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 at AT&T Inc., filed a Form 4 on May 2, 2025, reporting changes in beneficial ownership.
• The report indicates that McCallister acquired 1,405.4754 deferred stock units on April 30, 2025, 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.
• The price of the deferred stock units was $27.7.
• Following the reported transaction, McCallister indirectly owns 62,076 shares of common stock through a family trust and 7,000 shares through another trust.
• He also indirectly owns 141,699.7716 derivative securities through a benefit plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, and the transaction itself doesn't inherently indicate positive or negative sentiment. It's a routine part of executive compensation.

Positives

• The acquisition of deferred stock units aligns the director's interests with the long-term performance of AT&T.

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, based on the value of AT&T common stock at that time.

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. This allows investors to monitor the buying and selling activity of those with privileged information.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and alignment with company performance.

Key Dates

Keywords

Form 4, AT&T, Director, Deferred Stock Units, Beneficial Ownership, Non-Employee Director Stock and Deferral Plan