Form 4: Verizon Executive Acquires Phantom Stock as Part of Deferred Compensation Plan

Verizon Communications Inc.'s EVP & Chief HR Officer, Samantha Hammock, acquired 79.388 units of phantom stock valued at $12.35 per unit, increasing her total beneficial ownership to 27,194.674 units.

Summary

• Samantha Hammock, Executive Vice President and Chief Human Resources Officer of Verizon Communications Inc. (VZ), acquired 79.388 units of phantom stock.
• The transaction took place on June 5, 2025.
• Each phantom stock unit was valued at $12.35.
• Following this acquisition, Ms. Hammock's total beneficial ownership of phantom stock units increased to 27,194.674 units.
• These phantom stock units are held indirectly through 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.
• The total beneficially owned phantom stock units (27,194.674) are economically equivalent to 23 shares of Verizon common stock.
• The total phantom stock holding includes units acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: The document is a routine insider transaction filing (Form 4) related to executive compensation. It does not contain information that would significantly alter the company's financial outlook or operational status, thus indicating a neutral sentiment.

Positives

• The acquisition of phantom stock aligns executive compensation with company performance, as the units are economically tied to common stock value.
• The transaction is part of a deferred compensation plan, indicating a structured approach to executive incentives and retention.

Future Outlook

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

Management Comments

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

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction related to executive compensation and does not provide broader industry trends or competitive analysis.

Corporate Governance

Related Party Transactions

• The transaction involves an acquisition of phantom stock by Samantha Hammock, an EVP & Chief HR Officer of Verizon, as part of her compensation, which is a dealing between the company and a key executive.

Stakeholder Impact

• Shareholders: The transaction is a routine part of executive compensation and aligns executive interests with shareholder value through equity-linked incentives, though the direct impact on share price from this specific filing is minimal.
• Employees: No direct impact on general employees is indicated by this filing.

Key Dates

Keywords

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