Verizon CFO granted 121.911 phantom stock units

VERIZON COMMUNICATIONS INC (VZ) reported that EVP and CFO Anthony T. Skiadas received an award of 121.911 phantom stock (unitized) units on September 10, 2026 under a deferred compensation plan.

Rhea-AI Filing Summary

VERIZON COMMUNICATIONS INC (VZ) reported that EVP and CFO Anthony T. Skiadas received an award of 121.911 phantom stock (unitized) units on September 10, 2026 under a deferred compensation plan. These units are held indirectly through the plan, are cash-settled, and are economically tied to Verizon common stock, bringing his plan balance to 147,111.626 phantom units, including units acquired through dividend reinvestment. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 121.911 shares

Grant/Award 1 txn

Insider Skiadas Anthony T

Role EVP and CFO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized) F1, F2	121.911	$14.26	$2K

Holdings After Transaction: Phantom Stock (unitized) — 147,111.626 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: 121.911 units Reported phantom stock price reference: $14.26 per unit Total phantom stock units after transaction: 147,111.626 units +1 more

4 metrics

Phantom stock units granted 121.911 units Grant/award acquisition on September 10, 2026

Reported phantom stock price reference $14.26 per unit Price field for the September 10, 2026 phantom stock grant, subject to instrument footnote

Total phantom stock units after transaction 147,111.626 units Indirect holdings via deferred compensation plan following the September 10, 2026 grant

Underlying common stock 35 shares Underlying Verizon common stock linked to the reported phantom stock grant

Key Terms

Phantom stock, deferred compensation plan, dividend reinvestment

3 terms

Phantom stock financial

"Each share of phantom stock is the economic equivalent of a portion of one share"

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

deferred compensation plan financial

"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.

FAQ

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

What did Verizon (VZ) disclose about Anthony T. Skiadas’s latest equity-related award?

Verizon disclosed that EVP and CFO Anthony T. Skiadas received 121.911 phantom stock units on September 10, 2026, as a grant/award under a deferred compensation plan, increasing his indirect phantom stock holdings to 147,111.626 units.

What are the key terms of the phantom stock reported for Verizon’s CFO?

Each share of phantom stock is the economic equivalent of a portion of one share of Verizon common stock and is settled in cash. The phantom stock becomes payable upon events established by the reporting person under the deferred compensation plan.

How many underlying Verizon (VZ) common shares are tied to this phantom stock grant?

The reported phantom stock grant is tied to an underlying 35 shares of Verizon common stock, reflecting the economic linkage between the phantom units and Verizon’s common stock under the deferred compensation arrangement.

Is the Verizon CFO’s phantom stock award part of a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not checked, and no footnote states that the phantom stock acquisition was made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.

How are dividend reinvestments reflected in the Verizon CFO’s phantom stock holdings?

The total of 147,111.626 phantom stock units includes phantom stock acquired through dividend reinvestment, meaning dividends credited under the plan are reinvested into additional phantom stock units rather than paid out in cash.

Does this Verizon (VZ) Form 4 report a market purchase or sale of common stock?

No. The Form 4 reports a grant/award acquisition of phantom stock units under a deferred compensation plan, not an open-market purchase or sale of Verizon common stock. The phantom stock is cash-settled and represents an economic interest, not actual share ownership.

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

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Available on EDGAR 09/11/2026 - 02:59 PM Accepted by SEC EDGAR 09/11/2026 - 02:59 PM 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)
09/10/2026

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)	09/10/2026		A		121.911		(1)	(1)	Common Stock	35	$14.26	147,111.626(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	09/11/2026
	** 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)