Verizon (NYSE: VZ) HR chief adds phantom stock in deferred plan

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Hammock Samantha reported acquisition or exercise transactions in this Form 4 filing.

Verizon Communications executive Samantha Hammock, EVP & Chief HR Officer, received an indirect award of 75.542 phantom stock units under a deferred compensation plan. Each phantom unit is economically tied to Verizon common stock and is settled in cash.

Following this grant and prior dividend reinvestments, Hammock holds a total of 36,215.598 phantom stock units through the plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hammock Samantha

Role EVP & Chief HR Officer

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized)	75.542	$13.08	$988.09

Holdings After Transaction: Phantom Stock (unitized) — 36,215.598 shares (Indirect, By Deferred Compensation Plan)

Footnotes (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. Includes phantom stock acquired through dividend reinvestment.

Key Figures

Phantom stock units granted: 75.542 units Phantom units after transaction: 36,215.598 units Grant reference price: $13.0800 per unit +1 more

4 metrics

Phantom stock units granted 75.542 units Award under deferred compensation plan on June 17, 2026

Phantom units after transaction 36,215.598 units Total phantom stock balance following the award

Grant reference price $13.0800 per unit Price used in reporting the phantom stock award

Underlying common shares 22.0000 shares Underlying Verizon common stock referenced by the phantom units

Key Terms

Phantom Stock (unitized), deferred compensation plan, dividend reinvestment, indirect ownership

4 terms

Phantom Stock (unitized) financial

"security_title: "Phantom Stock (unitized)""

deferred compensation plan financial

"in accordance with the deferred compensation plan"

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

dividend reinvestment financial

"Includes phantom stock acquired through dividend reinvestment."

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

indirect ownership financial

"direct_or_indirect: "I", nature_of_ownership: "By Deferred Compensation Plan""

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

06/18/2026 - 02:02 PM

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
Estimated average burden
hours per response:			0.5

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

10036

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock (unitized)	⁽¹⁾	06/17/2026		A		75.542		⁽¹⁾	⁽¹⁾	Common Stock	22	$13.08	36,215.598⁽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	06/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Verizon (VZ) executive Samantha Hammock report on this Form 4?

Samantha Hammock reported receiving 75.542 phantom stock units through a deferred compensation plan. These units track the value of Verizon common stock and are settled in cash rather than shares, functioning as a form of long-term incentive compensation.

How many phantom stock units does Samantha Hammock hold after this Verizon (VZ) transaction?

After this award, Samantha Hammock holds 36,215.598 phantom stock units in total. These are held indirectly through a deferred compensation plan and reflect prior grants plus units acquired via dividend reinvestment over time.

Is Samantha Hammock buying or selling Verizon (VZ) stock in this Form 4?

She is not buying or selling stock on the market; she received a grant of phantom stock units. This is a compensation-related acquisition, providing cash-settled value linked to Verizon’s common stock rather than direct share ownership.

What are phantom stock units in the context of Verizon (VZ)?

Phantom stock units are bookkeeping entries whose value mirrors a portion of a Verizon common share. They are paid out in cash upon specified events under the deferred compensation plan, offering equity-linked incentives without issuing actual shares.

How many underlying Verizon (VZ) common shares are tied to this phantom stock award?

This particular phantom stock grant is tied to 22 underlying Verizon common shares. The phantom units are an economic equivalent of a portion of one share of common stock and will ultimately be settled in cash, not stock.