Hammock Samantha 4
4 · VERIZON COMMUNICATIONS INC · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
Verizon (VZ) EVP Samantha Hammock Receives Phantom Stock Award
What Happened
Samantha Hammock, EVP & Chief Human Resources Officer at Verizon Communications (VZ), was granted 77.165 phantom shares on 2026-06-04. The award is recorded as a derivative acquisition at $12.81 per share, with a reported economic value of approximately $988. This was an award/grant (A) under Verizon’s deferred compensation arrangement, not a market purchase.
Key Details
- Transaction date: 2026-06-04; filing date: 2026-06-05 (timely filing).
- Instrument: Phantom stock (derivative); reported price per share: $12.81; total value: ~$988.
- Shares acquired: 77.165 phantom shares.
- Shares owned after transaction: Not disclosed in the filing.
- Footnotes:
- F1: Each phantom share is the economic equivalent of a portion of one common share and is settled in cash; payouts occur per elections under the deferred compensation plan.
- F2: Includes phantom stock acquired through dividend reinvestment.
- Transaction code: A = Award/Grant.
Context
Phantom stock is a cash‑settled deferred compensation vehicle — it does not transfer actual common shares and is typically part of routine executive compensation. The modest value (~$988) suggests this is a routine award/payment rather than a material equity stake change.
Insider Transaction Report
- Award
Phantom Stock (unitized)
[F1][F2]2026-06-04$12.81/sh+77.165$988→ 36,140.056 total(indirect: By Deferred Compensation Plan)→ Common Stock (22 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.
- [F2]Includes phantom stock acquired through dividend reinvestment.