Form 4: Verizon Executive Acquires Phantom Stock Units Through Deferred Compensation Plan

Samantha Hammock, EVP & Chief HR Officer at Verizon, acquired 84.346 units of phantom stock through a deferred compensation plan.

Summary

• Samantha Hammock, an Executive Vice President and Chief HR Officer at Verizon Communications Inc., acquired 84.346 units of phantom stock on January 16, 2025.
• The phantom stock units were acquired through a deferred compensation plan.
• Each unit of phantom stock is equivalent to a portion of one share of common stock and will be settled in cash.
• The payout of the phantom stock will occur based on events established by the reporting person in accordance with the deferred compensation plan.
• The reported transaction also includes phantom stock acquired through dividend reinvestment.
• Following the transaction, Ms. Hammock beneficially owns 20,008.319 units of phantom stock through the deferred compensation plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral to positive. The acquisition of phantom stock aligns executive interests with company performance.

Positives

• The acquisition of phantom stock units through a deferred compensation plan aligns executive compensation with company performance.
• The deferred compensation plan allows for tax advantages for the executive.

Risks

• The value of the phantom stock is tied to the performance of Verizon's common stock, which is subject to market fluctuations.
• The payout of the phantom stock is subject to the terms of the deferred compensation plan, which may include vesting periods or other restrictions.

Industry Context

This type of transaction is common for executive compensation packages in publicly traded companies, aligning executive interests with shareholder value through equity-based incentives.

Comparison to Industry Standards

• Many large publicly traded companies, such as AT&T and T-Mobile, use similar deferred compensation plans and phantom stock units as part of their executive compensation packages.
• These plans are designed to incentivize long-term performance and align executive interests with shareholder value, which is a common practice across the telecommunications industry.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive compensation with company performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

phantom stock, deferred compensation, executive compensation, Verizon, stock units, Form 4, insider trading