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VERIZON COMMUNICATIONS INC·4

Jun 5, 2:10 PM ET

Hammock Samantha 4

Research Summary

AI-generated summary

Updated

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.