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Verizon Communications (NYSE: VZ) CFO gains phantom stock units in deferred plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Verizon Communications Inc. EVP and CFO Anthony T. Skiadas reported an acquisition of 138.740 units of cash-settled phantom stock on July 16, 2026, credited under a deferred compensation plan at a reported value of $12.5300 per unit. Following this grant, including units acquired through dividend reinvestment, his indirect holdings in this plan total 144,469.9810 phantom stock units, each economically linked to Verizon common stock but settled in cash.

Positive

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Negative

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Insider Skiadas Anthony T
Role EVP and CFO
Type Security Shares Price Value
Grant/Award Phantom Stock (unitized) F1, F2 138.74 $12.53 $2K
Holdings After Transaction: Phantom Stock (unitized) — 144,469.981 shares (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.
Phantom stock units acquired 138.7400 units Grant, award, or other acquisition on July 16, 2026
Reported value per phantom unit $12.5300 per unit Value associated with the phantom stock acquisition, footnote-qualified
Total phantom units after transaction 144,469.9810 units Indirect holdings in deferred compensation plan following the acquisition
Underlying common stock reference 40.0000 shares Underlying Verizon common stock associated with the reported phantom stock derivative
Phantom Stock (unitized) financial
"security title: Phantom Stock (unitized) reported as a derivative holding"
deferred compensation plan financial
"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.
economic equivalent financial
"Each share of phantom stock is the economic equivalent of a portion of one share"

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

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FAQ

What insider transaction did Verizon (VZ) report for CFO Anthony T. Skiadas?
Verizon reported that EVP and CFO Anthony T. Skiadas acquired 138.740 units of cash-settled phantom stock on July 16, 2026. These derivative units were credited under a deferred compensation plan and are economically linked to Verizon common stock but paid out in cash.

How many phantom stock units does Verizon (VZ) CFO Anthony T. Skiadas now hold?
After the latest acquisition, Anthony T. Skiadas indirectly holds 144,469.9810 phantom stock units in a deferred compensation plan. This total includes units credited through dividend reinvestment, as noted in the filing’s footnotes.

What are the terms of the phantom stock reported for Verizon (VZ) CFO Skiadas?
Each unit of phantom stock is the economic equivalent of a portion of one Verizon common share and is settled in cash. The units become payable upon events established by Skiadas in accordance with the company’s deferred compensation plan.

Was the Verizon (VZ) CFO’s phantom stock transaction a market purchase or a plan credit?
The Form 4 describes the transaction as a grant, award, or other acquisition of phantom stock units under a deferred compensation plan. It is reported as a derivative award, not as an open-market stock purchase or sale.

How is the Verizon (VZ) CFO’s phantom stock held according to the Form 4?
The phantom stock units are reported as held indirectly by a Deferred Compensation Plan. The filing classifies ownership type as indirect and specifies the nature of ownership as “By Deferred Compensation Plan.”
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP and CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/16/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock (unitized)(1)07/16/2026A138.74 (1) (1)Common Stock40$12.53144,469.981(2)IBy 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. Skiadas07/17/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR