Form 4: Verizon Executive Acquires Phantom Stock via Deferred Plan

Verizon's EVP & Chief HR Officer, Samantha Hammock, acquired 84.289 phantom stock units through a dividend reinvestment in a deferred compensation plan.

Summary

• Samantha Hammock, Executive Vice President and Chief HR Officer of Verizon Communications Inc., acquired 84.289 units of phantom stock.
• The transaction occurred on November 20, 2025, as an acquisition (Code A).
• Each phantom stock unit was acquired at a price of $11.64.
• The phantom stock units were acquired indirectly through a deferred compensation plan, specifically via dividend reinvestment.
• Each phantom stock unit is the economic equivalent of a portion of one share of common stock and is settled in cash.
• The acquired 84.289 phantom stock units are economically equivalent to 24 shares of Verizon common stock.
• Following this transaction, Samantha Hammock beneficially owns 29,098.676 phantom stock units indirectly through the deferred compensation plan.

Sentiment

Score: 5

Explanation: This is a routine insider transaction involving phantom stock acquired through a deferred compensation plan, which is generally neutral in terms of immediate market sentiment or company performance implications.

Positives

• The acquisition of phantom stock through a deferred compensation plan demonstrates continued executive participation and alignment with shareholder interests.

Future Outlook

N/A

Industry Context

This filing is a routine disclosure of an executive's beneficial ownership change and does not provide broader industry context or trends.

Related Party Transactions

• The acquisition of phantom stock occurred through a deferred compensation plan, which is a standard executive compensation arrangement.

Stakeholder Impact

• Shareholders: Minimal direct impact, as this is a routine executive compensation transaction and not a direct open market purchase or sale of common stock.
• Employees: No direct impact beyond the executive involved.

Key Dates

Keywords

Verizon, VZ, SEC Form 4, Insider Transaction, Phantom Stock, Deferred Compensation, Executive Compensation, Beneficial Ownership