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

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

Summary

• On June 28, 2024, Glenn Hutchins, a director of AT&T Inc., reported changes in beneficial ownership of AT&T common stock and derivative securities.
• Hutchins indirectly owns 164,329 shares of AT&T common stock through an LLC and 3,322.5834 shares through his mother's trust.
• He acquired 8,634.2229 deferred stock units pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan.
• These deferred stock units are payable in cash equal to the value of one share of AT&T common stock after he ceases to be a director.
• The price of the deferred stock units was $19.11.
• Hutchins also indirectly owns 200,943.5561 derivative securities through a benefit plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports transactions and holdings.

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 AT&T common stock price at the time of payout.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company director, as required by the SEC. It provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.

Key Dates