Hammock Samantha 4

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.