Form 4: Verizon Executive Adjusts Holdings

Verizon EVP Samantha Hammock reported a transaction involving phantom stock units, reflecting changes in her beneficial ownership.

Summary

• Samantha Hammock, EVP & Chief HR Officer at Verizon Communications Inc., engaged in a transaction on April 23, 2026.
• The transaction involved the acquisition of 73.362 phantom stock units.
• These phantom stock units are economically equivalent to a portion of one share of common stock and are settled in cash.
• The shares of phantom stock become payable upon events established by the reporting person under a deferred compensation plan.
• An additional 21 phantom stock units were acquired through dividend reinvestment.
• Following these transactions, Hammock beneficially owns 35,402.519 phantom stock units indirectly through a deferred compensation plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine adjustment of executive compensation and holdings rather than a significant strategic or financial event.

Positives

• The transaction indicates continued participation and investment in the company's equity-equivalent plans by a key executive.
• Dividend reinvestment suggests a long-term perspective on holding these units.

Negatives

• The filing does not disclose the specific price at which the phantom stock units were acquired or their current valuation, limiting a full financial assessment.

Risks

• The value of phantom stock is tied to Verizon's common stock performance, meaning a decline in share price would negatively impact the value of these units.
• The deferred compensation plan's payout triggers are subject to specific events, which may not align with the reporting person's immediate liquidity needs.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports a change in beneficial ownership.

Industry Context

StockSavvy.ai notes that executive transactions involving phantom stock are common within the telecommunications industry as a form of long-term incentive compensation, aligning executive interests with shareholder value.

Stakeholder Impact

• Shareholders: The transaction itself does not directly impact share price but reflects executive compensation practices. The value of the phantom stock is tied to Verizon's stock performance.
• Employees: The use of phantom stock and deferred compensation plans is a standard executive compensation tool, impacting the overall compensation structure for senior leadership.
• Management: The transaction details the holdings of a key executive, providing transparency on their beneficial ownership.

Next Steps

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

Key Dates

Keywords

Verizon Communications, Form 4, Insider Transaction, Phantom Stock, Deferred Compensation, Executive Holdings, SEC Filing, Equity