VZ Insider Filing: Samantha Hammock Records Phantom Stock Accrual

Rhea-AI Filing Summary

Samantha Hammock, EVP & Chief HR Officer of Verizon Communications Inc. (VZ), reported a transaction dated 08/14/2025 on a Form 4. The filing discloses acquisition of 79.014 units of unitized phantom stock, which the form states are the economic equivalent of a portion of one share of common stock and are settled in cash under Verizon's deferred compensation plan. The filing shows a related underlying common stock amount listed as 23 with a price of $12.41, and reports 28,027.942 phantom stock units beneficially owned following the transaction, held indirectly through a deferred compensation plan. The report was signed by an attorney-in-fact on 08/15/2025.

Insights

Financial Analyst

TL;DR Routine deferred-compensation acquisition by an executive; no direct sale or material change in public share count disclosed.

The reported acquisition of 79.014 unitized phantom shares appears to be an internal deferred compensation credit rather than an open-market purchase of common stock. The instrument is settled in cash and is held indirectly, which typically means no immediate dilution to common shareholders. The large aggregate phantom balance of 28,027.942 units reflects cumulative holdings under the plan but does not itself change outstanding common shares or cash obligations until settlement events occur.

Corporate Governance Expert

TL;DR Transaction reflects routine executive compensation administration under the company deferred compensation plan.

The filing documents a grant/accrual of phantom stock units to an executive, a standard mechanism for deferred pay and retention. Because these units are described as cash-settled and held indirectly via the deferred compensation plan, they do not convey current voting rights or direct ownership of common shares. Material impacts depend on plan settlement terms and potential future cash obligations, which are not detailed in this Form 4.

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
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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)
08/14/2025

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)	08/14/2025		A		79.014		(1)	(1)	Common Stock	23	$12.41	28,027.942(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	08/15/2025
	** 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 insider Samantha Hammock report on Form 4 (VZ)?

The Form 4 reports acquisition of 79.014 unitized phantom stock on 08/14/2025, held indirectly under Verizon's deferred compensation plan.

Does the Form 4 show Samantha Hammock bought Verizon common shares (VZ)?

No. The filing shows phantom stock units settled in cash, described as economic equivalents of portions of common shares, not direct share purchases.

How many phantom stock units does Samantha Hammock beneficially own after the transaction (VZ)?

The Form 4 reports 28,027.942 phantom stock units beneficially owned following the reported transaction.

What is the reported price or value shown on the Form 4 for the transaction (VZ)?

The document lists a price of $12.41 associated with the reported derivative entry and shows an underlying common stock amount of 23 in the table.

When was the Form 4 for Samantha Hammock signed and filed (VZ)?

The signature block shows the filing was signed by an attorney-in-fact on 08/15/2025 covering the 08/14/2025 transaction.