Form 4: AT&T Director Glenn H. Hutchins Reports Changes in Beneficial Ownership

Director Glenn H. Hutchins reports acquisition of deferred stock units and indirect ownership of AT&T shares through an LLC and a trust.

Summary

• On January 31, 2025, Glenn H. Hutchins, a director of AT&T Inc., reported changes in beneficial ownership of AT&T securities.
• Hutchins acquired 2,413.0671 deferred stock units pursuant to 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 Hutchins ceases to be a director.
• The price of the deferred stock units was $23.73.
• Following the transaction, Hutchins indirectly owns 164,329 shares of AT&T common stock through an LLC and 3,322.5834 shares through a Mother's Trust.
• Hutchins also indirectly owns 208,762.9106 deferred stock units through a benefit plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Future Outlook

The deferred stock units will be paid out in cash after the reporting person ceases to be a director, with the value based on the price of AT&T common stock at the time of payout.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company director, which is a common practice in publicly traded companies.

Key Dates