Form 4: AT&T COO McElfresh Reports Changes in Beneficial Ownership

AT&T's Chief Operating Officer, Jeffery S. McElfresh, reported changes in his beneficial ownership of AT&T Inc. stock due to payroll deductions, company matching contributions, and 401(k) holdings.

Summary

• On February 28, 2025, Jeffery S. McElfresh, the Chief Operating Officer of AT&T Inc., reported changes in his beneficial ownership of the company's stock.
• These changes include the acquisition of 474.28 shares of common stock at a price of $27.41 per share through deferred stock units purchased with payroll deductions and company matching contributions.
• McElfresh also reported owning 8,122.6173 shares indirectly through a benefit plan and 557,461 shares directly.
• The filing also indicates holdings within a 401(k) plan, based on a statement dated January 31, 2025.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company. It is standard practice for officers of publicly traded companies to periodically report their transactions.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for corporate insiders in publicly traded companies, ensuring transparency and preventing insider trading.
• Similar filings are made by executives at companies like Verizon (VZ) and T-Mobile (TMUS) when they trade their company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a key executive.
• It assures stakeholders that insider trading is monitored and reported.

Key Dates