Form 4: Verizon Executive Samantha Hammock Reports Acquisition of Phantom Stock

EVP & Chief HR Officer of Verizon, Samantha Hammock, reports acquiring phantom stock units equivalent to 117.137 shares of common stock through a deferred compensation plan.

Summary

• Samantha Hammock, EVP & Chief HR Officer of Verizon Communications Inc., filed a Form 4 on March 4, 2024, reporting a transaction that occurred on February 29, 2024.
• The transaction involved the acquisition of 117.137 units of phantom stock, which are the economic equivalent of common stock, through a deferred compensation plan.
• These phantom stock units will be settled in cash upon events established by the reporting person in accordance with the deferred compensation plan.
• Following the reported transaction, Hammock beneficially owns 17,273.424 units of phantom stock through a deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing an executive's acquisition of phantom stock, which is a common component of compensation packages. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive compensation packages often include phantom stock as a way to align executive interests with shareholder value, providing a cash-settled equivalent to equity ownership.

Key Dates