Verizon (NYSE: VZ) CFO awarded phantom stock units under deferred plan - Stock Titan
π CFO Anthony T. Skiadas received a grant of 120.397 unitized phantom stock units on March 12, 2026.
π° The award is settled in cash and tied economically to Verizon common stock rather than direct share ownership.
π Skiadas now indirectly holds 141,222.990 total phantom units including prior holdings and dividend reinvestment.
βοΈ The transaction is a compensation grant under a deferred plan, not an open-market purchase or sale of shares.
ποΈ The filing was submitted pursuant to Section 16(a) of the Securities Exchange Act of 1934.
π Phantom units become payable upon events established by the executive according to the deferred compensation plan.
Bullish Signals
- The grant reflects continued alignment between executive compensation and shareholder value, as phantom units track stock performance.
- Skiadas holds a significant indirect position of over 141,000 units, demonstrating substantial long-term skin in the game.
- The use of deferred compensation plans provides executives with tax-deferred growth opportunities on their holdings.
Full Analysis
Verizon Communications Executive Vice President and CFO Anthony T. Skiadas received a grant of 120.397 unitized phantom stock units on March 12, 2026, under the company's deferred compensation plan. These units are economically tied to Verizon common stock but are settled in cash rather than actual shares, representing a non-market transaction distinct from open-market buying or selling.
Following this grant, Skiadas indirectly holds a total of 141,222.990 phantom stock units through the deferred compensation plan. This aggregate amount includes the newly awarded units as well as previously accumulated amounts via dividend reinvestment. The filing clarifies that these units become payable upon specific events established by the reporting person in accordance with the plan rules.
The Securities and Exchange Commission Form 4 filed by Skiadas confirms this compensation-related award rather than a change in beneficial ownership of common stock. Each phantom unit tracks the economic value of Verizon shares but settles as cash, ensuring the transaction does not impact the open market supply or demand for Verizon's actual equity.