Verizon (VZ) CFO Skiadas adds phantom stock via deferred compensation

Rhea-AI Filing Summary

Verizon Communications EVP and CFO Anthony T. Skiadas reported an indirect acquisition of phantom stock units through a company deferred compensation plan. On January 29, 2026, 152.942 phantom stock units were credited at $11.37 per unit, bringing his total to 131,737.019 units.

Each phantom stock unit is economically tied to Verizon common stock but is settled in cash rather than shares, and becomes payable upon events Mr. Skiadas has established under the deferred compensation plan. The total includes phantom stock accumulated through dividend reinvestment.

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)
01/29/2026

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)	01/29/2026		A		152.942		(1)	(1)	Common Stock	44	$11.37	131,737.019(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	01/30/2026
	** 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.
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FAQ

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

Verizon disclosed that EVP and CFO Anthony T. Skiadas indirectly acquired 152.942 phantom stock units on January 29, 2026. These units were credited under a deferred compensation plan and increased his total phantom stock holdings to 131,737.019 units linked economically to Verizon common stock.

What is the nature of the phantom stock reported by Verizon (VZ)?

The filing states each phantom stock unit is the economic equivalent of a portion of one Verizon common share and is settled in cash. The units do not deliver actual shares and become payable upon events Mr. Skiadas established within the company’s deferred compensation plan.

At what price were the Verizon (VZ) phantom stock units credited?

The 152.942 phantom stock units were credited at a price of $11.37 per unit. This price is used to determine the value of the units within the deferred compensation plan and reflects the basis for the additional economic exposure to Verizon common stock.

How many Verizon (VZ) phantom stock units does Anthony T. Skiadas now hold?

After the January 29, 2026 transaction, Anthony T. Skiadas beneficially owns 131,737.019 phantom stock units indirectly. This total, reported in the Form 4, includes units credited through routine awards as well as additional phantom stock accumulated via dividend reinvestment under the plan.

How are Verizon (VZ) phantom stock units under the deferred compensation plan settled?

According to the disclosure, each phantom stock unit is settled in cash rather than Verizon shares. Payment occurs upon specific events established by Mr. Skiadas in line with the deferred compensation plan’s terms, effectively providing cash-based value tied to Verizon’s common stock performance.

Is the Verizon (VZ) phantom stock held directly by Anthony T. Skiadas?

The Form 4 shows the phantom stock is held indirectly, labeled as “By Deferred Compensation Plan.” This means the units are credited within a company deferred compensation arrangement associated with Mr. Skiadas, rather than being directly held as Verizon common shares in a standard brokerage account.