Form 4: Verizon Executive Reports Acquisition of Phantom Stock Units

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

Summary

• Samantha Hammock, an executive at Verizon Communications Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of 79.658 units of phantom stock on July 3, 2024, at a price of $11.73 per unit.
• These phantom stock units are the economic equivalent of Verizon common stock and will be settled in cash upon certain events as per the deferred compensation plan.
• Hammock also indirectly owns 18,297.998 shares of Verizon common stock through a deferred compensation plan, including 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 units become payable upon events established by the reporting person in accordance with the deferred compensation plan.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with company performance.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation.

Key Dates