Summary by Moomoo AI
On January 31, 2024, Verizon Communications Inc. announced a significant compensation increase for its Executive Vice President and Chief Financial Officer, Anthony T. Skiadas. The Human Resources Committee of Verizon's Board of Directors approved the raise, which took effect on January 1, 2024. Skiadas' base salary was increased from $800,000 to $1,000,000, and his target long-term incentive opportunity was raised from $7,000,000 to $8,500,000. This financial decision was disclosed in a Form 8-K filing with the United States Securities and Exchange Commission.