Form 4: AT&T Director Stephen J. Luczo Reports Changes in Beneficial Ownership

Director Stephen J. Luczo reports changes in beneficial ownership of AT&T Inc. stock, including acquisitions of deferred stock units and holdings through family and other trusts.

Summary

• Stephen J. Luczo, a director of AT&T Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The report indicates that Luczo indirectly owns 167,000 shares of AT&T common stock through a family trust and 395,500 shares through another trust.
• Additionally, Luczo acquired 12,074.6432 deferred stock units pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan on May 31, 2024.
• These deferred stock units are payable in cash, equivalent to the value of one share of AT&T common stock, after Luczo ceases to be a director, at times he elects.
• Following the reported transactions, Luczo indirectly owns 96,151.2418 derivative securities through a benefit plan.

Sentiment

Score: 5

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

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 standard practice for corporate insiders to report changes in their ownership of company stock, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the director's holdings and transactions.

Key Dates