Form 4: Verizon Executive Samantha Hammock Reports Changes in Beneficial Ownership
SEC Filing
EVP & Chief HR Officer of Verizon, Samantha Hammock, reports changes in beneficial ownership of company stock, including phantom stock units acquired through a deferred compensation plan.
Summary
- Samantha Hammock, EVP & Chief HR Officer at Verizon Communications Inc., filed a Form 4 on October 15, 2024, reporting changes in her beneficial ownership of Verizon stock.
- The report details the acquisition of phantom stock units through a deferred compensation plan on October 10, 2024.
- 76.283 phantom stock units were acquired at a price of $12.25 each.
- Hammock's holdings include 19,138.028 shares of common stock held indirectly through a deferred compensation plan, including phantom stock acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the executive's holdings, which can be related to compensation or personal investment decisions.
Stakeholder Impact
- Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 10/10/2024 | Date of transaction involving phantom stock acquisition. |
| 10/15/2024 | Date of Form 4 filing. |
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