Verizon CFO Acquires Phantom Stock via Deferred Compensation Plan

Executive Summary

On September 28, 2026, Verizon Communications Inc. ($VZ) filed a Form 4 on behalf of Anthony T. Skiadas, Executive Vice President and Chief Financial Officer. The filing reports the acquisition of 128.695 units of unitized phantom stock on September 24, 2026, at an acquisition price of $13.51 per unit under the company's Deferred Compensation Plan.

Transaction Breakdown

• Insider: Anthony T. Skiadas, EVP and CFO
• Security: Phantom Stock (unitized)
• Transaction Code: 'A' (Grant, award, or other acquisition)
• Volume: 128.695 units (underlying 37 shares of common stock)
• Price: $13.51 per unit
• Gross Value: ~$1,738.67
• Holdings Post-Transaction: 147,240.321 phantom stock units held indirectly through the Deferred Compensation Plan

Market & Trading Significance

This transaction represents an automatic or routine election under Verizon's executive deferred compensation framework rather than discretionary open-market buying. Due to the small dollar amount ($1,738.67) and the structural nature of phantom stock deferred compensation, this filing carries minimal sentiment impact and does not indicate directional open-market conviction.