4/A: AT&T Executive Lori M. Lee Reports Changes in Beneficial Ownership

Lori M. Lee, a Global Marketing Officer & SEVP HR&Intl at AT&T, filed an amendment to a previous Form 4, detailing changes in her beneficial ownership of AT&T common stock due to the distribution of performance shares and tax recalculations.

Summary

• Lori M. Lee, an executive at AT&T, filed an amended Form 4 with the SEC.
• The amendment addresses changes in her beneficial ownership of AT&T common stock.
• The changes are related to the distribution of performance shares and a recalculation of federal taxes.
• On January 30, 2025, shares were withheld to satisfy federal taxes, shares were distributed in cash after taxes, and shares were distributed in issuer's shares after taxes.
• The filing reflects both direct and indirect ownership of AT&T common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing is specific to AT&T and its executive compensation practices.

Comparison to Industry Standards

• Executive compensation packages often include performance-based equity awards, such as the performance shares mentioned in the filing.
• Companies like Verizon and Comcast also utilize similar equity-based compensation strategies for their executives.
• The specific details of these plans, including vesting schedules and performance metrics, vary across companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.
• The transactions described have a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

beneficial ownership, Form 4, AT&T, performance shares, SEC filing, executive compensation, stock ownership