Verizon HR chief receives phantom stock award

Verizon Communications EVP & Chief HR Officer Samantha Hammock reported a compensation-related award of phantom stock under a deferred compensation plan.

Rhea-AI Filing Summary

Verizon Communications EVP & Chief HR Officer Samantha Hammock reported a compensation-related award of phantom stock under a deferred compensation plan. She acquired 73.362 phantom stock units on April 23, 2026, each economically tied to a portion of one Verizon common share and valued at $13.47 per unit.

The phantom stock is settled in cash and becomes payable upon events she established in line with the plan’s rules. After this award, her indirect holdings through the deferred compensation plan total 35,402.519 phantom stock units, which include units previously acquired through dividend reinvestment. This is a routine non-market grant, not an open-market stock purchase or sale.

Insider Trade Summary

Grant/Award: 73.362 shares

Grant/Award 1 txn

Insider Hammock Samantha

Role EVP & Chief HR Officer

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock (unitized)	73.362	$13.47	$988.19

Holdings After Transaction: Phantom Stock (unitized) — 35,402.519 contracts (Indirect, By Deferred Compensation Plan)

Footnotes (2)

1. 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.
2. F2. Includes phantom stock acquired through dividend reinvestment.

Key Figures

Phantom stock units granted: 73.362 units Unit value: $13.47 per unit Total phantom units after grant: 35,402.519 units +2 more

5 metrics

Phantom stock units granted 73.362 units Grant on April 23, 2026

Unit value $13.47 per unit Phantom stock grant pricing

Total phantom units after grant 35,402.519 units Indirect holdings via deferred compensation plan

Underlying common stock equivalents 21.000 shares Underlying security shares for this phantom award

Conversion price $0.00 Conversion or exercise price for phantom stock

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

She reported receiving a grant of phantom stock units as compensation. On April 23, 2026, she acquired 73.362 phantom stock units tied economically to Verizon common stock, held indirectly through a deferred compensation plan and settled in cash at future specified events.

How many phantom stock units does Samantha Hammock now hold at Verizon (VZ)?

After the reported transaction, she holds 35,402.519 phantom stock units. These units are credited to her deferred compensation plan account and reflect prior grants plus dividend reinvestment, providing cash-settled economic exposure to Verizon’s common stock performance over time.

Is Samantha Hammock’s Form 4 transaction a stock purchase or sale of Verizon (VZ) shares?

No, it is not an open-market stock purchase or sale. The filing shows a grant of phantom stock units under a deferred compensation plan, categorized as a grant or award acquisition and settled in cash rather than actual Verizon common shares changing hands in the market.

How are Verizon (VZ) phantom stock units described in Samantha Hammock’s filing?

Each phantom stock unit is the economic equivalent of a portion of one Verizon common share. According to the filing, the units are settled in cash and become payable upon events Hammock established in accordance with the company’s deferred compensation plan provisions.

What price is associated with Samantha Hammock’s Verizon (VZ) phantom stock award?

The reported transaction shows a value of $13.47 per phantom stock unit. This value applies to the 73.362 units granted on April 23, 2026, and reflects the economic measure used for crediting the award within the deferred compensation plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/24/2026 - 02:25 PM EDT Learn about SEC filing dates

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 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)
04/23/2026

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)
			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)	04/23/2026		A		73.362		(1)	(1)	Common Stock	21	$13.47	35,402.519(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	04/24/2026
	** 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)