Verizon CFO Reports 139.915 Phantom Stock Units; Holdings 128,152.434

Rhea-AI Filing Summary

Anthony T. Skiadas, EVP and CFO of Verizon Communications Inc. (VZ), reported a Form 4 disclosing a transaction on 09/25/2025. The filing shows acquisition of 139.915 unitized phantom stock on that date at a stated price of $12.37 per unit. The reported holdings following the transaction total 128,152.434 (reported as indirect ownership) through a deferred compensation plan. The filing explains each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash, and that these units may be payable on events the reporting person establishes under the plan. The Form 4 was signed by an attorney-in-fact on 09/26/2025.

Insights

Financial Analyst

TL;DR: Routine insider acquisition via deferred compensation; limited market impact.

The Form 4 reports a non-derivative acquisition of 139.915 unitized phantom stock units by Verizon CFO Anthony Skiadas on 09/25/2025 at $12.37 per unit, increasing indirect holdings to 128,152.434 units held through the company deferred compensation plan. These phantom units are cash-settled and represent economic exposure rather than immediate equity dilution. From a financial perspective this is a compensation-related transaction and does not change outstanding common shares or immediately affect free float or cash flow beyond plan obligations.

Corporate Governance Expert

TL;DR: Compensation-plan settlement disclosed; governance transparency meets Section 16 reporting requirements.

The filing provides required disclosure of a senior executive's compensation election under a deferred compensation arrangement. The units are reported as indirect ownership and include dividend reinvestment per the explanation. The Form 4 is consistent with standard governance practices for reporting deferred-compensation holdings and was executed by an attorney-in-fact. There is no indication of policy breaches or unusual timing in the disclosure.

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
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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).

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)
09/25/2025

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)	09/25/2025		A		139.915		(1)	(1)	Common Stock	40	$12.37	128,152.434(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	09/26/2025
	** 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.

FAQ

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

The filing reports acquisition of 139.915 unitized phantom stock on 09/25/2025 at a stated price of $12.37 per unit.

How many phantom stock units does Skiadas beneficially own after the transaction?

The Form 4 reports 128,152.434 units beneficially owned following the reported transaction, held indirectly via a deferred compensation plan.

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 one share of common stock and is settled in cash.

Was the Form 4 filed by the reporting person or an attorney?

The signature block shows the Form 4 was signed by Evgeniya Berezkina, Attorney-in-fact for Anthony T. Skiadas on 09/26/2025.

Does this Form 4 indicate any addition or reduction of common stock outstanding?

No. The filing discloses acquisition of phantom stock units under a deferred compensation plan and does not report issuance or disposition of Verizon common shares.