I surprisingly wasn't able to answer this through web searching. I'm just curious if the multiple meanings of "shema" (hear, listen, obey), have implications for how people's names were thought of.
I doubt it. "Shem" is a two-letter noun, and I don't think it ever gets "verbed" -- to name something in Hebrew always uses the word "to call", off the top of my head. "Shema" is a three-letter root, whose final letter, 'ayin, is pretty firmly fixed. (It's not one that easily gets taken away or added depended on conjugation.) (If you don't notice that final letter in Shema, that's because the 'Ayin is actually a fricative that became silent in many pronunciations.)