Verizon (NYSE: VZ) HR chief gains phantom stock in plan award
Rhea-AI Filing Summary
Verizon Communications executive Samantha Hammock, EVP & Chief HR Officer, reported an acquisition of phantom stock units through a deferred compensation plan. On 01/15/2026 she acquired 87.948 phantom stock units at $11.24 each, classified as a derivative security and reported as an indirect holding "By Deferred Compensation Plan." Each phantom stock unit is economically tied to a portion of one share of Verizon common stock but is settled in cash, not stock. After this transaction, she beneficially owned 29,439.929 phantom stock units, which include units accumulated through dividend reinvestment under the plan.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (unitized) | 87.948 | $11.24 | $988.54 |
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 (VZ) report for Samantha Hammock?
EVP & Chief HR Officer Samantha Hammock reported acquiring 87.948 phantom stock (unitized) derivative securities on 01/15/2026, coded as an acquisition ("A").
What are the terms of the phantom stock units reported for Verizon (VZ)?
Each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock, is settled in cash, and becomes payable upon events established by the reporting person under the deferred compensation plan.
How many phantom stock units does Samantha Hammock hold after this Form 4?
Following the reported transaction, Samantha Hammock beneficially owned 29,439.929 phantom stock units, held indirectly through a deferred compensation plan and including units acquired via dividend reinvestment.
Was the Verizon (VZ) phantom stock transaction a direct or indirect holding?
The phantom stock units are reported as an indirect holding with the nature of ownership specified as "By Deferred Compensation Plan", reflecting participation in that plan.
What price was used for the Verizon (VZ) phantom stock units on this Form 4?
The reported transaction shows 87.948 phantom stock units acquired at a price of $11.24 per unit as of 01/15/2026.
Does the Verizon (VZ) Form 4 involve actual common stock or cash-settled units?
The reported position involves phantom stock units that are settled in cash and economically track portions of Verizon common stock, rather than actual shares being issued.