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

Director Glenn Hutchins reports changes in beneficial ownership of AT&T Inc. stock, including acquisitions of deferred stock units and holdings through an LLC and a trust.

Summary

• Glenn Hutchins, a director of AT&T Inc., filed a Form 4 with the SEC detailing changes in his beneficial ownership of AT&T stock.
• The report indicates that Hutchins indirectly owns 164,329 shares of AT&T common stock through an LLC.
• He also indirectly owns 3,322.5834 shares through his mother's trust.
• Additionally, Hutchins acquired 12,074.6432 deferred stock units on May 31, 2024, under 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.
• Following these transactions, Hutchins indirectly owns 192,309.3332 derivative securities through a benefit plan.

Sentiment

Score: 5

Explanation: The document is a standard 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

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their investment activities in the company's stock.

Stakeholder Impact

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

Key Dates