Verizon (VZ) EVP Samantha Hammock Receives Phantom Stock Award

What Happened

Samantha Hammock, EVP & Chief Human Resources Officer of Verizon Communications (VZ), received an award/acquisition of 73.362 phantom stock units on 2026-04-23 at an imputed price of $13.47 per unit, a total economic value of $988. The filing reports this as a derivative award (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-23; Form 4 filed 2026-04-24 (appears timely).
• Transaction type: Award/Grant of phantom stock units (derivative).
• Quantity & value: 73.362 units × $13.47 = $988 total.
• Settlement: Phantom stock is cash-settled and represents the economic equivalent of a portion of a share, payable under the company’s deferred compensation plan (Footnote F1).
• Additional note: Amount includes phantom stock acquired through dividend reinvestment (Footnote F2).
• Shares/units owned after transaction: not specified in the filing.

Context

Phantom stock units are a form of deferred compensation that pay out in cash based on the value of company stock; they are not shares traded on the market. Such awards are common as executive compensation and do not by themselves indicate insider buying or selling sentiment.