Skiadas Anthony T 4

What Happened Anthony T. Skiadas, Executive VP and Chief Financial Officer of Verizon (VZ), had restricted stock units (RSUs) convert to common stock on Feb 27, 2026. A total of 97,259 RSUs were converted into shares (three separate conversions of 36,234 / 32,104 / 28,921). To satisfy tax withholding obligations, 49,095 of those shares were disposed (withheld/sold) at $50.14 per share, producing proceeds of $2,461,623. The remaining 48,164 shares were delivered to Skiadas (net of withholding).

Key Details

• Transaction date: 2026-02-27; filing date: 2026-03-03 (appears to be one business day late vs. the typical 2-business-day Form 4 deadline).
• Conversions (code M): 36,234; 32,104; 28,921 RSUs → converted into common stock (no per-share price applicable).
• Tax withholding/disposed (code F): 17,683; 15,667; 15,745 shares sold/withheld at $50.14 each for total proceeds of $886,626; $785,543; $789,454 (aggregate $2,461,623).
• Net new shares retained by Skiadas after withholding: 48,164 (97,259 converted − 49,095 withheld).
• Shares owned after the transaction: not disclosed in the filing.
• Footnotes: F1–F4 indicate these were RSUs (one RSU = one share at payment) and that the RSUs vest in three equal annual installments with start dates March 1, 2024 / 2025 / 2026 depending on the grant.

Context

• This was a conversion of RSUs (derivative securities) and routine withholding to cover tax liabilities, not an open-market sale for investment purposes. Code M = exercise/conversion of derivative; code F = payment of exercise price or tax liability via share disposition.
• Such tax-withholding disposals are common when equity awards vest and do not necessarily signal insider buying or selling intent.