[Form 4] VERIZON COMMUNICATIONS INC Insider Trading Activity

Rhea-AI Filing Summary

Samantha Hammock, EVP & Chief HR Officer of Verizon Communications (VZ), reported an acquisition of unitized phantom stock under the company's deferred compensation plan. On 09/11/2025 she was issued 77.876 units of phantom stock at a per-unit price reference of $12.59, increasing her total phantom stock holdings to 28,184.064 units (including dividend reinvestment). The phantom units are cash-settled and payable under timing choices available in the deferred compensation plan.

Positive

• Acquisition of deferred compensation units: 77.876 unitized phantom stock were acquired, increasing the reporting person's total to 28,184.064 units.
• Clarity on settlement: Phantom units are explicitly cash-settled and include dividend reinvestment, clarifying economic exposure and valuation mechanics.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine deferred-compensation issuance to a senior officer; not a sale and likely immaterial to market valuation.

This Form 4 documents an issuance of 77.876 unitized phantom stock to the EVP & Chief HR Officer under Verizon's deferred compensation arrangement, bringing total phantom holdings to 28,184.064 units. The instruments are cash-settled and represent economic exposure to common stock rather than immediate share dilution. From a governance perspective, the transaction appears to be an internal compensation deferral rather than a market-facing trade, and there is no indication of an accelerated vesting event or disposition.

Compensation & Benefits Analyst

TL;DR: Compensation issuance reflects standard deferred-comp plan mechanics; impacts executive pay disclosure but not outstanding shares.

The entry notes acquisition via the deferred compensation plan with dividend reinvestment included. Because phantom stock is cash-settled and described as the economic equivalent of common shares, it affects the officer's deferred pay exposure rather than the company's share count. The reported $12.59 price reference and the dividend reinvestment note clarify valuation mechanics but do not signal cash payouts or sales as of the filing date.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hammock Samantha

(Last) (First) (Middle)

VERIZON COMMUNICATIONS INC.

1095 AVENUE OF THE AMERICAS

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VERIZON COMMUNICATIONS INC [ VZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief HR Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock (unitized)	(1)	09/11/2025		A		77.876		(1)	(1)	Common Stock	22	$12.59	28,184.064(2)	I	By Deferred Compensation Plan

Explanation of Responses:

1. Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.

2. Includes phantom stock acquired through dividend reinvestment.

Remarks:

	Evgeniya Berezkina, Attorney-in-fact for Samantha Hammock	09/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Samantha Hammock report on Form 4 for VZ?

She reported the acquisition of 77.876 unitized phantom stock on 09/11/2025, under Verizon's deferred compensation plan.

How many phantom units does Hammock own after the transaction?

The filing shows total phantom stock holdings of 28,184.064 units, including units acquired through dividend reinvestment.

Are the phantom shares converted to actual Verizon common stock?

No. The filing states each phantom unit is the economic equivalent of a portion of one share and is settled in cash per the deferred compensation plan.

What price is shown for the reported phantom stock acquisition?

The form lists a price reference of $12.59 associated with the reported units.

Was this a sale or market transaction?

No. This was an acquisition under the deferred compensation plan, not a market sale or purchase of publicly traded shares.