4/A: AT&T Executive McAtee Reports Changes in Beneficial Ownership After Tax Recalculation
SEC Form 4/A
David R. McAtee II, a Senior Executive VP and General Counsel at AT&T, filed an amended Form 4 detailing changes in his beneficial ownership of AT&T stock due to a recalculation of shares needed to satisfy federal taxes on distributed performance shares.
Summary
- David R. McAtee II, a Senior Executive VP and General Counsel at AT&T, filed an amended Form 4 on February 26, 2025, reporting changes in his beneficial ownership of AT&T stock.
- The changes are related to a recalculation of shares withheld and distributed to satisfy federal taxes on the distribution of performance shares.
- On January 30, 2025, 116,593.6162 shares were withheld to cover taxes at a price of $24.02 per share.
- Also on January 30, 2025, 118,613.3238 shares were distributed in cash after taxes at a price of $24.02 per share.
- Additionally, 61,103 shares were distributed in issuer's shares after taxes.
- McAtee's direct ownership of common stock is now 300,960 shares, reflecting a transfer of 61,103 shares from indirect ownership through a benefit plan to direct ownership due to distribution from the benefit plan.
- His indirect ownership through a benefit plan is now 0 shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership due to tax recalculations. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders. This filing is an amendment, suggesting a correction or update to a previously reported transaction.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The changes in ownership are related to compensation and tax obligations, which can affect employee morale and perception of company performance.
Key Dates
| Date | Description |
|---|---|
| 01/30/2025 | Date of the transactions involving the withholding and distribution of shares. |
| 02/03/2025 | Date of original filing (amended by this filing). |
| 02/26/2025 | Date of the amended Form 4/A filing. |
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