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 May 31, 2024, Matthew K. Rose, a director of AT&T Inc., acquired 12,074.6432 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 was $18.22.
• Following the transaction, Rose indirectly owns 288,062.2259 derivative securities through a benefit plan.
• Rose also directly owns 98,100 shares of AT&T common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stability and alignment of interests. It is neither overwhelmingly positive nor negative.

Positives

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

Future Outlook

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

Industry Context

Directors often receive stock and option grants as part of their compensation, aligning their interests with those of shareholders. This filing reflects a standard practice in corporate governance.

Comparison to Industry Standards

• Director compensation packages often include deferred stock units to incentivize long-term value creation.
• Companies like Verizon and Comcast also utilize similar compensation structures for their board members.

Stakeholder Impact

• The acquisition of deferred stock units by a director can positively influence shareholder sentiment by demonstrating confidence in the company's future.

Key Dates