Form 4: Verizon Executive Anthony T. Skiadas Reports Changes in Beneficial Ownership

EVP and CFO of Verizon, Anthony T. Skiadas, reports acquisition of phantom stock units and adjustments to holdings in Verizon Communications Inc.

Summary

• Anthony T. Skiadas, EVP and CFO of Verizon Communications Inc., filed a Form 4 on November 12, 2024, reporting changes in beneficial ownership.
• The report indicates the acquisition of 130.599 units of phantom stock at a price of $11.57 on November 7, 2024.
• Skiadas's total holdings following the reported transaction include 111,670.256 shares of common stock held indirectly through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.
• Each share of phantom stock is the economic equivalent of one share of common stock and is settled in cash upon events established by the reporting person in accordance with the deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.

Future Outlook

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

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. The acquisition of phantom stock is a common form of deferred compensation.

Key Dates