Form 4: Verizon Executive Trades Phantom Stock

Verizon EVP Samantha Hammock acquired phantom stock units equivalent to common stock, settled in cash upon specific events.

Summary

• Samantha Hammock, EVP & Chief HR Officer at Verizon Communications Inc., acquired 73.554 phantom stock units on May 7, 2026.
• These phantom stock units are economically equivalent to a portion of one share of common stock and will be settled in cash.
• The settlement of these units will occur upon events established by the reporting person under the company's deferred compensation plan.
• The filing also notes the acquisition of additional phantom stock through dividend reinvestment, totaling 35,991.125 units.
• These securities are held indirectly through a Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports on routine executive compensation transactions rather than significant financial performance or strategic shifts.

Positives

• Acquisition of phantom stock units by a key executive indicates continued engagement and potential alignment with company performance.
• Dividend reinvestment suggests that the executive is accumulating value from existing holdings.

Negatives

• The transaction involves phantom stock, which is a cash-settled award and does not represent direct ownership of common stock.
• The value of the phantom stock is tied to Verizon's common stock performance, but the cash settlement mechanism may differ from direct equity.

Risks

• The value of the phantom stock is subject to the market performance of Verizon's common stock.
• The timing of cash settlement depends on events established by the reporting person, which could introduce variability in when the executive receives the payout.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on a transaction involving phantom stock units.

Industry Context

StockSavvy.ai notes that executive compensation structures, including phantom stock plans, are common in the telecommunications industry as a means to incentivize long-term performance and retain key talent. These plans often mirror the economic performance of the company's stock without diluting existing shareholders.

Stakeholder Impact

• Shareholders: The transaction involves phantom stock, which is a cash-settled award and does not directly impact share count or dilution. The value is tied to stock performance.
• Employees: The use of phantom stock aligns with common executive compensation practices aimed at retaining talent.
• Management: The transaction reflects the compensation structure for senior executives.

Next Steps

• Settlement of phantom stock units in cash upon events established by the reporting person.

Key Dates

Keywords

Verizon, VZ, Form 4, Insider Trading, Executive Compensation, Phantom Stock, Deferred Compensation, Samantha Hammock, SEC Filing