Form 4: Verizon Executive Anthony T. Skiadas Reports Acquisition of Phantom Stock
SEC Form 4 Filing
EVP and CFO of Verizon, Anthony T. Skiadas, reports acquiring phantom stock units equivalent to 123.37 shares of common stock through a deferred compensation plan.
Summary
- Anthony T. Skiadas, EVP and CFO of Verizon Communications Inc., filed a Form 4 on October 15, 2024, reporting a transaction involving phantom stock.
- On October 10, 2024, Skiadas acquired phantom stock units equivalent to 123.37 shares of common stock.
- These phantom stock units were acquired through a deferred compensation plan and are settled in cash.
- The reporting person's holdings include 109,629.8 shares of phantom stock, including those acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 10/10/2024 | Date of transaction: Acquisition of phantom stock. |
| 10/15/2024 | Date of Form 4 filing. |
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