Form 4: AT&T CFO Pascal Desroches Reports Changes in Beneficial Ownership

AT&T's CFO, Pascal Desroches, reported changes in his beneficial ownership of AT&T stock due to deferred stock unit purchases and 401(k) holdings.

Summary

• Pascal Desroches, AT&T's Senior Executive VP and CFO, filed a Form 4 on October 2, 2024, reporting changes in beneficial ownership of AT&T Inc. stock.
• On September 30, 2024, Desroches acquired 2,035.9846 shares of common stock at a price of $22 per share through deferred stock unit purchases with payroll deductions and company matching.
• Desroches's total direct holdings of AT&T common stock amount to 568,655 shares.
• He also indirectly owns 214,044.228 shares through a benefit plan and 5,360.6839 shares through a 401(k) plan, based on an 8/30/2024 statement.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard disclosure of stock transactions. It doesn't inherently indicate positive or negative performance.

Positives

• The CFO's continued investment in company stock through deferred stock units and participation in the 401(k) plan could be seen as a positive signal.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in ownership and potential alignment of interests.

Stakeholder Impact

• Shareholders can use this information to understand the CFO's investment in the company.

Key Dates