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

AT&T Director Cindy B. Taylor has filed a Form 4 disclosing the acquisition of 6,219.765 deferred stock units and her current direct holdings of common stock and depositary shares.

Summary

• Cindy B. Taylor, a Director of AT&T Inc., reported her beneficial ownership and recent transactions.
• Acquired 6,219.765 Deferred Stock Units on June 30, 2025, pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan.
• These deferred stock units are convertible into cash equal to the value of one share of AT&T common stock upon the director ceasing to be a director, at times elected by the director.
• The price of the derivative security (Deferred Stock Units) was $28.94.
• Following this transaction, the reporting person indirectly beneficially owns 196,964.0096 Deferred Stock Units.
• Directly owns 5,718 shares of AT&T Common Stock.
• Directly owns 320 Depositary Shares, each representing a 1/1,000th interest in a share of 4.750% Perpetual Preferred Stock, Series C.

Sentiment

Score: 5

Explanation: Neutral. This is a routine disclosure of insider holdings and compensation, not indicative of positive or negative company performance or significant operational changes.

Positives

• The acquisition of deferred stock units aligns the director's incentives with the long-term performance of the company.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction disclosure for a telecommunications company, reflecting a director's compensation structure rather than broader industry trends or competitive positioning.

Corporate Governance

Related Party Transactions

• Acquisition of deferred stock units by a director from the company as part of a pre-existing non-employee director stock and deferral plan.

Stakeholder Impact

• Shareholders: The director's increased holdings of deferred stock units further align her financial interests with those of the shareholders, potentially fostering more shareholder-centric decision-making.

Next Steps

• 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 ceasing to be a director.

Key Dates

Keywords

AT&T, T, Form 4, SEC filing, insider trading, beneficial ownership, director, stock units, deferred compensation, common stock, preferred stock, corporate governance