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Verizon (NYSE: VZ) CFO adds deferred phantom stock units

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

Rhea-AI Filing Summary

Verizon Communications Inc. executive vice president and CFO Anthony T. Skiadas reported an acquisition of phantom stock under a deferred compensation plan. He received 127.53 unitized phantom stock awards at $13.63 per unit, tied to 36 underlying shares of common stock. These phantom shares are economically equivalent to a portion of one common share, are settled in cash, and become payable upon events he established under the plan. Following this grant, his indirect holdings through the deferred compensation plan total 141,470.661 phantom stock units, including amounts acquired through dividend reinvestment.

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Insider Skiadas Anthony T
Role EVP and CFO
Type Security Shares Price Value
Grant/Award Phantom Stock (unitized) 127.53 $13.63 $2K
Holdings After Transaction: Phantom Stock (unitized) — 141,470.661 shares (Indirect, By Deferred Compensation Plan)
Footnotes (1)
  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. Includes phantom stock acquired through dividend reinvestment.
Phantom stock units granted 127.53 units Grant on 2026-04-09 under deferred compensation plan
Grant price per phantom unit $13.63 per unit Economic reference value for phantom stock award
Underlying common shares 36 shares Common stock underlying reported phantom stock grant
Total phantom units after transaction 141,470.661 units Indirect holdings via Verizon deferred compensation plan
Conversion or exercise price $0.00 Phantom stock units under deferred compensation plan
Phantom Stock (unitized) financial
"Each share of phantom stock is the economic equivalent of a portion of one share of common stock"
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.
grant/award acquisition financial
"transaction_action: grant/award acquisition"
Form 4 Insider Transactions: What Each Field Means →
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)
04/09/2026		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)04/09/2026A127.53 (1) (1)Common Stock36$13.63141,470.661(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. Skiadas04/10/2026
** 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

FAQ

What insider transaction did Verizon (VZ) CFO Anthony Skiadas report?

Verizon EVP and CFO Anthony T. Skiadas reported receiving 127.53 unitized phantom stock awards. The grant is held indirectly through a deferred compensation plan and represents cash-settled economic exposure linked to Verizon common stock rather than an open-market share purchase or sale.

How many phantom stock units does the Verizon (VZ) CFO hold after this filing?

After this transaction, Anthony T. Skiadas holds 141,470.661 phantom stock units indirectly through a deferred compensation plan. This total includes the new 127.53 units reported in the filing as well as additional phantom stock accumulated through dividend reinvestment over time.

What are Verizon (VZ) phantom stock (unitized) awards as described here?

Each Verizon phantom stock (unitized) award is the economic equivalent of a portion of one share of common stock. According to the filing, these phantom shares are settled in cash and become payable upon events established by the executive under the company’s deferred compensation plan.

Is the Verizon (VZ) CFO’s phantom stock grant an open-market stock purchase?

No. The filing classifies the transaction as a grant or award acquisition of phantom stock units under a deferred compensation plan. It is a compensation-related award, not an open-market purchase or sale of Verizon common stock on a stock exchange.

How many Verizon (VZ) common shares underlie the CFO’s new phantom stock grant?

The reported 127.53 phantom stock units are tied to 36 underlying shares of Verizon common stock. The filing explains that each phantom share reflects the economic value of a portion of a common share while remaining a cash-settled, plan-based compensation instrument.