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

Verizon's EVP and CFO, Anthony T. Skiadas, reported the acquisition of phantom stock units through a deferred compensation plan.

Summary

• Anthony T. Skiadas, Executive Vice President and Chief Financial Officer of Verizon Communications Inc., reported a transaction involving phantom stock units.
• The transaction occurred on December 5, 2024, and involved the acquisition of 124.553 phantom stock units.
• These phantom stock units are economically equivalent to a portion of one share of common stock and will be settled in cash.
• The phantom stock was acquired through a deferred compensation plan and includes units acquired through dividend reinvestment.
• The reporting person's beneficial ownership of phantom stock following the transaction is 111,919.516 units.

Sentiment

Score: 7

Explanation: The document is a routine SEC filing related to executive compensation. It is neither positive nor negative, but rather a standard disclosure. The sentiment is neutral to slightly positive due to the increase in executive holdings.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It provides transparency into the holdings of key executives.

Comparison to Industry Standards

• Executive compensation packages often include phantom stock or similar instruments, especially in large publicly traded companies like Verizon.
• The use of deferred compensation plans is a common practice to align executive interests with long-term company performance.
• The reporting of these transactions is mandated by the SEC to ensure transparency and prevent insider trading, which is a standard practice across all publicly listed companies.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is related to executive compensation.
• The disclosure provides transparency to stakeholders regarding executive holdings.

Key Dates

Keywords

phantom stock, deferred compensation, executive compensation, insider trading, Verizon, VZ, Anthony T. Skiadas