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Verizon (VZ) CFO Anthony Skiadas granted phantom stock units in Form 4

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

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 compensation-related award of 129.363 phantom stock (unitized) units on May 7, 2026. The units were valued at $13.44 per unit and are held indirectly through a deferred compensation plan, not as open-market stock purchases.

Each phantom stock unit is the economic equivalent of a portion of one Verizon common share but is settled in cash rather than stock. After this award, Skiadas’ deferred compensation plan holds a total of 143,791.504 phantom stock units, which become payable upon events he established under the plan.

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) 129.363 $13.44 $2K
Holdings After Transaction: Phantom Stock (unitized) — 143,791.504 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 129.363 units Grant on May 7, 2026
Grant value per unit $13.44 per unit Phantom stock unit valuation
Phantom stock units after grant 143,791.504 units Total phantom stock units held via deferred compensation plan
Underlying common stock reference 37 shares Underlying common stock shares tied to this derivative record
Phantom Stock (unitized) financial
"Each share of phantom stock is the economic equivalent of a portion of one share"
Deferred Compensation Plan financial
"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.
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)
05/07/2026		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)05/07/2026A129.363 (1) (1)Common Stock37$13.44143,791.504(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. Skiadas05/11/2026
** 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 did Verizon (VZ) EVP and CFO Anthony Skiadas report in this Form 4?

Anthony Skiadas reported receiving 129.363 phantom stock units under a deferred compensation plan. These are cash-settled, compensation-related units economically tied to Verizon common stock, not an open-market stock purchase or sale of Verizon shares.

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

The filing shows no open-market buy or sell. Skiadas received a grant of 129.363 phantom stock units as compensation, held in a deferred compensation plan and settled in cash rather than in actual Verizon common stock.

How many phantom stock units does Anthony Skiadas hold after this Verizon (VZ) transaction?

After the grant, Skiadas’ deferred compensation plan holds 143,791.504 phantom stock units. These units mirror the value of Verizon common stock but pay out in cash upon specified events set under the deferred compensation plan.

What are phantom stock (unitized) awards in the Verizon (VZ) Form 4?

Phantom stock units are cash-settled awards that track the economic value of Verizon common stock. Each unit represents the economic equivalent of a portion of one share, including dividend reinvestment, but does not provide actual share ownership or voting rights.

How is the Verizon (VZ) phantom stock award to Anthony Skiadas structured?

The award grants 129.363 phantom stock units at $13.44 per unit, held indirectly through a deferred compensation plan. Units become payable in cash upon events that Skiadas established in line with the plan’s terms and dividend reinvestment features.