Form 4: Verizon Executive Samantha Hammock Reports Acquisition of Phantom Stock
SEC Form 4 Filing
EVP & Chief HR Officer of Verizon, Samantha Hammock, reports acquiring phantom stock units equivalent to 22 shares of common stock at $11.94 each, through a deferred compensation plan.
Summary
- On October 24, 2024, Samantha Hammock, EVP & Chief HR Officer at Verizon Communications Inc., reported acquiring phantom stock units.
- The acquisition was made through a deferred compensation plan.
- The transaction involved 78.256 phantom stock units, each equivalent to a portion of one share of common stock.
- The price per phantom stock unit was $11.94, totaling an equivalent of 22 common shares.
- Following the reported transaction, Hammock beneficially owns 19,216.284 derivative securities through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding executive compensation, so the sentiment is neutral.
Industry Context
Executive compensation through stock and phantom stock is a common practice in publicly traded companies like Verizon to align management's interests with those of shareholders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 10/24/2024 | Date of transaction: Samantha Hammock acquired phantom stock units. |
| 10/28/2024 | Date of report: Form 4 filing date. |
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