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 24 shares of common stock at $11.25 each on May 23, 2024.
Summary
- On May 23, 2024, Samantha Hammock, EVP & Chief HR Officer at Verizon Communications Inc., acquired phantom stock units.
- The transaction involved the acquisition of phantom stock equivalent to 24 shares of common stock at a price of $11.25 per share.
- Following the reported transaction, Hammock beneficially owns 18,057.69 phantom stock units through a deferred compensation plan, including those acquired through dividend reinvestment.
- Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash upon events established by the reporting person in accordance with the deferred compensation plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of transaction: Acquisition of phantom stock. |
| 05/28/2024 | Date of report signature. |
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