Verizon EVP awarded phantom stock units
Verizon Communications EVP & Chief HR Officer Samantha Hammock reported a compensation-related transaction involving phantom stock units linked to Verizon common stock.
Rhea-AI Filing Summary
Verizon Communications EVP & Chief HR Officer Samantha Hammock reported a compensation-related transaction involving phantom stock units linked to Verizon common stock. She acquired 71.766 unitized phantom stock units at an indicated value of $13.7700 per unit through a deferred compensation plan.
Each phantom stock unit is the economic equivalent of a portion of one Verizon share and is settled in cash rather than actual stock. After this grant and prior accruals, Hammock’s deferred compensation plan shows a total of 36,062.891 phantom stock units, including amounts accumulated through dividend reinvestment.
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Insider Trade Summary
Grant/Award: 71.766 shares
Grant/Award
1 txn
Insider
Hammock Samantha
Role
EVP & Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (unitized) | 71.766 | $13.77 | $988.22 |
Holdings After Transaction:
Phantom Stock (unitized) — 36,062.891 contracts (Indirect, By Deferred Compensation Plan)
Footnotes (2)
- F1. 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.
- F2. Includes phantom stock acquired through dividend reinvestment.
Key Figures
Phantom stock units granted: 71.766 units
Indicated value per phantom unit: $13.7700 per unit
Total phantom units after transaction: 36,062.891 units
+1 more
4 metrics
Phantom stock units granted
71.766 units
Grant on May 21, 2026 via deferred compensation plan
Indicated value per phantom unit
$13.7700 per unit
Value associated with phantom stock grant
Total phantom units after transaction
36,062.891 units
Deferred compensation phantom stock balance after grant
Underlying common stock shares
20.000 shares
Underlying security linked to phantom stock derivative
Key Terms
Phantom Stock (unitized), Deferred Compensation Plan, dividend reinvestment
3 terms
Phantom Stock (unitized) financial
"security_title: "Phantom Stock (unitized)""
Deferred Compensation Plan financial
"nature_of_ownership: "By 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.
FAQ
What insider transaction did Verizon (VZ) report for Samantha Hammock?
Verizon reported that EVP & Chief HR Officer Samantha Hammock received 71.766 unitized phantom stock units through a deferred compensation plan. These units mirror the value of Verizon common stock but are settled in cash, reflecting a routine, compensation-related acquisition rather than an open-market trade.
How many phantom stock units does Samantha Hammock hold at Verizon (VZ) after this Form 4?
After the reported transaction, Samantha Hammock holds a total of 36,062.891 unitized phantom stock units in a deferred compensation plan. This total includes the newly granted 71.766 units and prior phantom stock accumulated over time, including amounts added through dividend reinvestment according to the filing footnotes.
Does the Verizon (VZ) Form 4 show an open-market buy or sell by Samantha Hammock?
No, the Form 4 does not show an open-market buy or sell. It records a grant or award acquisition of phantom stock units within a deferred compensation plan. The transaction is classified as a derivative “A” code entry, representing compensation rather than discretionary stock market trading.
How are Verizon (VZ) phantom stock units for Samantha Hammock settled?
The phantom stock units are settled in cash rather than Verizon shares. Each unit is the economic equivalent of a portion of one common share, with payment triggered by events Hammock selects under the deferred compensation plan, providing cash-based exposure to Verizon’s stock performance.
What underlying Verizon (VZ) security is linked to Samantha Hammock’s phantom stock units?
The phantom stock units are linked to Verizon common stock as the underlying security. The filing notes that 20.000 underlying common stock shares correspond to this derivative position, with the phantom units designed to economically track share value while remaining cash-settled through the deferred compensation structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
