Form 4: AT&T Executive Lori M. Lee Reports Stock Transactions

Lori M. Lee, a Global Marketing Officer and SEVP HR & International at AT&T, reported the vesting and distribution of restricted stock units and associated tax withholdings on January 15, 2025.

Summary

• Lori M. Lee, a Global Marketing Officer and SEVP HR & International at AT&T, reported transactions involving AT&T common stock and restricted stock units.
• On January 15, 2025, Ms. Lee received 22,426 shares from restricted stock units that vested from a 2022 grant, and 4,934 shares were withheld for taxes at a price of $21.8 per share.
• Additionally, 20,558 shares vested from a 2023 grant, with 4,523 shares withheld for taxes at $21.8 per share.
• Finally, 23,932 shares vested from a 2024 grant, with 8,429 shares withheld for taxes at $21.8 per share.
• After these transactions, Ms. Lee directly owns 49,030 shares of AT&T common stock and indirectly owns 12,576.9921 shares through a 401(k) plan, 11,229.5522 shares through a benefit plan, and 391,151 shares through a 2024 trust.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative for the company's overall performance. It is a neutral event.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into executive compensation and ownership.

Comparison to Industry Standards

• The vesting and distribution of restricted stock units is a common form of executive compensation in publicly traded companies like AT&T.
• Tax withholding on stock distributions is a standard practice to cover income tax liabilities.
• The reporting of these transactions via SEC Form 4 is a regulatory requirement for company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the vesting of previously granted stock units to an executive.
• The tax withholdings may slightly reduce the number of shares held by the executive.

Key Dates

Keywords

AT&T, stock, restricted stock units, insider trading, SEC Form 4, vesting, executive compensation