Hammock Samantha 4

What Happened
Samantha Hammock, Executive Vice President and Chief Human Resources Officer at Verizon Communications (VZ), was granted 68.456 phantom shares on 2026-03-12. The award is recorded at $14.44 per share for a total economic value of about $989. This was an award/grant (derivative), not an open‑market purchase or sale.

Key Details

• Transaction type: Award / grant of phantom stock (derivative) — code A.
• Date and terms: 2026-03-12, 68.456 phantom shares at $14.44 each; total ~$989.
• Settlement: Phantom shares are cash‑settled (not actual common shares).
• Shares owned after transaction: Not specified in the provided filing details.
• Filing: Form 4 filed 2026-03-13 (appears timely under standard reporting rules).
• Footnotes from the filing:
  • F1: Each phantom share is the economic equivalent of a portion of one common share and is paid in cash; payout timing is governed by the reporting person’s deferred compensation elections.
  • F2: The reported phantom stock includes amounts acquired through dividend reinvestment.

Context
Phantom stock awards are compensation and represent a cash‑settled right tied to the company’s stock value; they do not transfer voting rights or actual shares. Such awards are routine elements of executive compensation and do not, by themselves, indicate a purchase or sale sentiment by the insider.