Form 4: Verizon Executive Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Samantha Hammock, EVP & Chief HR Officer of Verizon Communications Inc., reports the acquisition of phantom stock units through a deferred compensation plan.
Summary
- On April 11, 2024, Samantha Hammock, EVP & Chief HR Officer of Verizon Communications Inc., acquired 81.506 units of phantom stock at a price of $11.47 per unit.
- These phantom stock units are the economic equivalent of Verizon common stock and will be settled in cash upon events established by the reporting person in accordance with the deferred compensation plan.
- Following the transaction, Ms. Hammock beneficially owns 17,515.272 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. It doesn't convey any positive or negative sentiment about the company's performance or prospects.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. This filing indicates an acquisition of phantom stock, a common form of deferred compensation.
Key Dates
| Date | Description |
|---|---|
| 04/11/2024 | Date of phantom stock acquisition |
| 04/15/2024 | Date of Form 4 filing |
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