Form 4: Verizon Executive Acquires Phantom Stock Units

Verizon Communications Inc. EVP & Chief HR Officer Samantha Hammock acquired 75.542 phantom stock units on June 17, 2026, as part of a deferred compensation plan.

Summary

• Samantha Hammock, EVP & Chief HR Officer at Verizon Communications Inc., acquired 75.542 phantom stock units on June 17, 2026.
• These phantom stock units are economically equivalent to a portion of one share of common stock and will be settled in cash.
• The units become payable upon events established by the reporting person under a deferred compensation plan.
• The filing also notes that the acquisition includes phantom stock acquired through dividend reinvestment.
• Following the transaction, Hammock beneficially owns 36,215.598 phantom stock units, held indirectly through a deferred compensation plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine transaction related to executive compensation and does not provide new financial performance data or strategic shifts.

Positives

• Acquisition of phantom stock units by a key executive indicates continued participation in company incentive plans.
• Dividend reinvestment suggests a positive outlook on future stock performance, leading to further accumulation of value.

Risks

• The value of phantom stock is tied to the company's common stock performance, meaning any decline in VZ stock price will negatively impact the value of these units.
• The settlement of phantom stock is contingent upon specific events defined in the deferred compensation plan, which may not align with the executive's immediate liquidity needs.

Future Outlook

The acquisition of phantom stock units, including those from dividend reinvestment, suggests a continued belief in the future value of Verizon's common stock by executive management.

Industry Context

StockSavvy.ai notes that executive compensation structures involving phantom stock and deferred compensation plans are common within the telecommunications industry, used to align executive interests with long-term shareholder value and retain key talent.

Stakeholder Impact

• Shareholders: The transaction itself does not directly impact share price but reflects executive commitment to the company's stock.
• Employees: This filing is specific to executive compensation and does not directly impact general employee compensation or benefits.
• Management: Demonstrates the use of incentive compensation to retain and motivate key executives.

Next Steps

• Settlement of phantom stock units upon events established by the reporting person in accordance with the deferred compensation plan.

Key Dates

Keywords

Verizon Communications, VZ, Form 4, Insider Trading, Executive Compensation, Phantom Stock, Deferred Compensation, Stock Acquisition