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

Director Cindy B. Taylor reported acquiring deferred stock units and disposing of depositary shares of AT&T Inc. in a recent SEC filing.

Summary

• Cindy B. Taylor, a director of AT&T Inc., filed a Form 4 with the SEC.
• The filing reports the acquisition of 2,468.9818 deferred stock units on April 30, 2024, 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 the director ceases to serve.
• The price of the derivative security is $16.89.
• 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 152,743.2232 derivative securities indirectly through a benefit plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment 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 standard practice for company insiders to report transactions in their company's securities, providing transparency to the market.

Key Dates