Verizon (NYSE: VZ) CFO awarded phantom stock units under deferred plan

Rhea-AI Filing Summary

Skiadas Anthony T reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications Executive Vice President and CFO Anthony T. Skiadas received a grant of 120.397 unitized phantom stock units on March 12, 2026 under a deferred compensation plan. Each phantom stock unit is economically tied to Verizon common stock but is settled in cash rather than shares.

Following this grant, Skiadas now indirectly holds 141,222.990 phantom stock units through the deferred compensation plan, including amounts accumulated via dividend reinvestment. This is a compensation-related, non‑market transaction and does not involve open-market buying or selling of Verizon stock.

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

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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)
03/12/2026

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)	03/12/2026		A		120.397		(1)	(1)	Common Stock	34	$14.44	141,222.99(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	03/13/2026
	** 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.

FAQ

What did Verizon (VZ) CFO Anthony Skiadas report in this Form 4?

Verizon CFO Anthony Skiadas reported receiving 120.397 unitized phantom stock units as a compensation grant. These units are tied economically to Verizon common stock and are held indirectly through a deferred compensation plan, rather than as directly owned Verizon shares.

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

No, the phantom stock grant is not an open-market purchase. It is a compensation-related award under a deferred compensation plan, settled in cash and not through actual Verizon shares, so it does not represent direct buying activity in the market.

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

After this grant, Anthony Skiadas holds 141,222.990 phantom stock units indirectly via the deferred compensation plan. This total includes both the newly awarded 120.397 units and prior phantom stock, including amounts accumulated through dividend reinvestment over time.

What does phantom stock mean in the context of Verizon (VZ)?

At Verizon, each phantom stock unit is the economic equivalent of a portion of one share of common stock but is settled in cash. The value tracks Verizon’s stock performance, and the units become payable upon events defined by the executive under the deferred compensation plan.

Does this Verizon (VZ) Form 4 indicate insider buying or selling of common stock?

This Form 4 does not show insider buying or selling of Verizon common stock. It records a grant of cash-settled phantom stock units under a deferred compensation arrangement, meaning no Verizon shares were bought or sold in the open market in this transaction.

When do the Verizon (VZ) CFO’s phantom stock units become payable?

The phantom stock units become payable upon events established by Anthony Skiadas in line with the deferred compensation plan. These events are set by the reporting person under plan rules and result in cash settlement based on the value of Verizon common stock.