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

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

Summary

• Samantha Hammock, EVP & Chief HR Officer of Verizon Communications Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 27, 2025, Hammock acquired 5,711.684 phantom stock units, each equivalent to a share of common stock and settled in cash.
• The acquisition price for the phantom stock was $12.34 per share, resulting in 1,629 shares.
• Following the reported transaction, Hammock beneficially owns 26,215.994 derivative securities through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't contain overtly positive or negative information, hence a neutral sentiment score.

Positives

• The acquisition of phantom stock units and common stock through a deferred compensation plan indicates confidence in Verizon's future performance.

Industry Context

Executive compensation packages often include stock options and phantom stock to align management's interests with those of shareholders. This Form 4 filing reflects a routine transaction related to executive compensation at Verizon.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.

Key Dates