Verizon (VZ) EVP reports phantom stock acquisition in compensation plan
Rhea-AI Filing Summary
Verizon Communications Inc. executive Samantha Hammock, EVP & Chief HR Officer, reported acquiring phantom stock through the company’s deferred compensation plan. On December 18, 2025, she acquired 85.017 phantom stock units at a derivative price of $11.54 per unit, recorded as an indirect holding through the deferred compensation plan.
After this transaction, she beneficially owns 29,266.97 phantom stock units indirectly. Each share of phantom stock is described as the economic equivalent of a portion of one share of Verizon common stock and is settled in cash when payable under the events she established in the plan. The holdings also include phantom stock acquired through dividend reinvestment.
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FAQ
What insider transaction did Verizon (VZ) report in this Form 4?
The filing reports that Samantha Hammock, EVP & Chief HR Officer of Verizon Communications Inc., acquired 85.017 phantom stock units on December 18, 2025 through the company’s deferred compensation plan.
How many phantom stock units does the Verizon (VZ) executive hold after the transaction?
Following the reported transaction, 29,266.97 phantom stock units are beneficially owned indirectly by Samantha Hammock through Verizon’s Deferred Compensation Plan.
What is phantom stock in the context of this Verizon (VZ) filing?
The filing explains that each share of phantom stock is the economic equivalent of a portion of one share of Verizon common stock and is settled in cash when it becomes payable under the deferred compensation plan.
How is the Verizon (VZ) phantom stock transaction classified in the Form 4 table?
In Table II, the phantom stock is listed as a derivative security, with a transaction code of A (acquired), covering 85.017 phantom stock units at a derivative price of $11.54, held indirectly via the Deferred Compensation Plan.
What role does the reporting person hold at Verizon (VZ)?
The reporting person, Samantha Hammock, is identified as an Officer of Verizon Communications Inc., specifically serving as EVP & Chief HR Officer.
Does the Verizon (VZ) Form 4 mention dividend reinvestment for phantom stock?
Yes. The explanation notes that the 29,266.97 phantom stock units include phantom stock acquired through dividend reinvestment under the deferred compensation plan.