Form 4: Verizon Executive Anthony T. Skiadas Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP and CFO of Verizon, Anthony T. Skiadas, reports changes in beneficial ownership of company stock, including phantom stock acquisition.
Summary
- Anthony T. Skiadas, EVP and CFO of Verizon Communications Inc., filed a Form 4 to report changes in beneficial ownership.
- The report details the acquisition of phantom stock units equivalent to 2,182 shares of common stock at a price of $12.34, totaling 7,649.852 units.
- Skiadas's total holdings include 122,118.464 phantom stock units held indirectly through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.
- The transactions were reported as of February 27, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating neutral sentiment. It reflects routine transactions related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, and is typical for publicly traded companies like Verizon.
Comparison to Industry Standards
- Executive compensation packages often include phantom stock or similar instruments to align executive interests with shareholder value.
- The use of deferred compensation plans is a common practice among large corporations like Verizon, AT&T, and T-Mobile to provide tax-advantaged savings opportunities for executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date of the reported transaction (acquisition of phantom stock). |
| 02/28/2025 | Date of signature by Attorney-in-fact for Anthony T. Skiadas. |
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