Verizon (VZ) HR chief awarded new phantom stock units in plan

Rhea-AI Filing Summary

Verizon Communications executive Samantha Hammock, EVP & Chief HR Officer, reported receiving an award of 65.93 units of phantom stock under a deferred compensation plan. Each phantom stock unit is the economic equivalent of a portion of one share of Verizon common stock but is settled in cash, not actual shares.

The award relates to 19 underlying shares of common stock and is held indirectly through the company’s deferred compensation plan. After this grant, Hammock’s deferred compensation account reflects 36,281.528 phantom stock units, including amounts accumulated through dividend reinvestment. This is a routine, compensation-related acquisition, not an open‑market trade.

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)	65.93	$11.99	$790.50

Holdings After Transaction: Phantom Stock (unitized) — 36,281.528 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.

Key Figures

Phantom stock units granted: 65.93 units Price per phantom unit: $11.99 per unit Phantom units after transaction: 36,281.528 units +1 more

4 metrics

Phantom stock units granted 65.93 units Award on 2026-07-01 under deferred compensation plan

Price per phantom unit $11.99 per unit Reference value for the 65.93-unit award

Phantom units after transaction 36,281.528 units Total phantom stock units following the grant

Underlying common stock 19 shares Underlying Verizon common stock tied to the phantom units

Key Terms

Phantom Stock (unitized), deferred compensation plan, dividend reinvestment, Grant, award, or other acquisition

4 terms

Phantom Stock (unitized) financial

"security_title: "Phantom Stock (unitized)""

deferred compensation plan financial

"in accordance with the 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.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 11:12 AM Accepted by SEC EDGAR 07/06/2026 - 11:12 AM 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

X

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)
07/01/2026

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)	07/01/2026		A		65.93		(1)	(1)	Common Stock	19	$11.99	36,281.528(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	07/06/2026
	** 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)

FAQ

What did Verizon (VZ) EVP Samantha Hammock report on this Form 4?

She reported a routine compensation award of 65.93 phantom stock units tied to 19 underlying Verizon common shares. These units are held in a deferred compensation plan and are paid in cash rather than stock when distribution conditions are met.

Are the phantom stock units reported by Verizon (VZ) executive Samantha Hammock real Verizon shares?

No. Each phantom stock unit is the economic equivalent of part of a Verizon share but is settled entirely in cash. The units track Verizon’s stock value for compensation purposes without granting voting rights or delivering actual common stock to the executive.

How many phantom stock units does Samantha Hammock hold after this Verizon (VZ) Form 4?

After the reported grant, her deferred compensation account reflects 36,281.528 phantom stock units. This total includes units from the new award and additional units accumulated over time, including those acquired through dividend reinvestment under the plan.

Was Samantha Hammock’s Verizon (VZ) Form 4 transaction a market buy or sell of stock?

No. The filing shows a grant of phantom stock units as compensation, classified as an acquisition under a deferred plan. It does not represent an open-market purchase or sale of Verizon common shares by the executive.

How is the value of Samantha Hammock’s Verizon (VZ) phantom stock units determined?

Each phantom stock unit reflects the economic value of a portion of one Verizon common share. The units mirror the stock’s performance and dividends for compensation purposes but are ultimately paid out in cash rather than delivering actual Verizon stock.