Verizon (VZ) CFO Anthony Skiadas converts RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Verizon Communications EVP and CFO Anthony T. Skiadas reported equity award activity involving restricted stock units and common shares. On February 27, 2026, he exercised or converted RSUs from his 2023, 2024, and 2025 awards into Verizon common stock, consistent with his compensation program.
These derivative exercises delivered multiple blocks of common shares at a price of $0.00 per share, while several tax-withholding dispositions occurred at $50.14 per share to cover associated obligations. After these transactions, Skiadas directly held 209,387 Verizon common shares and indirectly held 2,945 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
97,259 shares exercised/converted
Mixed
10 txns
Insider
Skiadas Anthony T
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units - 2023 Award | 36,234 | $0.00 | -- |
| Exercise | Restricted Stock Units - 2024 Award | 32,104 | $0.00 | -- |
| Exercise | Restricted Stock Units - 2025 Award | 28,921 | $0.00 | -- |
| Exercise | Common Stock | 36,234 | $0.00 | -- |
| Tax Withholding | Common Stock | 17,683 | $50.14 | $887K |
| Exercise | Common Stock | 32,104 | $0.00 | -- |
| Tax Withholding | Common Stock | 15,667 | $50.14 | $786K |
| Exercise | Common Stock | 28,921 | $0.00 | -- |
| Tax Withholding | Common Stock | 15,745 | $50.14 | $789K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units - 2023 Award — 0 shares (Direct);
Restricted Stock Units - 2024 Award — 32,104 shares (Direct);
Restricted Stock Units - 2025 Award — 57,841 shares (Direct);
Common Stock — 197,457 shares (Direct);
Common Stock — 2,945 shares (Indirect, By 401(k))
Footnotes (1)
- Each Restricted Stock Unit (RSU) represents the right to receive one share of common stock on the payment date with respect to the date that the RSU vests. Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2024. Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2025. Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2026.
FAQ
What did Verizon (VZ) CFO Anthony Skiadas report in this Form 4 filing?
Anthony T. Skiadas reported RSU-related transactions converting awards into Verizon common shares and share dispositions for tax withholding. These transactions reflect routine equity compensation activity rather than open-market buying or selling of Verizon stock.
What do the restricted stock unit (RSU) awards for Verizon (VZ) CFO represent?
Each restricted stock unit represents the right to receive one share of Verizon common stock on the payment date when the RSU vests. The footnotes state these RSUs vest in three equal annual installments beginning on March 1, 2024, 2025, and 2026, respectively.
Which types of transactions are shown in Anthony Skiadas’ Verizon (VZ) Form 4?
The Form 4 shows RSU derivative exercises or conversions coded M and tax-withholding dispositions coded F. The data classify these as acquisitions of common stock from awards and disposals solely to satisfy related tax or exercise obligations.
How many restricted stock units did the Verizon (VZ) CFO exercise or convert in this filing?
The filing shows derivative transactions in RSUs labeled 2023, 2024, and 2025 awards, with share amounts of 36,234, 32,104, and 28,921 units, respectively. Each unit corresponds to one share of Verizon common stock upon vesting and payment.