holding RSUs may be affected by the vesting schedules and tax implications.

Key Dates