[Form 4] Verizon Communications Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing for Verizon Communications (VZ) filed 08/01/2025: EVP & CFO Anthony T. Skiadas reported an automatic acquisition of 141.835 phantom-stock units on 07/31/2025 under the company’s deferred-compensation plan (transaction code “A”). Each phantom unit economically tracks a fraction of one share of Verizon common stock but is cash-settled and therefore does not involve an open-market purchase or sale of equity.

After the transaction, Skiadas now indirectly owns 125,633.487 phantom-stock units through the plan. No direct common-stock holdings, option exercises, or share disposals were disclosed.

The event is routine, compensation-related, and does not affect Verizon’s share count or signal a directional view on the stock.

Insights

Financial Analyst

TL;DR—Routine deferred-compensation grant; no equity market impact.

The transaction adds 141.835 phantom units to the CFO’s balance, taking it to 125.6 k units. Because phantom stock is settled in cash, there is no dilution, no insider share purchase signal, and no cash outflow from Verizon today. I view the disclosure as immaterial to valuation or liquidity; it simply records ongoing executive compensation accrual.

Corporate Governance Expert

TL;DR—Standard 10b5-1 compliant award; governance risk unchanged.

The filing indicates the grant was made under a plan designed to satisfy Rule 10b5-1(c), reflecting best-practice governance. No red flags: no discretionary timing, no option repricing, and proper indirect ownership classification. Impact on shareholders is neutral.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Skiadas Anthony T

(Last) (First) (Middle)

VERIZON COMMUNICATIONS INC.

1095 AVENUE OF THE AMERICAS

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VERIZON COMMUNICATIONS INC [ VZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock (unitized)	(1)	07/31/2025		A		141.835		(1)	(1)	Common Stock	40	$12.2	125,633.487(2)	I	By Deferred Compensation Plan

Explanation of Responses:

1. Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.

2. Includes phantom stock acquired through dividend reinvestment.

Remarks:

	Evgeniya Berezkina, Attorney-in-fact for Anthony T. Skiadas	08/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Verizon (VZ) disclose in the 08/01/2025 Form 4?

EVP & CFO Anthony T. Skiadas acquired 141.835 phantom-stock units on 07/31/2025 via the deferred-compensation plan.

How many phantom stock units does the Verizon CFO now hold?

After the reported transaction, Skiadas owns 125,633.487 phantom-stock units indirectly.

Are phantom stock units the same as Verizon common shares?

No. Phantom units are cash-settled instruments that mirror the value of Verizon shares but do not confer voting rights or issue new stock.

Does the filing show insider buying of VZ stock on the open market?

No. The acquisition is compensation-related and cash-settled; it does not involve open-market share purchases or sales.

Was the transaction executed under a Rule 10b5-1 plan?

Yes. The form is marked to indicate compliance with Rule 10b5-1(c) affirmative-defense conditions.