Form 4: Verizon Executive Samantha Hammock Reports Acquisition of Phantom Stock
SEC Form 4
EVP & Chief HR Officer of Verizon, Samantha Hammock, reports acquiring phantom stock units equivalent to 74.707 shares of common stock at $12.51 per unit through a deferred compensation plan.
Summary
- Samantha Hammock, EVP & Chief HR Officer at Verizon Communications Inc., filed a Form 4 on September 16, 2024.
- The report details the acquisition of phantom stock units on September 12, 2024, through a deferred compensation plan.
- 74.707 phantom stock units were acquired at a price of $12.51 each.
- These phantom stock units are the economic equivalent of Verizon common stock and are settled in cash upon certain events.
- Hammock also indirectly owns 18,988.3 phantom stock units through a deferred compensation plan, including those 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 reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of transaction: Acquisition of phantom stock units. |
| 09/16/2024 | Date of Form 4 filing. |
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