Form 4: Verizon Executive Acquires Phantom Stock

Verizon's EVP & Chief HR Officer, Samantha Hammock, acquired 84.142 units of phantom stock, increasing her indirect beneficial ownership to 28,347.491 units.

Summary

• Samantha Hammock, Executive Vice President & Chief HR Officer of Verizon Communications Inc. (VZ), reported a transaction on October 9, 2025.
• The transaction involved the acquisition of 84.142 units of phantom stock.
• Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash.
• The acquisition price for the derivative security (phantom stock) was $11.66 per unit.
• Following this transaction, Samantha Hammock beneficially owns 28,347.491 units of phantom stock indirectly through a deferred compensation plan.
• The total beneficial ownership includes phantom stock acquired through dividend reinvestment.
• Phantom stock becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.

Sentiment

Score: 6

Explanation: Slightly positive due to an executive increasing their beneficial ownership, which generally indicates confidence in the company, even if it's a small, routine transaction within a deferred compensation plan.

Positives

• An executive increasing their beneficial ownership, even through a deferred compensation plan, can signal confidence in the company's future performance.
• The acquisition aligns the executive's financial interests with those of shareholders.

Future Outlook

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

Industry Context

This is a routine insider transaction filing (Form 4) for an executive's deferred compensation plan, which is common across publicly traded companies. It does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value, though the impact from this specific transaction is minimal due to its size and nature.

Key Dates

Keywords

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