Verizon Communications (VZ) CFO acquires 126 phantom stock units via deferred plan

Rhea-AI Filing Summary

VERIZON COMMUNICATIONS INC EVP and CFO Anthony T. Skiadas reported an indirect acquisition of derivative securities in the form of 126.310 units of phantom stock (unitized) on 2026-08-13. These units, held through a Deferred Compensation Plan, are economically linked to common stock, settled in cash, and become payable upon events the reporting person established under the plan. Following this transaction, the Deferred Compensation Plan position totals 146,866.479 phantom stock units, including amounts acquired through dividend reinvestment.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Skiadas Anthony T

Role EVP and CFO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized) F1, F2	126.31	$13.76	$2K

Holdings After Transaction: Phantom Stock (unitized) — 146,866.479 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.

Key Figures

Phantom stock units acquired: 126.3100 units Reference value per phantom unit: $13.7600 per unit Phantom stock units after transaction: 146,866.4790 units +1 more

4 metrics

Phantom stock units acquired 126.3100 units Grant, award, or other acquisition on 2026-08-13

Reference value per phantom unit $13.7600 per unit Value associated with acquired phantom stock units

Phantom stock units after transaction 146,866.4790 units Total phantom stock position in Deferred Compensation Plan after acquisition

Underlying common stock shares 36.0000 shares Underlying security shares associated with the phantom stock derivative

Key Terms

Phantom Stock (unitized), Deferred Compensation Plan, dividend reinvestment

3 terms

Phantom Stock (unitized) financial

"Security reported as “Phantom Stock (unitized)” acquired by the executive"

Deferred Compensation Plan financial

"Nature of ownership listed as “By 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.

FAQ

What insider transaction did Verizon (VZ) report for Anthony T. Skiadas?

Anthony T. Skiadas, EVP and CFO, reported acquiring 126.310 phantom stock (unitized) units on 2026-08-13. These are held indirectly through a Deferred Compensation Plan and are economically tied to Verizon common stock but settled in cash.

How many phantom stock units does the Verizon (VZ) CFO hold after this Form 4?

After the reported transaction, the Deferred Compensation Plan position reflects 146,866.479 phantom stock units. This total includes phantom stock acquired through dividend reinvestment, as disclosed in the filing’s footnotes.

What is phantom stock in the context of Verizon (VZ) executive compensation?

Each unit of phantom stock is described as the economic equivalent of a portion of one Verizon common share and is settled in cash. Payment occurs upon events the executive establishes under the deferred compensation plan.

Is the Verizon (VZ) CFO’s phantom stock owned directly or indirectly?

The reported phantom stock is held indirectly, classified as “By Deferred Compensation Plan.” This means the position resides in a plan account associated with Anthony T. Skiadas rather than as directly held common shares.

Did the Verizon (VZ) Form 4 indicate any stock sales by the CFO?

No sales were reported. The Form 4 shows a single grant, award, or other acquisition (code A) of phantom stock units, with no sell transactions or dispositions disclosed in this filing.

How is the value of the Verizon (VZ) CFO’s phantom stock grant determined?

The transaction lists 126.310 phantom stock units at a reference value of $13.7600 per unit. A footnote clarifies that each unit represents the economic equivalent of a portion of one common share and is settled in cash under the plan.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/14/2026 - 04:18 PM Accepted by SEC EDGAR 08/14/2026 - 04:07 PM Learn about SEC filing dates

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 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			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)	08/13/2026		A		126.31		(1)	(1)	Common Stock	36	$13.76	146,866.479(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	08/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)