Form 4: Verizon EVP Samantha Hammock Reports Acquisition of Phantom Stock

Samantha Hammock, EVP & Chief HR Officer of Verizon Communications Inc., reports acquiring phantom stock units through a deferred compensation plan.

Summary

• On April 10, 2025, Samantha Hammock, EVP & Chief HR Officer of Verizon Communications Inc., reported a transaction involving phantom stock.
• Hammock acquired 80.079 units of phantom stock at a price of $12.25 each.
• These phantom stock units are the economic equivalent of Verizon common stock and are settled in cash upon certain events as per the deferred compensation plan.
• Following the reported transaction, Hammock beneficially owns 26,466.464 units of phantom stock through a deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The phantom stock becomes payable upon events established by the reporting person in accordance with the deferred compensation plan.

Industry Context

This filing is a routine disclosure of executive compensation in the form of phantom stock, a common practice among publicly traded companies to align executive interests with shareholder value.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves phantom stock, which is settled in cash and does not dilute existing shareholders' equity.

Key Dates

Keywords

Form 4, Verizon, Samantha Hammock, Phantom Stock, Deferred Compensation, Executive Compensation, Beneficial Ownership