Form 4: AT&T CEO John T. Stankey Reports Changes in Beneficial Ownership
SEC Form 4 Filing
AT&T CEO John T. Stankey reports acquisition of common stock through dividend reinvestment and holdings in benefit plans and trusts.
Summary
- On April 30, 2024, AT&T CEO John T. Stankey acquired 1,147.9863 shares of AT&T common stock at a price of $16.89 per share through dividend reinvestment.
- Following the transaction, Stankey's indirectly held beneficial ownership includes 71,020.0241 shares through a benefit plan, 15,127.9761 shares through a 401(k), 917,179 shares through a family trust, and 120,000 shares through an LP.
- The report also clarifies that deferred stock units are settled only in stock on a 1-for-1 basis.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports routine transactions. There are no indications of significant positive or negative events.
Positives
- The acquisition of shares through dividend reinvestment indicates confidence in the company's future performance.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company securities, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The reported transactions provide transparency to shareholders regarding the CEO's investment in the company.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of 401(k) plan statement used for reporting. |
| 04/30/2024 | Date of the transaction (acquisition of common stock). |
| 05/02/2024 | Date of signature for the Form 4 filing. |
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