Form 4: AT&T CEO John T. Stankey Reports Gift of 52,000 Shares
SEC Form 4 Filing
AT&T CEO John T. Stankey reported a gift of 52,000 common stock shares and disclosed beneficial ownership of AT&T securities through family trusts, 401(k), benefit plans, and limited partnerships.
Summary
- On July 29, 2024, AT&T CEO John T. Stankey reported a transaction involving AT&T common stock.
- He gifted 52,000 shares of common stock.
- Following the transaction, Stankey's beneficial ownership includes 865,179 shares held indirectly through a family trust.
- He also has indirect ownership of 15,366.9633 shares through a 401(k) plan, based on a statement dated June 30, 2024.
- Additionally, he holds 71,020.0241 shares through a benefit plan and 120,000 shares through a limited partnership.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction by a company insider. 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 changes in the CEO's beneficial ownership of AT&T stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's stock transactions.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of 401(k) plan statement. |
| 07/29/2024 | Date of transaction (gift of shares). |
| 07/30/2024 | Date of signature on the form. |
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