Form 4: Verizon Executive Samantha Hammock Reports Stock Transactions

EVP & Chief HR Officer of Verizon, Samantha Hammock, reports the vesting and disposal of restricted stock units and associated tax withholding.

Summary

• Samantha Hammock, EVP & Chief HR Officer at Verizon Communications Inc., reported multiple transactions involving Verizon's common stock on March 1, 2025.
• These transactions involved the vesting of restricted stock units (RSUs) from the 2022, 2023, and 2024 awards, and the subsequent disposal of shares to cover tax obligations.
• Specifically, 9,083 RSUs from the 2022 award, 15,957 RSUs from the 2023 award, and 15,058 RSUs from the 2024 award vested.
• Following the vesting, 4,646, 8,162 and 7,703 shares were disposed of at a price of $43.1 to satisfy tax withholding requirements.
• After these transactions, Hammock directly owns 36,290 shares of Verizon common stock and indirectly owns 68 shares through a spouse.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard executive compensation practices; it doesn't indicate any particular positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
• The vesting schedules and terms of these awards are typically detailed in the company's proxy statements.
• Companies like AT&T and T-Mobile also use similar compensation strategies for their executives.

Stakeholder Impact

• The transactions have a minimal impact on shareholders, as they represent a small percentage of the total outstanding shares.
• The vesting of RSUs is part of the executive's compensation package and does not directly affect the company's operations or financial performance.

Key Dates