Form 4: AT&T Executive Lori M. Lee Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Lori M. Lee, Global Marketing Officer & SEVP International at AT&T, reports changes in beneficial ownership of AT&T stock, including acquisitions through payroll deductions and company matching contributions, as well as adjustments in holdings through joint trusts and benefit plans.
Summary
- Lori M. Lee, a Global Marketing Officer & SEVP International at AT&T, filed a Form 4 with the SEC detailing changes in her beneficial ownership of AT&T stock.
- On January 19, 2024, she disposed of 62,459 shares of common stock through a gift.
- On the same date, she acquired 62,459 shares through a gift, maintaining a direct ownership of 29,805 shares.
- She also holds 358,368 shares indirectly through a joint trust.
- On February 29, 2024, she acquired 276.4322 shares at $16.93 per share through deferred stock units purchased with payroll deductions and company matching contributions.
- She holds 12,416.4702 shares indirectly through a benefit plan and 11,290.0271 shares through a 401(k) plan as of January 31, 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing primarily reflects routine transactions related to compensation and benefit plans, with no indication of significant concern or excitement.
Positives
- The acquisition of shares through deferred stock units indicates ongoing investment in the company's future.
- The reporting person's continued holding of shares through various means (direct, joint trust, benefit plan, 401(k)) suggests confidence in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's sentiment and potential future performance.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the trading activities of a key executive.
- The acquisition of shares through compensation plans may have a minor positive impact on employee morale.
Key Dates
| Date | Description |
|---|---|
| 01/19/2024 | Gift resulting in disposal and acquisition of 62,459 shares of common stock. |
| 01/31/2024 | Date of 401(k) plan statement used for reporting. |
| 02/29/2024 | Acquisition of 276.4322 shares through deferred stock units at $16.93 per share. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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