[Form 4] Verizon Communications Insider Trading Activity

Rhea-AI Filing Summary

Form 4 insider activity summary

Verizon Communications (VZ) Executive Vice President & CFO Anthony T. Skiadas reported the acquisition of 139.163 phantom stock units on 02 July 2025 through the company’s deferred compensation plan at a reference price of $12.44 per unit. Phantom stock is cash-settled and represents the economic value—not actual ownership—of Verizon common shares; the transaction therefore involves no open-market purchase or sale of stock. After the credit, Skiadas indirectly holds 125,343.598 phantom units (by Deferred Compensation Plan), equal to the value of roughly 40 Verizon shares. The filing appears to be a routine deferral of compensation rather than a directional investment signal, and it does not alter his direct common-stock ownership.

Insights

Portfolio Manager

TL;DR — Routine deferred-comp accrual; neutral for share-price outlook.

The filing shows Verizon’s CFO electing to convert compensation into 139.163 additional phantom stock units, increasing his indirect balance to 125.3 K units. Because phantom stock is cash-settled and does not involve open-market buying or selling of common shares, it neither tightens float nor signals insider conviction in the equity. The dollar value (~$1.7 K) is immaterial relative to the executive’s existing exposure and Verizon’s $170 B market cap. Consequently, I classify the disclosure as administrative and non-impactful for investors.

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)
07/02/2025

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)	07/02/2025		A		139.163		(1)	(1)	Common Stock	40	$12.44	125,343.598(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	07/07/2025
	** 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 insider activity did Verizon (VZ) report on July 7 2025?

The Form 4 shows CFO Anthony Skiadas acquired 139.163 phantom stock units on July 2 2025 via the deferred compensation plan.

Did the Verizon CFO buy or sell common stock in the open market?

No. The transaction involves phantom stock, which is cash-settled; no Verizon shares were bought or sold.

How many phantom stock units does the CFO now hold?

After the transaction, Skiadas indirectly holds 125,343.598 phantom stock units in the plan.

What is phantom stock in Verizon’s deferred compensation plan?

Each phantom unit mirrors a portion of a Verizon share’s value and is paid out in cash upon retirement or other plan events, not converted to shares.