Skiadas Anthony T 4

What Happened
Anthony T. Skiadas, Executive Vice President and Chief Financial Officer of Verizon Communications (VZ), was granted 123.227 units of phantom stock (derivative award) on February 12, 2026. The filing reports a per‑unit valuation of $14.11, for a notional value of approximately $1,739. This was an award under a deferred compensation plan (not an open‑market purchase or sale).

Key Details

• Transaction type: Award/Grant of phantom stock (derivative) reported as "A" on Form 4.
• Date: 2026-02-12; Filing date: 2026-02-17 (filed 5 days after the transaction; appears to be later than the typical 2 business‑day Form 4 deadline).
• Units granted: 123.227 phantom stock units at $14.11 per unit; total notional value ≈ $1,739.
• Settlement: Phantom shares are cash‑settled and represent the economic equivalent of common shares (per footnote). Payment is made upon events elected under the deferred compensation plan.
• Footnote detail: Includes phantom stock acquired through dividend reinvestment; units become payable per the reporting person’s deferred compensation elections.
• Shares owned after transaction: Not specified in the filing.

Context
Phantom stock awards are a form of deferred cash compensation that track the economic value of common shares but are settled in cash. Such awards are routine executive compensation and do not represent an outright purchase or sale of common stock.