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

Director Stephen Luczo reports acquisition of deferred stock units and adjustments to beneficial ownership of AT&T stock through family trusts and benefit plans.

Summary

• On March 31, 2025, Director Stephen Luczo reported changes in his beneficial ownership of AT&T Inc. securities.
• He acquired deferred stock units under the AT&T Inc. Non-Employee Director Stock and Deferral Plan.
• These units, totaling 221.0042, will be paid out in cash equal to the value of one share of AT&T common stock after he ceases to be a director.
• The price of the derivative security is $28.28.
• Luczo also indirectly owns 167,000 shares of Common Stock By Family Trust.
• Luczo also indirectly owns 395,500 shares of Common Stock By Trust.
• Following the reported transactions, Luczo beneficially owns 107,724.883 derivative securities through a benefit plan.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The acquisition of deferred stock units is a positive sign of alignment between management and shareholder interests.

Positives

• The acquisition of deferred stock units aligns the director's interests with the long-term performance of the company.

Future Outlook

The deferred stock units will be paid out in cash after the reporting person ceases to be a director, based on the value of AT&T common stock at the time of payout.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in beneficial ownership by a company director.

Key Dates

Keywords

beneficial ownership, Form 4, AT&T, director, Stephen Luczo, deferred stock units, securities, transactions