Form 4: AT&T Director Cindy B. Taylor Reports Acquisition of Deferred Stock Units

Director Cindy B. Taylor reports acquisition of deferred stock units and disposal of depositary shares.

Summary

• Cindy B. Taylor, a director at AT&T Inc., filed a Form 4 on November 4, 2024, reporting changes in beneficial ownership.
• On October 31, 2024, Taylor acquired 2,176.0327 deferred stock units under the AT&T Inc. Non-Employee Director Stock and Deferral Plan.
• These units are payable in cash equal to the value of one share of AT&T common stock after Taylor ceases to be a director.
• The price of the deferred stock units was $22.54.
• Taylor also disposed of 320 Depositary Shares (Preferred Stock, Series C).
• Following the reported transactions, Taylor beneficially owns 5,718 shares of common stock directly and 178,924.7799 derivative securities indirectly through a benefit plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reflects standard insider trading activity related to director compensation. The acquisition of deferred stock units is a positive sign of alignment with company performance, but the disposal of depositary shares is neutral.

Future Outlook

The deferred stock units will be paid out in cash after the reporting person ceases to be a director, at times elected by the director.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding director stock ownership.
• The acquisition of deferred stock units aligns director interests with shareholder value.

Key Dates