Anthony T. Skiadas, the Executive Vice President and Chief Financial Officer of Verizon Communications Inc., recently reported a transaction involving phantom stock. This filing, made on October 9, 2026, is significant as it highlights the company's ongoing strategies for executive compensation, particularly in the competitive telecommunications industry.
Background
Verizon Communications Inc. is a prominent player in the telecommunications sector, specifically classified under the SIC code for telephone communications (no radio telephone). The company is incorporated in Delaware and has its headquarters at 1095 Avenue of the Americas, New York, NY. Verizon trades under the ticker symbol VZ.
What the Filing Says
The filing indicates that on October 8, 2026, Skiadas acquired 131.364 units of phantom stock at a price of $13.23 per unit. Following this transaction, he holds a total of 147,371.685 shares, including those acquired through a deferred compensation plan. Each unit of phantom stock is equivalent to a portion of one share of common stock and is settled in cash upon certain events.
Impact
This transaction may affect various stakeholders, including Verizon’s shareholders and employees. By utilizing phantom stock, Verizon aims to align management's interests with those of its shareholders, potentially enhancing company performance and shareholder value.
What's Next
The filing does not say what happens next.