Hammock Samantha 4

What Happened

• Samantha Hammock, EVP & Chief Human Resources Officer at Verizon Communications (VZ), received a grant of 70.065 phantom shares on Feb 12, 2026. The grant is reported as a derivative award at an imputed price of $14.11 per share, with a total value of about $989. This was an award (not an open‑market purchase or sale) and is compensation rather than a direct equity purchase.

Key Details

• Transaction date: 2026-02-12; Filing date: 2026-02-17 (file appears to be late relative to the two‑business‑day Form 4 deadline).
• Transaction type/code: A (Award/Grant); reported as a derivative instrument (phantom stock).
• Amount: 70.065 phantom shares; imputed price $14.11; total value ≈ $989.
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1 — Each phantom share is economically equivalent to a portion of one common share and is settled in cash; payouts occur per elections under the deferred compensation plan.
  • F2 — The phantom stock includes amounts acquired through dividend reinvestment.

Context

• Phantom stock awards are cash‑settled deferred compensation and do not involve issuing actual common shares immediately; they do not necessarily signal a buy/sell intent by the insider. This filing documents a routine compensation grant rather than a market transaction.