Form 4: Verizon Executive Anthony T. Skiadas Reports Changes in Beneficial Ownership
SEC Filing
EVP and CFO of Verizon, Anthony T. Skiadas, reports acquisition of phantom stock units through a deferred compensation plan.
Summary
- Anthony T. Skiadas, EVP and CFO of Verizon Communications Inc., filed a Form 4 on April 15, 2024, reporting changes in beneficial ownership.
- The report details the acquisition of 131.818 units of phantom stock on April 11, 2024, at a price of $11.47 per unit.
- These phantom stock units are the economic equivalent of Verizon common stock and will be settled in cash upon certain events as per the deferred compensation plan.
- Following the reported transaction, Skiadas beneficially owns 104,469.012 shares of common stock, including phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. This filing indicates ongoing participation in Verizon's deferred compensation plan.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 04/11/2024 | Date of phantom stock acquisition |
| 04/15/2024 | Date of Form 4 filing |
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