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  4. [Form 4] VERIZON COMMUNICATIONS INC Insider Trading Activity

Verizon CFO reports 148.487 phantom stock units on Form 4

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

Rhea-AI Filing Summary

Insider Form 4 summary: An officer of Verizon Communications Inc. (VZ), Anthony T. Skiadas (EVP and CFO), reported a non‑derivative acquisition on 10/09/2025. The filing shows 148.487 units of phantom stock were acquired under a deferred compensation plan; each phantom share is the economic equivalent of a portion of one common share and is settled in cash. The filing links those phantom units to 42 underlying common shares at a price of $11.66. The reporting person’s indirect beneficial ownership after the transaction is listed as 128,300.921 (through the deferred compensation plan). The phantom units include amounts acquired via dividend reinvestment and become payable under events established in the plan.

Positive

  • Officer participation in deferred compensation plan through acquisition of 148.487 phantom units
  • Phantom units include dividend reinvestment, indicating continued plan accumulation

Negative

  • Cash settlement of phantom units means no new voting common shares were issued
  • Transaction provides limited liquidity/timing details—payouts occur upon plan events (no specific payout date disclosed)

Insights

TL;DR: CFO received cash‑settled phantom units under the deferred compensation plan on 10/09/2025.

The transaction records acquisition of 148.487 phantom stock units that are economically tied to Verizon common shares but are settled in cash. This means the award tracks share value without issuing additional voting shares, and the filing specifies the units became payable under the reporter’s deferred compensation elections.

Key operational dependencies include plan payout events and dividend reinvestment elections; monitor plan payment triggers and any future exercises or settlements that would change actual cash obligations or reported indirect ownership.

Insider Skiadas Anthony T
Role EVP and CFO
Type Security Shares Price Value
Grant/Award Phantom Stock (unitized) 148.487 $11.66 $2K
Holdings After Transaction: Phantom Stock (unitized) — 128,300.921 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.
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Form 4 Insider Transactions: What Each Field Means →
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 NY 10036
(City) (State) (Zip)
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
3. Date of Earliest Transaction (Month/Day/Year)
10/09/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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) 10/09/2025 A 148.487 (1) (1) Common Stock 42 $11.66 128,300.921(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 10/10/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Anthony T. Skiadas report on Form 4 for VZ?

He reported acquiring 148.487 phantom stock units under a deferred compensation plan on 10/09/2025, tied to 42 underlying common shares.

Are the phantom stock units settled in shares or cash?

The filing states each phantom stock unit is the economic equivalent of a portion of a common share and is settled in cash.

What price is shown in the Form 4 transaction?

The report lists $11.66 alongside the underlying common stock reference in the transaction table.

Does the Form 4 change voting share counts for VZ?

No. Because the units are cash‑settled, the transaction did not issue additional voting common shares.

How many total shares does the filing show as beneficially owned after the transaction?

The filing lists indirect beneficial ownership of 128,300.921 (through the deferred compensation plan) following the reported transaction.