Form 4: AT&T Director Scott T. Ford Reports Acquisition of Deferred Stock Units

Director Scott T. Ford reports acquisition of deferred stock units and updates beneficial ownership of AT&T stock.

Summary

• On June 28, 2024, Scott T. Ford, a director of AT&T Inc., acquired 8,634.2229 deferred stock units 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 Mr. Ford ceases to be a director, at times elected by him.
• The price of the derivative security is $19.11.
• Following the transaction, Mr. Ford's indirect beneficial ownership includes 222,709.7522 derivative securities through a benefit plan.
• Mr. Ford also directly owns 81,319 shares of AT&T common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

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.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common among publicly traded companies.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and alignment of interests.

Key Dates