Form 4: Verizon EVP Acquires Phantom Stock in Compensation Plan

Verizon's EVP & Chief HR Officer, Samantha Hammock, acquired 85.017 units of phantom stock through a deferred compensation plan.

Summary

• Samantha Hammock, Executive Vice President and Chief HR Officer of Verizon Communications Inc. (VZ), acquired 85.017 units of phantom stock.
• The transaction occurred on December 18, 2025, at a price of $11.54 per unit.
• The total value of the acquired phantom stock units is approximately $981.40.
• Following this transaction, Ms. Hammock beneficially owns 29,266.97 phantom stock units indirectly through a Deferred Compensation Plan.
• Phantom stock units are the economic equivalent of a portion of one share of common stock, settled in cash, and become payable upon events established by the reporting person in accordance with the deferred compensation plan.
• The acquisition was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the purchase or sale of equity securities.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock by a key executive, even as part of a deferred compensation plan, generally signals continued alignment of management interests with the company's long-term performance, which is a moderately positive indicator.

Positives

• The acquisition of phantom stock by a key executive, even as part of a deferred compensation plan, indicates continued alignment of management interests with the company's long-term performance.

Future Outlook

NA

Industry Context

This transaction reflects standard executive compensation practices involving deferred compensation plans and phantom stock, which are common mechanisms for aligning executive interests with long-term shareholder value without immediate equity issuance. Such plans are prevalent across large publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans and phantom stock awards are standard components of executive compensation packages across large publicly traded companies, including those in the telecommunications sector like AT&T or T-Mobile. These plans aim to retain key executives and align their financial interests with the company's long-term performance, similar to how other industry leaders structure their executive incentives.

Related Party Transactions

• Acquisition of 85.017 phantom stock units by Samantha Hammock, EVP & Chief HR Officer, through Verizon's Deferred Compensation Plan.

Stakeholder Impact

• Shareholders may view the insider acquisition as a positive signal of management confidence and alignment with the company's long-term performance.
• Employees are not directly impacted by this specific executive compensation transaction, but it reflects the company's overall executive remuneration structure.

Key Dates

Keywords

Verizon, VZ, insider transaction, phantom stock, executive compensation, deferred compensation, Form 4