Form 4: Verizon Executive Samantha Hammock Reports Phantom Stock Acquisition
SEC Filing
EVP & Chief HR Officer of Verizon, Samantha Hammock, reports acquisition of phantom stock units settled in cash through a deferred compensation plan.
Summary
- Samantha Hammock, EVP & Chief HR Officer at Verizon Communications Inc., filed a Form 4.
- The form reports a transaction involving phantom stock acquired on August 29, 2024.
- 79.402 shares of phantom stock were acquired at a price of $11.77 each.
- These shares are the economic equivalent of Verizon common stock and will be settled in cash.
- Following the transaction, Hammock beneficially owns 18,913.593 shares of phantom stock through a deferred compensation plan, including shares acquired through dividend reinvestment.
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.
Key Dates
| Date | Description |
|---|---|
| 08/29/2024 | Date of phantom stock acquisition |
| 09/03/2024 | Date of Form 4 filing |
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