Form 4: AT&T Director Glenn Hutchins Reports Acquisition of Deferred Stock Units

Director Glenn Hutchins reports acquisition of deferred stock units and indirect ownership of AT&T common stock.

Summary

• Glenn Hutchins, a director of AT&T Inc., filed a Form 4 disclosing changes in beneficial ownership.
• The report indicates the acquisition of 2,509.5686 deferred stock units on October 31, 2024, under the AT&T Inc. Non-Employee Director Stock and Deferral Plan.
• These units are payable in cash, equivalent to the value of AT&T common stock, after Hutchins ceases to be a director.
• Hutchins also indirectly owns 164,329 shares of AT&T common stock through an LLC and 3,322.5834 shares through his mother's trust.
• The price of the deferred stock units was $22.54.
• Following the reported transactions, Hutchins indirectly owns 206,349.8435 derivative securities through a benefit plan.

Sentiment

Score: 5

Explanation: The document is a routine 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, based on the value of AT&T common stock at that time.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company securities, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the director's holdings in the company.

Key Dates