Form 4: AT&T Director Matthew K. Rose Reports Acquisition of Deferred Stock Units

Director Matthew K. Rose reports acquiring deferred stock units in AT&T Inc. through the Non-Employee Director Stock and Deferral Plan.

Summary

• On October 31, 2024, Matthew K. Rose, a director of AT&T Inc., reported the acquisition of 3,689.0809 deferred stock units.
• These units were acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan.
• The price of the derivative security is $22.54.
• Following the transaction, Rose beneficially owns 303,335.5081 derivative securities indirectly through a benefit plan.
• Rose also directly owns 98,100 shares of AT&T common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a director's continued investment in the company through a standard compensation plan.

Positives

• The acquisition of deferred stock units by a director signals confidence in the company's future performance.

Future Outlook

After the reporting person ceases to be a director, each unit is paid out in cash equal to the value of one share of AT&T common stock at times elected by the director.

Industry Context

Acquisition of stock units by directors is a common practice in publicly traded companies as part of their compensation and incentive plans, aligning the interests of the directors with those of the shareholders.

Comparison to Industry Standards

• Director compensation packages often include stock options, restricted stock units (RSUs), or deferred stock units (DSUs) to incentivize long-term value creation.
• The specific terms and amounts of these awards vary widely based on company size, industry, and individual performance.
• Comparing AT&T's director compensation structure to that of its peers, such as Verizon or Comcast, would provide a more detailed benchmark.

Stakeholder Impact

• The acquisition of deferred stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates