Verizon Communications (NYSE: VZ) EVP reports 83.277 phantom stock units
Rhea-AI Filing Summary
Verizon Communications executive Samantha Hammock, EVP & Chief HR Officer, reported acquiring 83.277 units of phantom stock on 12/04/2025 through a deferred compensation plan. These phantom stock units are derivative securities tied to Verizon common stock, each representing the economic equivalent of a portion of one share and settled in cash rather than actual stock. After this transaction, Hammock indirectly holds 29,181.953 phantom stock units via the deferred compensation plan, which become payable upon events she established under the plan’s terms and can also increase through dividend reinvestment.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (unitized) | 83.277 | $11.78 | $981.00 |
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.
FAQ
What insider transaction did Verizon Communications (VZ) report in this Form 4?
The filing shows that EVP & Chief HR Officer Samantha Hammock acquired 83.277 units of phantom stock on 12/04/2025 through a deferred compensation plan.
What are the phantom stock units reported for Verizon Communications (VZ)?
The filing explains that each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock and is settled in cash, not actual shares.
How many phantom stock units does the Verizon (VZ) executive hold after the transaction?
Following the reported transaction, Samantha Hammock beneficially owns 29,181.953 phantom stock units, held indirectly through the company’s deferred compensation plan.
How and when are Verizon (VZ) phantom stock units payable to the executive?
The phantom stock units become payable upon events that the reporting person established in line with the deferred compensation plan, meaning payout timing is tied to those elected events.
Does the Verizon (VZ) Form 4 mention dividend reinvestment for phantom stock?
Yes. The filing notes that the reported holdings include phantom stock acquired through dividend reinvestment, which can increase the total units over time.
Is the Verizon (VZ) phantom stock held directly or indirectly by the executive?
The Form 4 states that the 29,181.953 phantom stock units are held indirectly under the ownership form “I – By Deferred Compensation Plan.”