Verizon (VZ) HR chief Hammock reports RSU vesting and tax share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Verizon Communications EVP & Chief HR Officer Samantha Hammock reported multiple equity compensation transactions in the form of restricted stock units (RSUs) and related common stock on February 27, 2026. RSUs from 2023, 2024 and 2025 awards were exercised or converted into common stock in several steps, consistent with their scheduled vesting terms. To satisfy tax obligations, portions of the newly delivered common shares were disposed of through tax-withholding transactions at $50.14 per share. After these transactions, Hammock directly held 89,290 shares of Verizon common stock, with an additional 68 shares held indirectly by her spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
46,719 shares exercised/converted
Mixed
10 txns
Insider
Hammock Samantha
Role
EVP & Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units - 2023 Award | 17,011 | $0.00 | -- |
| Exercise | Restricted Stock Units - 2024 Award | 16,051 | $0.00 | -- |
| Exercise | Restricted Stock Units - 2025 Award | 13,657 | $0.00 | -- |
| Exercise | Common Stock | 17,011 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,702 | $50.14 | $436K |
| Exercise | Common Stock | 16,051 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,211 | $50.14 | $412K |
| Exercise | Common Stock | 13,657 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,986 | $50.14 | $350K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units - 2023 Award — 0 shares (Direct);
Restricted Stock Units - 2024 Award — 16,053 shares (Direct);
Restricted Stock Units - 2025 Award — 27,314 shares (Direct);
Common Stock — 83,481 shares (Direct);
Common Stock — 68 shares (Indirect, By spouse)
Footnotes (1)
- Each Restricted Stock Unit (RSU) represents the right to receive one share of common stock on the payment date with respect to the date that the RSU vests. Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2024. Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2025. Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2026.
FAQ
What did Verizon (VZ) executive Samantha Hammock report in this Form 4?
Samantha Hammock reported exercises of restricted stock units that delivered Verizon common shares, along with related tax-withholding dispositions. These equity movements reflect compensation vesting rather than open-market trading and updated her reported ownership balances in both direct and indirect holdings.
What types of awards were involved in Samantha Hammock’s Verizon (VZ) Form 4 filing?
The filing involves Restricted Stock Units (RSUs) from Verizon’s 2023, 2024, and 2025 award cycles. Each RSU represents the right to receive one share of common stock upon vesting, subject to the terms of the applicable RSU Agreement and vesting schedule.
When do Samantha Hammock’s Verizon (VZ) RSU awards begin vesting?
According to the footnotes, the 2023 RSUs vest in three equal annual installments beginning on March 1, 2024. The 2024 RSUs begin vesting March 1, 2025, and the 2025 RSUs begin vesting March 1, 2026, each over three annual installments.
Were any of Samantha Hammock’s Verizon (VZ) transactions open-market buys or sales?
The reported movements are RSU exercises or conversions and related tax-withholding dispositions of common stock. The Form 4 labels the dispositions with transaction code “F,” indicating shares were delivered to cover tax liabilities, not discretionary open-market buying or selling.