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

Samantha Hammock, EVP & Chief HR Officer at Verizon, acquired 81.942 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 81.942 units of phantom stock on January 30, 2025.
• These phantom stock units were acquired through a deferred compensation plan.
• Each unit of phantom stock is economically equivalent to a portion of one share of common stock and will be settled in cash.
• The phantom stock becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.
• The reporting person also holds 20,090.261 units of phantom stock indirectly through the deferred compensation plan, which includes units acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally to slightly positive as it aligns executive interests with company performance. There are no indications of negative or concerning activity.

Positives

• The acquisition of phantom stock units by a key executive demonstrates alignment with the company's long-term performance.
• The deferred compensation plan allows for tax-advantaged savings and investment.

Industry Context

The use of phantom stock and deferred compensation plans is a common practice for executive compensation in large public companies like Verizon, aligning executive interests with shareholder value.

Comparison to Industry Standards

• Many large public companies, such as AT&T and T-Mobile, use similar deferred compensation and phantom stock plans 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 standard practice in the telecommunications industry.
• The specific terms and conditions of these plans can vary, but the underlying principle of linking executive pay to company performance is consistent across the industry.

Stakeholder Impact

• The acquisition of phantom stock by an executive is generally viewed positively by shareholders as it aligns executive interests with company performance.

Key Dates

Keywords

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