Form 4: Verizon Executive Acquires Phantom Stock Units

Samantha Hammock, EVP & Chief HR Officer of Verizon Communications Inc., acquired phantom stock units on April 25, 2024, as reported in a Form 4 filing with the SEC.

Summary

• Samantha Hammock, EVP & Chief HR Officer of Verizon Communications Inc., reported a transaction involving phantom stock units.
• On April 25, 2024, Hammock acquired phantom stock units, with each unit representing the economic equivalent of a portion of one share of Verizon's common stock.
• The acquisition involved 83.452 phantom stock units at a price of $24 per unit.
• Following the transaction, Hammock beneficially owns 17,598.724 phantom stock units through a deferred compensation plan, which includes units acquired through dividend reinvestment.
• The phantom stock units are settled in cash and become payable upon events established by the reporting person in accordance with the deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure of executive compensation and stock ownership, common among publicly traded companies like Verizon. It provides transparency into the holdings of key personnel.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, and creditors as it involves phantom stock units and not actual shares.

Key Dates