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

Director Scott T. Ford reports acquisition of deferred stock units in AT&T Inc. under the Non-Employee Director Stock and Deferral Plan.

Summary

• On April 30, 2025, Scott T. Ford, a director of AT&T Inc., acquired 2,317.9375 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.
• Following the transaction, Mr. Ford directly owns 81,319 shares of AT&T common stock.
• Mr. Ford also indirectly owns 233,694.0362 derivative securities through a benefit plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and insider confidence in the company.

Positives

• The acquisition of deferred stock units aligns the director's interests with the long-term performance of AT&T.
• The director's continued holdings of AT&T stock demonstrates confidence in the company's future.

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 of stock ownership changes by a company director, which is common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.

Comparison to Industry Standards

• Director stock ownership and deferred compensation plans are common practices among large publicly traded companies like AT&T.
• Companies such as Verizon and Comcast also have similar director compensation structures that include stock and deferred stock units.
• The specific amounts and terms vary based on company policy and individual agreements.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.
• It assures stakeholders that the director's interests are aligned with the company's performance.

Key Dates

Keywords

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