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. through a non-employee director plan.

Summary

• On April 30, 2025, William E. Kennard, a director of AT&T Inc., acquired 1,209.6505 deferred stock units.
• These units were acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan.
• The price per unit is $27.7.
• Following the transaction, Kennard beneficially owns 121,956.7459 shares indirectly through a benefit plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction related to director compensation.

Positives

• The acquisition of deferred stock units by a director signals confidence in the company's future performance.

Future Outlook

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

Industry Context

Directors commonly receive stock options and deferred stock units as part of their compensation packages, aligning their interests with those of shareholders.

Stakeholder Impact

• The acquisition of deferred stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates

Keywords

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