Summary
This 8-K filing from Verizon Communications Inc. (VZ) primarily reports on a compensation adjustment for its Executive Vice President and Chief Financial Officer, Anthony T. Skiadas. Effective January 1, 2024, Mr. Skiadas's base salary has been increased, alongside a significant boost to his target long-term incentive opportunity. This change reflects the company's ongoing commitment to retaining and incentivizing key executive talent in a competitive market.
Key Highlights
- 1Executive compensation adjustment for CFO Anthony T. Skiadas approved on January 31, 2024.
- 2Base salary for Mr. Skiadas increased from $800,000 to $1,000,000, effective January 1, 2024.
- 3Target long-term incentive opportunity for Mr. Skiadas increased from $7,000,000 to $8,500,000.
- 4The Human Resources Committee of the Board of Directors approved these changes.
- 5This filing is primarily informational regarding executive compensation and does not indicate other significant operational or financial changes at this time.