VZ insider granted 84.142 cash‑settled phantom units worth $11.66 per share

Rhea-AI Filing Summary

Samantha Hammock, Verizon Communications Inc. EVP & Chief HR Officer, reported a grant of 84.142 phantom stock (unitized) on 10/09/2025 under a deferred compensation plan. Each phantom unit is the economic equivalent of part of one common share and is settled in cash when payable per the plan. The reported underlying common stock for the transaction is 24 shares with an indicated price of $11.66, and the filing shows total indirect beneficial ownership following the transaction of 28,347.491 (units/shares) held through the deferred compensation plan. The filing was executed by an attorney-in-fact on 10/10/2025.

Insights

Corporate Governance Expert

Insider received deferred-compensation phantom units, settled in cash rather than stock.

The grant of 84.142 phantom stock units is a non‑equity compensation event tied to the deferred compensation plan; each unit tracks the economic value of common stock but is paid in cash on plan‑specified events. This structure preserves cash settlement mechanics and does not directly increase share count.

The primary dependency is plan payout timing and dividend reinvestment (the filing notes reinvestment). Monitor any future filings for payout events or changes to the deferred plan that would convert these units to cash payments within the next reporting periods.

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)	84.142	$11.66	$981.10

Holdings After Transaction: Phantom Stock (unitized) — 28,347.491 shares (Indirect, By Deferred Compensation Plan)

Footnotes (1)

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.

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Form 4 Insider Transactions: What Each Field Means →

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 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)
10/09/2025

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)	10/09/2025		A		84.142		(1)	(1)	Common Stock	24	$11.66	28,347.491(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	10/10/2025
	** 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 Verizon (VZ) insider Samantha Hammock report on 10/09/2025?

She reported receiving 84.142 phantom stock units on 10/09/2025 under a deferred compensation plan; the units are settled in cash.

How many underlying shares and what price were reported for the transaction?

The filing shows 24 underlying common shares with a price listed as $11.66 for the reported units.

Does this Form 4 grant dilute Verizon's outstanding shares?

No. The phantom stock is settled in cash and is the economic equivalent of shares, so it does not directly dilute outstanding common stock.

What is the total beneficial ownership after this transaction?

The filing reports total indirect beneficial ownership via the deferred compensation plan of 28,347.491 (units/shares) following the transaction.

Who signed the Form 4 and when was it filed?

Evgeniya Berezkina signed as attorney-in-fact for Samantha Hammock on 10/10/2025.