Form 4: AT&T Director Michael B. McCallister Reports Acquisition of Deferred Stock Units

Director Michael B. McCallister reports acquisition of deferred stock units in AT&T Inc. through a non-employee director stock and deferral plan.

Summary

• Michael B. McCallister, a director of AT&T Inc., filed a Form 4 disclosing changes in beneficial ownership.
• The report indicates the acquisition of 1,686.4977 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 one share of AT&T common stock, after McCallister ceases to be a director.
• McCallister also indirectly owns 31,510 shares of common stock through a family trust, 30,566 shares through a GRAT, and 7,000 shares through another trust.
• Following the reported transaction, McCallister indirectly owns 138,672.6502 derivative securities through a benefit plan.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to director compensation, and does not indicate any significant positive or negative sentiment.

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

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The acquisition of deferred stock units by a director may have a minor positive impact on shareholder confidence due to alignment of interests.

Key Dates