Form 4: Verizon Executive Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Samantha Hammock, EVP & Chief HR Officer of Verizon Communications Inc., reported the acquisition of phantom stock units on April 24, 2025, according to a Form 4 filing with the SEC.
Summary
- Samantha Hammock, an executive at Verizon Communications Inc., filed a Form 4 with the SEC.
- The filing reports a transaction involving phantom stock units, which are the economic equivalent of Verizon common stock and settled in cash.
- On April 24, 2025, Hammock acquired 80.28 phantom stock units at a price of $12.22 per unit.
- Following the reported transaction, Hammock beneficially owns 26,546.744 shares of common stock, including phantom stock acquired through dividend reinvestment, held indirectly through a deferred compensation plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. The acquisition of phantom stock is a common way for companies to incentivize and retain key employees.
Key Dates
| Date | Description |
|---|---|
| 04/24/2025 | Date of transaction: Acquisition of phantom stock units. |
| 04/25/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Verizon, Samantha Hammock, Phantom Stock, SEC Filing, Executive Compensation, Beneficial Ownership
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