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Verizon (VZ) CFO receives phantom stock grant under deferred compensation plan

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

Rhea-AI Filing Summary

Verizon Communications EVP and CFO Anthony T. Skiadas reported a compensation-related grant of phantom stock units. On this Form 4, he acquired 132.86 units of phantom stock, each economically linked to a portion of one share of Verizon common stock and settled in cash under a deferred compensation plan.

Following this award, his indirect holdings in phantom stock through the deferred compensation plan total 144,186.298 units, including amounts accumulated via dividend reinvestment. The filing also notes an underlying reference of 38 shares of common stock for this derivative position.

Positive

  • None.

Negative

  • None.
Insider Skiadas Anthony T
Role EVP and CFO
Type Security Shares Price Value
Grant/Award Phantom Stock (unitized) 132.86 $13.08 $2K
Holdings After Transaction: Phantom Stock (unitized) — 144,186.298 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 132.86 units Grant under deferred compensation plan on 2026-06-17
Phantom stock price equivalent $13.08 per unit Economic equivalent value per phantom stock unit
Total phantom units after grant 144,186.298 units Indirect holdings via deferred compensation plan after transaction
Underlying common stock reference 38 shares Underlying common stock shares tied to this derivative entry
Phantom Stock (unitized) financial
"security_title: "Phantom Stock (unitized)""
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.
economic equivalent financial
"Each share of phantom stock is the economic equivalent of a portion of one share"
settled in cash financial
"Each share of phantom stock ... is settled in cash."
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.
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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)
06/17/2026		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)06/17/2026A132.86 (1) (1)Common Stock38$13.08144,186.298(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. Skiadas06/18/2026
** 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 T. Skiadas reported receiving 132.86 phantom stock units as a grant under Verizon’s deferred compensation plan. These units are a cash-settled, stock-linked form of compensation rather than an open-market stock purchase or sale.

Is the Verizon (VZ) Form 4 transaction a stock purchase or sale?

The transaction is not a stock purchase or sale. It is a grant of phantom stock units, which are cash-settled and economically linked to Verizon common stock, reported as a compensation-related acquisition on the Form 4.

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

After this grant, Anthony Skiadas indirectly holds 144,186.298 phantom stock units through Verizon’s deferred compensation plan. This total includes units acquired from prior awards and additional units accumulated through dividend reinvestment over time.

What are phantom stock units in the context of Verizon (VZ)?

At Verizon, each phantom stock unit is the economic equivalent of a portion of one common share and is settled in cash. Payment occurs upon events established by the executive under the company’s deferred compensation plan, rather than through share delivery.

Does this Verizon (VZ) Form 4 indicate a change in insider sentiment?

The filing reflects a routine compensation-related grant of phantom stock units, not an open-market trade. Because it is a scheduled award under a deferred compensation plan, it provides limited insight into discretionary insider buying or selling sentiment.