Form 4: AT&T Director Scott T. Ford Boosts Indirect Holdings Through Deferred Stock Units Under 10b5-1 Plan

AT&T Director Scott T. Ford has increased his indirect beneficial ownership of the company's stock by acquiring additional deferred stock units through a pre-planned company compensation program.

Summary

• Scott T. Ford, a Director of AT&T Inc. (T), reported changes in his beneficial ownership.
• On May 30, 2025, Mr. Ford acquired 7,913.6691 Deferred Stock Units (DSUs) at a price of $27.8 per unit.
• These DSUs were acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Each DSU is payable in cash, equivalent to the value of one share of AT&T common stock, at times elected by the director after he ceases to be a director.
• Following this transaction, Mr. Ford indirectly beneficially owns 241,607.7053 Deferred Stock Units through a benefit plan.
• Mr. Ford directly beneficially owns 81,319 shares of AT&T Common Stock.

Sentiment

Score: 7

Explanation: The acquisition of deferred stock units by a director is generally viewed positively as it aligns management's interests with shareholders, although it's part of a compensation plan rather than an open market purchase, and executed under a Rule 10b5-1 plan.

Positives

• AT&T Director Scott T. Ford increased his indirect beneficial ownership in the company by acquiring 7,913.6691 Deferred Stock Units, signaling continued alignment with shareholder interests.
• The acquisition of Deferred Stock Units through the Non-Employee Director Stock and Deferral Plan demonstrates the company's structured approach to compensating and retaining its board members.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-planned and transparent acquisition of company equity.

Negatives

• N/A

Risks

• N/A

Future Outlook

This Form 4 filing reports an insider transaction and does not contain forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• N/A

Industry Context

This filing details an individual insider transaction and does not provide broader industry context or trends.

Comparison to Industry Standards

• N/A

Management Changes

Corporate Governance

Legal Proceedings

• N/A

Related Party Transactions

• The acquisition of Deferred Stock Units by Director Scott T. Ford is part of the AT&T Inc. Non-Employee Director Stock and Deferral Plan, a standard compensation arrangement for non-employee directors.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value through equity-linked compensation.

Next Steps

• The deferred stock units will be paid out in cash, equivalent to the value of one share of AT&T common stock, at times elected by the director after he ceases to be a director.

Key Dates

Keywords

AT&T, T, Scott T. Ford, Form 4, SEC filing, insider transaction, director ownership, deferred stock units, beneficial ownership, corporate governance, Rule 10b5-1