Form 4: Verizon Executive Acquires Phantom Stock Units Through Deferred Compensation Plan
SEC Form 4 Filing
Samantha Hammock, EVP & Chief HR Officer at Verizon, acquired 77.109 phantom stock units through a deferred compensation plan.
Summary
- Samantha Hammock, an Executive Vice President and Chief HR Officer at Verizon Communications Inc., acquired 77.109 units of phantom stock on November 21, 2024.
- These phantom stock units were acquired through a deferred compensation plan.
- Each phantom stock unit is equivalent to a portion of one share of common stock and will be settled in cash.
- The phantom stock units become payable upon events established by the reporting person in accordance with the deferred compensation plan.
- The reporting person also holds 19,684.562 phantom stock units through the deferred compensation plan, which includes units acquired through dividend reinvestment.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral to positive. The acquisition of phantom stock may indicate confidence in the company's future performance.
Positives
- The acquisition of phantom stock units by a key executive may indicate confidence in the company's future performance.
Industry Context
This is a routine filing related to executive compensation and is common practice for publicly traded companies.
Comparison to Industry Standards
- Many publicly traded companies use phantom stock or similar deferred compensation plans as part of their executive compensation packages.
- These plans are designed to align executive interests with shareholder value and provide long-term incentives.
- The specific terms and conditions of these plans can vary widely between companies.
Stakeholder Impact
- The acquisition of phantom stock units by a key executive may be viewed positively by shareholders as it aligns executive interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 11/21/2024 | Date of the phantom stock acquisition. |
| 11/25/2024 | Date the form was signed. |
Keywords
phantom stock, deferred compensation, executive compensation, insider trading, Verizon, VZ, Samantha Hammock
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