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

Global Marketing Officer and SEVP International of AT&T, Lori M. Lee, reports changes in beneficial ownership of AT&T Inc. stock due to tax withholding and benefit plan distributions.

Summary

• On March 11, 2024, Lori M. Lee, Global Marketing Officer & SEVP International at AT&T Inc., reported changes in her beneficial ownership of the company's stock.
• A transaction occurred due to mandatory tax withholding on a distribution from a benefit plan, resulting in the disposal of 1,749.2148 shares at a price of $17.18.
• Additionally, 2,978 shares were transferred from indirect ownership through a benefit plan to direct ownership due to a distribution from the plan.
• Following these transactions, Lee directly owns 32,783 shares and indirectly owns 358,368 shares through a joint trust and 11,290.0271 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine transactions related to tax obligations and benefit plan distributions, rather than discretionary trading activity.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, allowing investors to monitor the buying and selling of securities by company insiders.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on stakeholders as they are related to individual tax obligations and benefit plan distributions.

Key Dates