Form 4: Verizon Executive Samantha Hammock Reports Acquisition of Phantom Stock Units
SEC Filing
EVP & Chief HR Officer of Verizon, Samantha Hammock, reports acquiring phantom stock units through a deferred compensation plan.
Summary
- Samantha Hammock, EVP & Chief HR Officer at Verizon Communications Inc., filed a Form 4 on September 30, 2024, reporting a transaction on September 26, 2024.
- The transaction involved the acquisition of 73.445 units of phantom stock at a price of $12.73 each.
- These phantom stock units are the economic equivalent of Verizon common stock and are settled in cash upon certain events as per the deferred compensation plan.
- Hammock also indirectly owns 19,061.745 shares of common 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, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 09/26/2024 | Date of transaction: Acquisition of phantom stock units. |
| 09/30/2024 | Date of Form 4 filing. |
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