Form 4: AT&T Executive Lori M. Lee Reports Stock Acquisitions Through Benefit Plans and Trust
SEC Form 4 Filing
Lori M. Lee, Global Marketing Officer & SEVP HR & International at AT&T, reported the acquisition of common stock through benefit plans and a trust as of December 31, 2024.
Summary
- Lori M. Lee, an officer at AT&T Inc., filed a Form 4 detailing changes in beneficial ownership of AT&T common stock.
- The report indicates that Lee acquired shares of common stock through automatic payroll deductions and company matching contributions to a benefit plan on December 31, 2024, at a price of $22.77 per share, totaling 329.3808 shares.
- As of the report, Lee indirectly owns 11,229.5522 shares through a benefit plan, 12,576.9921 shares through a 401(k), and 391,151 shares through a 2024 trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The report indicates continued investment in AT&T by a high-ranking officer, signaling confidence in the company's future.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 11/30/2024 | Date of 401(k) plan statement used for reporting. |
| 12/31/2024 | Date of the stock acquisition transaction. |
| 01/03/2025 | Date of the Form 4 filing. |
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