Hammock Samantha 4

4 · VERIZON COMMUNICATIONS INC · Filed Mar 3, 2026

AI-generated summary of this filing

Updated Mar 3, 2026

Verizon (VZ) EVP Samantha Hammock Exercises RSUs; Shares Withheld

What Happened

Samantha Hammock, EVP & Chief Human Resources Officer at Verizon, had RSUs convert into 46,719 shares on Feb 27, 2026 (reported on Form 4 filed Mar 3, 2026). To satisfy tax withholding, 23,899 of those shares were withheld/disposed at $50.14 per share, generating approximately $1,198,296 in tax withholding. The conversion (derivative exercise/conversion) and withholding are routine compensation-related transactions, not open-market purchases or discretionary sales.
Net shares delivered to Hammock after withholding: 46,719 acquired − 23,899 withheld = 22,820 shares. No cash exercise price was reported (typical for RSU conversions).

Key Details

Transaction date: February 27, 2026; filing date: March 3, 2026 (appears timely).
Withheld (disposed) shares: 8,702 + 8,211 + 6,986 = 23,899 shares at $50.14 each = $1,198,295.86 total.
Acquired (conversion) shares: 17,011 + 16,051 + 13,657 = 46,719 shares (transaction code M = exercise/conversion of derivative).
Tax withholding entries use transaction code F (payment of exercise price or tax liability) — shares were used to satisfy tax obligations rather than sold on the open market.
Shares owned after the reported transactions are not disclosed in the filing.
Footnotes: F1–F4 describe these awards as Restricted Stock Units (RSUs), each representing one share; the referenced RSUs vest in three equal annual installments beginning March 1 of 2024, 2025 or 2026 depending on the grant.

Context

These entries reflect RSU vesting and a cashless-type settlement for tax obligations (shares withheld), a common, routine event when restricted awards convert to stock. This is not an insider "sale" for diversification or an open-market transaction, nor a purchase indicating additional personal investment.

Form 4

Period: 2026-02-27

EVP & Chief HR Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-27+17,011→ 83,481 total
Tax Payment
Common Stock
2026-02-27$50.14/sh−8,702$436,318→ 74,779 total
Exercise/Conversion
Common Stock
[F1]
2026-02-27+16,051→ 90,830 total
Tax Payment
Common Stock
2026-02-27$50.14/sh−8,211$411,700→ 82,619 total
Exercise/Conversion
Common Stock
[F1]
2026-02-27+13,657→ 96,276 total
Tax Payment
Common Stock
2026-02-27$50.14/sh−6,986$350,278→ 89,290 total
Exercise/Conversion
Restricted Stock Units - 2023 Award
[F1][F2]
2026-02-27−17,011→ 0 total
→ Common Stock (17,011 underlying)
Exercise/Conversion
Restricted Stock Units - 2024 Award
[F1][F3]
2026-02-27−16,051→ 16,053 total
→ Common Stock (16,051 underlying)
Exercise/Conversion
Restricted Stock Units - 2025 Award
[F1][F4]
2026-02-27−13,657→ 27,314 total
→ Common Stock (13,657 underlying)

Holdings

Footnotes (4)

[F1]Each Restricted Stock Unit (RSU) represents the right to receive one share of common stock on the payment date with respect to the date that the RSU vests.
[F2]Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2024.
[F3]Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2025.
[F4]Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2026.

Signature

Evgeniya Berezkina, Attorney-in-fact for Samantha Hammock|2026-03-03

1 file