Form 4: Verizon Executive Samantha Hammock Reports Phantom Stock Acquisition

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

Summary

• Samantha Hammock, EVP & Chief HR Officer of Verizon Communications, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of 78.815 units of phantom stock on February 13, 2025, at a price of $11.71 per unit.
• These phantom stock units are the economic equivalent of common stock shares and will be settled in cash upon certain events as per the deferred compensation plan.
• Hammock's holdings include 20,504.31 units of phantom stock, including those acquired through dividend reinvestment.
• The filing also includes a Power of Attorney authorizing William L. Horton, Jr., Dana C. Kahney, Evgeniya Berezkina and Meryl Friedman to file reports on Hammock's behalf regarding transactions in Verizon's equity securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates

Keywords

Form 4, Verizon Communications, Samantha Hammock, Phantom Stock, Beneficial Ownership, Deferred Compensation, Equity Securities, Power of Attorney