4/A: AT&T Chief Technology Officer Alan Legg Reports Changes in Beneficial Ownership

Chief Technology Officer of AT&T, Jeremy Alan Legg, files an amended Form 4 detailing changes in beneficial ownership of AT&T stock due to tax recalculations and performance share distributions.

Summary

• Jeremy Alan Legg, Chief Technology Officer of AT&T, filed an amended Form 4 with the SEC on February 26, 2025, reporting changes in his beneficial ownership of AT&T stock.
• The amendment addresses recalculations of shares needed to satisfy federal taxes on vested restricted stock units, resulting in adjustments to shares withheld and distributed.
• The reported transactions occurred on January 30, 2025, and involve common stock.
• Legg's direct holdings of common stock increased due to the transfer of 8,711 shares from an indirect benefit plan ownership to direct ownership as a result of performance share distribution.
• The price per share for the transactions was $24.02.
• Following the reported transactions, Legg directly owns 384,074 shares of AT&T common stock and indirectly owns 8,711 shares through a benefit plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It doesn't necessarily reflect broader industry trends but offers insight into the executive's holdings in the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders across all publicly traded companies, including AT&T's competitors like Verizon (VZ) and T-Mobile (TMUS).
• The reporting requirements are consistent across the industry, ensuring transparency in insider trading activities.
• The specific details of the transactions (e.g., tax withholding, performance share distribution) are unique to the individual's compensation package and tax situation, making direct comparisons challenging.

Key Dates