Form 4: Verizon Executive Samantha Hammock Reports Phantom Stock Transaction
SEC Form 4 Filing
EVP & Chief HR Officer of Verizon, Samantha Hammock, reports acquisition of phantom stock units through a deferred compensation plan.
Summary
- Samantha Hammock, EVP & Chief HR Officer at Verizon Communications Inc., filed a Form 4 on December 20, 2024, reporting a transaction involving phantom stock.
- On December 19, 2024, Hammock acquired phantom stock (unitized) with a value equivalent to 81.944 shares of common stock at a price of $11.41 per unit.
- The transaction was conducted through a deferred compensation plan.
- Hammock's beneficial ownership following the reported transaction includes 19,843.52 units of phantom stock, including those acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity within an executive's deferred compensation plan, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 12/19/2024 | Date of phantom stock transaction |
| 12/20/2024 | Date Form 4 was filed |
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