Form 4: AT&T Director William E. Kennard Reports Acquisition of Deferred Stock Units

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

Summary

• William E. Kennard, a director of AT&T Inc., reported the acquisition of 1,451.518 deferred stock units on October 31, 2024.
• These units were acquired under the AT&T Inc. Non-Employee Director Stock and Deferral Plan.
• Each unit will be paid out in cash equal to the value of one share of AT&T common stock after Kennard ceases to be a director, at times elected by him.
• The price of the acquisition was $22.54.
• Following the transaction, Kennard indirectly owns 119,351.3933 derivative securities through a benefit plan.

Sentiment

Score: 5

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

Future Outlook

Each deferred stock unit will be paid out in cash equal to the value of one share of AT&T common stock after the reporting person ceases to be a director, at times elected by the director.

Industry Context

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

Stakeholder Impact

• The acquisition of deferred stock units by a director aligns the director's interests with those of the shareholders.

Key Dates