Hammock Samantha 4

What Happened

• Samantha Hammock, EVP & Chief HR Officer of Verizon Communications (VZ), was granted 65.93 shares of phantom stock on July 1, 2026. The filing reports an acquisition price of $11.99 per share, for a reported value of $791 (transaction code A — award/grant).

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 6, 2026 (Accession: 0001896468-26-000038).
• Award: 65.93 phantom shares at $11.99 per share; reported aggregate value $791.
• 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; payout occurs upon events selected under the deferred compensation plan.
  • F2: The amount includes phantom stock acquired through dividend reinvestment.
• Transaction code: A (grant/award). No sale or open‑market purchase was reported.

Context

• Phantom stock is a derivative, cash‑settled form of compensation (not actual stock delivered). Such awards are typically part of executive deferred compensation and do not necessarily signal buying or selling intent in the market. The reported dollar amount here is relatively small (~$791) compared with typical executive compensation or market positions. The filing was submitted five days after the transaction date; Form 4s are generally required within two business days of the transaction.