Form 4: Verizon Executive Samantha Hammock Reports Acquisition of Phantom Stock
SEC Filing
EVP & Chief HR Officer of Verizon, Samantha Hammock, reports acquiring phantom stock units under the company's deferred compensation plan.
Summary
- Samantha Hammock, EVP & Chief HR Officer of Verizon Communications Inc., filed a Form 4 on November 12, 2024, reporting a transaction on November 7, 2024.
- The transaction involved the acquisition of phantom stock units, with each unit equivalent to a share of common stock and settled in cash.
- Hammock acquired 80.752 phantom stock units at a price of $11.57 each.
- Following the transaction, Hammock beneficially owns 19,607.453 phantom stock units through a deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 11/07/2024 | Date of transaction: acquisition of phantom stock units |
| 11/12/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.