Form 4: Verizon Executive Samantha Hammock Reports Acquisition of Phantom Stock
SEC Form 4 Filing
EVP & Chief HR Officer of Verizon, Samantha Hammock, reports acquisition of phantom stock units convertible to cash based on the value of Verizon common stock.
Summary
- Samantha Hammock, EVP & Chief HR Officer at Verizon Communications Inc., filed a Form 4 on June 10, 2024, reporting a transaction on June 6, 2024.
- The transaction involved the acquisition of 79.26 units of phantom stock at a price of $11.79 each.
- 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 18,136.95 shares of phantom stock through a deferred compensation plan, which includes shares 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 transactions by company insiders, providing transparency to investors regarding executive compensation and stock ownership.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of transaction: Acquisition of phantom stock. |
| 06/10/2024 | Date of Form 4 filing. |
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