Form 4: Verizon EVP and CFO Anthony T. Skiadas Reports Acquisition of Phantom Stock

Anthony T. Skiadas, EVP and CFO of Verizon Communications Inc., reported the acquisition of phantom stock units equivalent to 134.964 shares of common stock on April 25, 2024.

Summary

• On April 25, 2024, Anthony T. Skiadas, the EVP and CFO of Verizon Communications Inc., acquired phantom stock units.
• The acquisition involved 134.964 units of phantom stock, each equivalent to a portion of one share of common stock.
• These phantom stock units were acquired at a price of $11.2.
• Following the transaction, Skiadas beneficially owns 104,603.976 shares of common stock indirectly through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.
• The phantom stock is settled in cash and becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reflects a transaction by an executive.

Future Outlook

The phantom stock becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade in their company's stock. This provides transparency to the market.

Key Dates