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 93.915 shares of common stock through a deferred compensation plan.

Summary

• Samantha Hammock, EVP & Chief HR Officer at Verizon Communications Inc., filed a Form 4 detailing changes in beneficial ownership.
• On March 13, 2025, Hammock acquired 93.915 units of phantom stock at a price of $12.47 per unit.
• These phantom stock units are the economic equivalent of Verizon common stock and will be settled in cash upon events established by the reporting person in accordance with the deferred compensation plan.
• Following the transaction, Hammock beneficially owns 26,309.909 shares of common stock, including phantom stock acquired through dividend reinvestment, held indirectly through a deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing and does not convey any strong positive or negative sentiment. It simply reports a transaction.

Positives

• The acquisition of phantom stock aligns the executive's interests with the company's performance.
• The deferred compensation plan allows for tax-advantaged savings and investment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates an executive's participation in a deferred compensation plan, a common practice among publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include phantom stock or similar equity-based awards to incentivize performance and align executive interests with shareholder value.
• Companies like AT&T and T-Mobile also utilize similar compensation strategies for their executives.
• The specific terms and conditions of deferred compensation plans can vary widely across companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency into executive compensation practices.

Key Dates