Form 4: AT&T Director Beth E. Mooney Reports Acquisition of Deferred Stock Units

Director Beth E. Mooney reports acquisition of deferred stock units in AT&T Inc. through a non-employee director plan.

Summary

• On May 31, 2024, Beth E. Mooney, a director of AT&T Inc., acquired 12,074.6432 deferred stock units.
• These units were acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan.
• The price of the derivative security was $18.22.
• Following the transaction, Mooney indirectly owns 163,094.8526 derivative securities through a benefit plan.
• Mooney also directly owns 28,700 shares of AT&T common stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't contain information that would drastically alter investor sentiment, but it does show continued director investment in the company.

Positives

• The acquisition of deferred stock units aligns the director's interests with the long-term performance of AT&T.

Future Outlook

After the reporting person ceases to be a director, each unit is paid out in cash equal to the value of one share of AT&T common stock at times elected by the director.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of deferred stock units by a director can reassure shareholders that management's interests are aligned with theirs.

Key Dates