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

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

Rhea-AI Filing Summary

Verizon Communications Inc. executive Anthony T. Skiadas, EVP and CFO, reported an acquisition of phantom stock units through a deferred compensation plan. On 02/12/2026 he acquired 123.227 phantom stock (unitized) derivatives at a reference price of $14.11 per unit.

Following this transaction, he indirectly holds 133,879.671 phantom stock units through the deferred compensation plan. Each phantom stock unit represents the economic equivalent of a portion of one share of Verizon common stock, is settled in cash, and becomes payable upon events he established under the plan.

Positive

  • None.

Negative

  • None.

Insights

Routine deferred compensation grant with cash-settled phantom stock units.

The filing shows EVP and CFO Anthony T. Skiadas acquiring 123.227 phantom stock (unitized) derivatives at a reference price of $14.11 on 02/12/2026. These awards are part of a deferred compensation arrangement rather than open-market buying of common shares.

After the transaction, his indirect holdings in phantom stock total 133,879.671 units via a deferred compensation plan. Each unit is economically tied to a portion of a Verizon common share but is settled in cash, with payout timing governed by events he elected under the plan, including amounts accumulated through dividend reinvestment.

This type of non-transferable, cash-settled phantom equity is typically used to align executive pay with shareholder value without issuing additional shares. The impact on existing shareholders is limited because these units do not represent actual stock and are not directly dilutive.

Insider Skiadas Anthony T
Role EVP and CFO
Type Security Shares Price Value
Grant/Award Phantom Stock (unitized) 123.227 $14.11 $2K
Holdings After Transaction: Phantom Stock (unitized) — 133,879.671 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.
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)
02/12/2026
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) 02/12/2026 A 123.227 (1) (1) Common Stock 35 $14.11 133,879.671(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 02/17/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

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

Verizon reported EVP and CFO Anthony T. Skiadas acquiring 123.227 phantom stock units on 02/12/2026. These are cash-settled deferred compensation derivatives, not open-market purchases of common stock, and increase his indirect phantom holdings to 133,879.671 units.

What are the terms of the phantom stock units acquired by Verizon (VZ) CFO?

Each phantom stock unit is the economic equivalent of a portion of one Verizon common share and is settled in cash. The units become payable upon events established by Anthony T. Skiadas in accordance with the company’s deferred compensation plan.

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

After the reported transaction, Anthony T. Skiadas indirectly holds 133,879.671 phantom stock units. This total includes the 123.227 units acquired on 02/12/2026 and additional units accumulated through dividend reinvestment under the deferred compensation plan.

Is the Verizon (VZ) CFO’s phantom stock award dilutive to common shareholders?

The phantom stock units are cash-settled and represent only an economic equivalent of a portion of one common share. Because they are paid in cash rather than stock, they do not themselves constitute an issuance of additional Verizon common shares.

How is the Verizon (VZ) CFO’s phantom stock held and reported?

The phantom stock units are held indirectly through a deferred compensation plan, as indicated by the “I” ownership code and the description “By Deferred Compensation Plan.” The Form 4 classifies the transaction as an acquisition of derivative securities with code A.

Does the Verizon (VZ) Form 4 indicate dividend reinvestment in phantom stock?

Yes. The filing notes that the total phantom stock holdings include units acquired through dividend reinvestment. This means dividends attributable to the deferred compensation balance are reinvested into additional phantom stock units rather than paid in cash currently.