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 through a deferred compensation plan.

Summary

• On May 9, 2024, Anthony T. Skiadas, EVP and CFO of Verizon Communications Inc., reported changes in beneficial ownership.
• Skiadas acquired 133.109 units of phantom stock through a deferred compensation plan at a price of $11.36 per unit.
• The reported transaction increased Skiadas' indirect beneficial ownership of Verizon common stock, including phantom stock acquired through dividend reinvestment, to 106,494.25 units.
• The phantom stock units are the economic equivalent of Verizon common stock and are settled in cash upon events established by the reporting person in accordance with the deferred compensation plan.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine regulatory filing detailing executive compensation.

Positives

• The acquisition of phantom stock through a deferred compensation plan aligns the executive's interests with the company's performance.
• Dividend reinvestment further increases the executive's stake in the company.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Key Dates