Form 4: Verizon Executive Samantha Hammock Reports Acquisition of Phantom Stock Units

EVP & Chief HR Officer of Verizon, Samantha Hammock, reports the acquisition of phantom stock units under the company's deferred compensation plan.

Summary

• On May 8, 2025, Samantha Hammock, EVP & Chief HR Officer of Verizon Communications Inc., acquired 78.828 units of phantom stock.
• Each unit of phantom stock is economically equivalent to a portion of one share of Verizon's 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.
• Following the transaction, Hammock beneficially owns 27,035.587 units of phantom stock through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to executive compensation, and does not contain information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The phantom stock becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.

Industry Context

This filing is a routine disclosure of executive compensation in the form of phantom stock, a common practice among publicly traded companies to align executive interests with shareholder value.

Comparison to Industry Standards

• Executive compensation packages often include phantom stock or similar equity-based awards to incentivize performance and retention.
• Companies like AT&T and T-Mobile also utilize similar compensation strategies for their executives.
• The specific terms and conditions of these plans vary, but the underlying principle of aligning executive compensation with company performance remains consistent across the industry.

Stakeholder Impact

• The acquisition of phantom stock units by a top executive aligns her interests with those of the shareholders, potentially incentivizing decisions that increase shareholder value.

Key Dates

Keywords

Form 4, Verizon, Samantha Hammock, Phantom Stock, Deferred Compensation, Executive Compensation, Beneficial Ownership