Form 4: Verizon Exec Boosts Phantom Stock Holdings

Verizon's EVP & Chief HR Officer, Samantha Hammock, acquired 87.948 phantom stock units through dividend reinvestment as part of a deferred compensation plan.

Summary

• Samantha Hammock, Executive Vice President and Chief HR Officer of Verizon Communications Inc. (VZ), acquired 87.948 phantom stock units.
• The transaction occurred on January 15, 2026, and was executed through dividend reinvestment within a deferred compensation plan.
• Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash.
• Following this acquisition, Samantha Hammock beneficially owns a total of 29,439.929 phantom stock units indirectly through the deferred compensation plan.
• The price of the derivative security (phantom stock unit) for this transaction was $11.24.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as an executive's acquisition of company equity, even phantom stock through dividend reinvestment, generally signals continued alignment with the company's long-term performance and shareholder interests. It is a routine, non-discretionary transaction, so the positive impact is not significant.

Positives

• The acquisition of phantom stock by an executive, even through dividend reinvestment, aligns the executive's interests with those of shareholders.
• Participation in a deferred compensation plan demonstrates a long-term commitment to the company's performance.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

Executive compensation plans, including deferred compensation and phantom stock awards, are common practices across various industries, particularly in large, established companies like Verizon, to incentivize and retain key personnel while aligning their interests with long-term shareholder value.

Related Party Transactions

• The transaction involves the acquisition of phantom stock units from Verizon Communications Inc. by an executive, Samantha Hammock, as part of a standard deferred compensation plan, which is a common form of executive remuneration.

Stakeholder Impact

• Shareholders: Minor positive impact due to increased executive alignment with company performance through equity ownership, albeit indirect and cash-settled.
• Employees: No direct impact on general employees, but it reflects standard executive compensation practices.

Key Dates

Keywords

Verizon, VZ, Insider Transaction, Form 4, Executive Compensation, Phantom Stock, Dividend Reinvestment, Deferred Compensation