Form 4: Verizon EVP Acquires Phantom Stock in Deferred Plan

Verizon's EVP & Chief HR Officer, Samantha Hammock, acquired 89.428 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 89.428 units of phantom stock.
• The transaction occurred on October 23, 2025.
• Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash.
• The phantom stock becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.
• Following this transaction, Ms. Hammock beneficially owns a total of 28,436.919 units of phantom stock indirectly through a deferred compensation plan.
• The total beneficial ownership amount includes phantom stock acquired through dividend reinvestment.

Sentiment

Score: 6

Explanation: Slightly positive as it indicates continued executive alignment and participation in the company's long-term incentive plans, which is a routine and expected part of executive compensation.

Positives

• Indicates continued participation and alignment of a key executive with the company's long-term performance through a deferred compensation plan.
• The acquisition of phantom stock through a deferred compensation plan is a common mechanism for executive retention and incentivization.

Future Outlook

The phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan.

Industry Context

This is a routine insider transaction related to executive compensation, common across publicly traded companies as part of their long-term incentive and deferred compensation programs.

Comparison to Industry Standards

• Executive deferred compensation plans involving phantom stock are standard practice in large corporations like Verizon, aligning executive interests with shareholder value over the long term. No specific comparable companies or projects are mentioned in the filing.

Stakeholder Impact

• Shareholders: Indicates continued alignment of executive interests with long-term company performance.
• Employees: No direct impact on general employees.

Next Steps

• Phantom stock units will become payable upon events established by the reporting person in accordance with the deferred compensation plan.

Key Dates

Recommendation

This Form 4 reports a routine executive compensation transaction (acquisition of phantom stock in a deferred plan) and does not provide sufficient new information to warrant a change in investment recommendation. It primarily confirms ongoing executive participation in long-term incentive programs.

Keywords

Verizon, VZ, Samantha Hammock, Phantom Stock, Deferred Compensation, Insider Transaction, Executive Compensation, SEC Form 4