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VERIZON COMMUNICATIONS INC [VZ]

Reporting date: 10/09/2025

⚠️ Neutral Insider Buy Detected

📝 What Happened

  • Insider: Anthony T. Skiadas; Joseph J. Russo; Vandana Venkatesh; Sowmyanarayan Sampath; Samantha Hammock; Kyle Malady; Mary-Lee Stillwell; Hans Erik Vestberg
  • Role: Various executive officers and one director (EVP & CFO; EVP & Pres–Global Networks & Tech; EVP–PubPol & Chief Legal Officer; EVP & Group CEO–VZ Consumer; EVP & Chief HR Officer; EVP & Group CEO–VZ Business; SVP & Controller; Director)
  • Company: VERIZON COMMUNICATIONS INC (VZ)
  • Transaction Date(s): 2025-10-09
  • Table I (Non-Derivative Securities)
    • Sale : 1,029.507
    • Average Sale Price: $11.66
    • Total Value: ~$12,004.05
    • Post-Transaction Direct Holdings: Varies by insider — examples: Skiadas: 128,300.921 (indirect); Russo: 67,569.262 (indirect); Vestberg: 199,480.271 (indirect)
    • Indirect Holdings: Yes — holdings reported as "By Deferred Compensation Plan" (indirect)
    • 10b5-1 Plan Used? No

📄 Summary

Anthony T. Skiadas, Joseph J. Russo, Vandana Venkatesh, Sowmyanarayan Sampath, Samantha Hammock, Kyle Malady, Mary-Lee Stillwell and Hans Erik Vestberg, various executives/director at VERIZON COMMUNICATIONS INC (VZ), acquired a combined 1,029.507 phantom stock units on October 9, 2025, at an average price of $11.66, realizing a combined notional value of about ~$12,004.05. After the transactions they retain indirect holdings through deferred compensation plans — examples: Skiadas: 128,300.921 (indirect); Russo: 67,569.262 (indirect); Vestberg: 199,480.271 (indirect) (other insiders likewise report indirect holdings). For retail traders, this is a neutral event: routine deferred-compensation crediting, not an open-market buy or sale signaling material conviction.

🔑 Interpretation

  • Type: Comp-related — the transactions are acquisitions under a deferred compensation (phantom stock) plan (transaction code A).
  • Disposition: Shares/units were acquired (credited) into deferred-compensation accounts rather than sold on the open market.
  • Size Context: The aggregate notional value (~$12k) is modest across eight insiders; individual grants are small relative to each reporting person's overall indirect holdings (post-transaction indirect holdings run into tens/hundreds of thousands of units for several officers), so this reads as routine crediting rather than opportunistic profit-taking.
  • ATH Metric: The filing does not include market-price history; using a recent reference price (yesterday's close, not contained in the filing) would be required to compare to historical all‑time highs/lows. Based on the nature and small cash value of these phantom-unit credits, the timing does not appear opportunistic relative to ATH/ATL levels and is unlikely tied to a market high or low.
  • Outlier Check: Not an outlier — amounts are small and consistent with periodic deferred-compensation unit credits; nothing unusually large compared to typical executive compensation events reported as phantom stock grants.

📊 Bullish or Bearish?

Neutral

Neutral. The filings show net acquisitions (code A) but they are phantom‑stock credits under deferred‑compensation plans — a compensation accounting event rather than open‑market purchases; therefore they carry limited informational value about executives' market conviction. Data completeness is high for the filings themselves, but these transactions do not reveal discretionary buying or selling intent.

✅ Bottom Line (Retail Takeaway)

This cluster of filings appears to reflect routine deferred‑compensation credits, not actionable insider conviction. For retail traders, it’s noise rather than a tradeable signal — not worth short-/mid-term action unless corroborated by concentrated open‑market buys or coordinated sales from multiple senior insiders.