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

Verizon's EVP and CFO, Anthony T. Skiadas, acquired 130.735 units of phantom stock through a deferred compensation plan.

Summary

• Anthony T. Skiadas, Executive Vice President and Chief Financial Officer of Verizon Communications Inc., acquired 130.735 units of phantom stock on January 2, 2025.
• The phantom stock units were acquired through a deferred compensation plan.
• Each unit of phantom stock is economically equivalent to a portion of one share of common stock and will be settled in cash.
• The phantom stock becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.
• The reporting person also holds 112,182.777 units of phantom stock indirectly through the deferred compensation plan, which includes units acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral to positive. The acquisition of phantom stock may indicate confidence in the company's future performance.

Positives

• The acquisition of phantom stock units by a key executive may indicate confidence in the company's future performance.

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 filing is a routine disclosure of executive compensation and is common among publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include phantom stock or similar instruments to align executive interests with shareholder value.
• Deferred compensation plans are a common method for executives to defer income and potentially reduce tax liabilities.
• The use of phantom stock is a common practice among large publicly traded companies like Verizon, similar to compensation structures at AT&T and T-Mobile.

Stakeholder Impact

• The acquisition of phantom stock by a key executive may be viewed positively by shareholders as it aligns executive interests with company performance.

Key Dates

Keywords

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