Form 4: AT&T Director Beth Mooney Acquires Deferred Stock Units

AT&T Director Beth E. Mooney acquired additional deferred stock units as part of her compensation plan, aligning her interests with shareholders.

Summary

• Beth E. Mooney, a Director at AT&T Inc. (T), acquired 1,812.7354 Deferred Stock Units (DSUs).
• The acquisition occurred on July 31, 2025, as part of the AT&T Inc. Non-Employee Director Stock and Deferral Plan.
• Each DSU is valued at $27.41, equating to the value of one share of AT&T common stock.
• These units will be paid out in cash upon Ms. Mooney ceasing to be a director, at times she elects.
• Following this transaction, Ms. Mooney beneficially owns 180,865.2703 Deferred Stock Units indirectly through a benefit plan.
• Additionally, Ms. Mooney directly owns 28,700 shares of AT&T Common Stock.

Sentiment

Score: 7

Explanation: The filing reflects a routine compensation event for a director, which is generally positive as it aligns the director's interests with shareholders, indicating continued commitment to the company.

Positives

• The acquisition of deferred stock units by a director demonstrates continued alignment of management's interests with those of shareholders.
• The transaction is part of a pre-existing, structured compensation plan for non-employee directors, indicating a stable governance framework.

Future Outlook

The filing indicates that the acquired deferred stock units will be paid out in cash equal to the value of one share of AT&T common stock at times elected by the director, after the reporting person ceases to be a director.

Industry Context

This filing represents a routine insider transaction, common in the telecommunications industry and across publicly traded companies, where non-employee directors receive equity-based compensation as part of their service.

Comparison to Industry Standards

• The use of deferred stock units as a component of non-employee director compensation is a standard practice across many large-cap companies, including those in the telecommunications sector like Verizon (VZ) and T-Mobile (TMUS), to align director incentives with long-term shareholder value.
• The structure, where units convert to cash upon cessation of service, is a common mechanism to defer income and manage tax implications for directors, consistent with corporate governance best practices.

Related Party Transactions

• The acquisition of deferred stock units by a director from the company is a standard compensation arrangement under the AT&T Inc. Non-Employee Director Stock and Deferral Plan.

Stakeholder Impact

• Shareholders: The transaction enhances the alignment of the director's financial interests with those of the shareholders, as her compensation is tied to the company's stock performance.
• Employees, Customers, Suppliers, Creditors: No direct or immediate impact from this specific insider transaction.

Next Steps

• Payout of the deferred stock units in cash upon Beth E. Mooney ceasing to be a director, at times elected by her.

Key Dates

Keywords

AT&T, T, Form 4, Insider Transaction, Director Compensation, Deferred Stock Units, Beth E. Mooney, SEC Filing