Form 4: Verizon Executive Anthony T. Skiadas Reports Acquisition of Phantom Stock

EVP and CFO of Verizon, Anthony T. Skiadas, reports acquiring phantom stock units equivalent to 57 shares of common stock at $12.47 each, through a deferred compensation plan.

Summary

• Anthony T. Skiadas, EVP and CFO of Verizon Communications Inc., filed a Form 4 on March 14, 2025, reporting a transaction.
• The transaction involved the acquisition of phantom stock units, each equivalent to a portion of one share of common stock, settled in cash.
• Skiadas acquired 199.859 phantom stock units at a price of $12.47 per unit, equivalent to 57 shares of common stock.
• Following the reported transaction, Skiadas beneficially owns 122,318.323 phantom stock units through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.
• The phantom stock becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.

Sentiment

Score: 5

Explanation: This is a neutral filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. This filing indicates participation in a deferred compensation plan, a common practice among executives.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units settled in cash and is part of executive compensation.

Key Dates