Verizon CFO awarded phantom stock units

Skiadas Anthony T reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Skiadas Anthony T reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications EVP and CFO Anthony T. Skiadas reported a routine compensation-related transaction involving phantom stock units under a deferred compensation plan. He received an award of 129.025 phantom stock units, each economically tied to Verizon common stock and valued at $13.47 per unit for reporting purposes.

Following this grant, his indirect holdings in phantom stock held through the deferred compensation plan total 141,599.686 units. The filing notes that these phantom units are settled in cash rather than shares and become payable upon events he has established under the plan, and that the balance also reflects units accumulated through dividend reinvestment.

Insider Trade Summary

Grant/Award: 129.025 shares

Grant/Award 1 txn

Insider Skiadas Anthony T

Role EVP and CFO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized)	129.025	$13.47	$2K

Holdings After Transaction: Phantom Stock (unitized) — 141,599.686 contracts (Indirect, By Deferred Compensation Plan)

Footnotes (2)

1. F1. Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.
2. F2. Includes phantom stock acquired through dividend reinvestment.

Key Figures

Phantom stock units granted: 129.025 units Reporting price per phantom unit: $13.47 per unit Total phantom stock holdings: 141,599.686 units +2 more

5 metrics

Phantom stock units granted 129.025 units Grant under deferred compensation plan on April 23, 2026

Reporting price per phantom unit $13.47 per unit Value used for the April 23, 2026 award

Total phantom stock holdings 141,599.686 units Indirect holdings after the reported transaction

Underlying common stock equivalent 37 shares Underlying Verizon common stock referenced for this derivative entry

Conversion or exercise price $0.00 Phantom stock units under deferred compensation plan

Key Terms

Phantom Stock (unitized), Deferred Compensation Plan, dividend reinvestment, grant/award acquisition

4 terms

Phantom Stock (unitized) financial

"Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash."

Deferred Compensation Plan financial

"The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan."

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

dividend reinvestment financial

"Includes phantom stock acquired through dividend reinvestment."

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

grant/award acquisition financial

"transaction_action: grant/award acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Verizon (VZ) report for Anthony T. Skiadas?

Anthony T. Skiadas reported receiving 129.025 phantom stock units as a compensation-related award. These units are tied economically to Verizon common stock and are held indirectly through a deferred compensation plan, with settlement in cash under plan terms.

Is the Verizon (VZ) Form 4 for Anthony Skiadas a stock buy or sell?

The Form 4 shows a grant of phantom stock units, not an open-market buy or sell. It is categorized as a compensation-related acquisition under a deferred compensation plan, with no direct market transaction in Verizon common shares.

How many phantom stock units does Anthony Skiadas now hold at Verizon (VZ)?

After the reported grant, Anthony Skiadas indirectly holds 141,599.686 phantom stock units. These units track the value of Verizon common stock and are maintained within a deferred compensation plan, reflecting awards and dividend reinvestment over time.

What are phantom stock units in the Verizon (VZ) deferred compensation plan?

Phantom stock units are bookkeeping entries that mirror part of a Verizon common share’s value but settle in cash. Under the deferred compensation plan, they become payable upon specific events established by the reporting person, rather than delivering actual Verizon shares.

Does the Verizon (VZ) Form 4 indicate any use of a trading plan?

The provided disclosure for this Form 4 focuses on a grant of phantom stock units under a deferred compensation plan. It describes how these units are valued and paid, without referencing a Rule 10b5-1 trading plan or similar pre-arranged trading arrangement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/24/2026 - 02:31 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Skiadas Anthony T

(Last) (First) (Middle)

VERIZON COMMUNICATIONS INC.

1095 AVENUE OF THE AMERICAS

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
VERIZON COMMUNICATIONS INC [ VZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock (unitized)	(1)	04/23/2026		A		129.025		(1)	(1)	Common Stock	37	$13.47	141,599.686(2)	I	By Deferred Compensation Plan

Explanation of Responses:

1. Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.

2. Includes phantom stock acquired through dividend reinvestment.

Remarks:

	Evgeniya Berezkina, Attorney-in-fact for Anthony T. Skiadas	04/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)