Form 4: Verizon Executive Acquires Phantom Stock Units Through Deferred Compensation Plan

Verizon's EVP and CFO, Anthony T. Skiadas, acquired 137.063 phantom stock units through a deferred compensation plan.

Summary

• Anthony T. Skiadas, Executive Vice President and Chief Financial Officer of Verizon Communications Inc., acquired 137.063 phantom stock units on January 16, 2025.
• These phantom stock units were acquired through a deferred compensation plan.
• Each phantom stock unit is economically equivalent to a portion of one share of common stock and will be settled in cash.
• The phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan.
• The transaction also includes phantom stock acquired through dividend reinvestment.
• Following the transaction, Mr. Skiadas beneficially owns 112,319.84 phantom stock units indirectly through the deferred compensation plan.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally neutral to positive. It indicates alignment of interests between the executive and the company.

Positives

• The acquisition of phantom stock units aligns the executive's interests with the company's performance.
• The deferred compensation plan allows for tax-advantaged savings and investment.

Future Outlook

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

Industry Context

This type of transaction is common for executives at publicly traded companies as part of their compensation packages, aligning their interests with shareholders.

Comparison to Industry Standards

• Many large public companies, such as AT&T (T) and T-Mobile (TMUS), use similar deferred compensation plans and phantom stock or restricted stock units as part of their executive compensation packages.
• These plans are designed to incentivize long-term performance and align executive interests with shareholder value.
• The specific terms and conditions of these plans can vary, but the general structure of deferred compensation and equity-based awards is a common practice.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

phantom stock, deferred compensation, executive compensation, insider trading, Verizon, VZ, Anthony T. Skiadas