Form 4: Verizon Executive Samantha Hammock Reports Acquisition of Phantom Stock Units
SEC Filing
EVP & Chief HR Officer of Verizon Communications, Samantha Hammock, reports acquiring phantom stock units equivalent to 78.037 shares of common stock through a deferred compensation plan.
Summary
- Samantha Hammock, EVP & Chief HR Officer at Verizon Communications Inc., filed a Form 4 indicating changes in beneficial ownership.
- On March 28, 2024, Hammock acquired 78.037 units of phantom stock at a price of $11.98 each.
- These phantom stock units are the economic equivalent of Verizon common stock and will be settled in cash upon certain events as per the deferred compensation plan.
- Following the transaction, Hammock beneficially owns 17,433.766 units of phantom stock through a deferred compensation plan, which includes phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on the market.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction: Acquisition of phantom stock units |
| 04/01/2024 | Date of Form 4 filing |
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