Form 4: AT&T Executive McElfresh Reports Changes in Beneficial Ownership

Chief Operating Officer Jeffery S. McElfresh reports changes in beneficial ownership of AT&T Inc. stock due to a distribution from a benefit plan and tax withholding.

Summary

• On March 11, 2024, Jeffery S. McElfresh, Chief Operating Officer of AT&T Inc., reported changes in his beneficial ownership of the company's stock.
• These changes are due to a mandatory tax withholding on a distribution from a benefit plan, resulting in the disposal of 4,909.7816 shares at a price of $17.18.
• Additionally, 8,359 shares were transferred from indirect ownership through a benefit plan to direct ownership due to the distribution.
• As a result of these transactions, McElfresh directly owns 411,954 shares and indirectly owns 6,811.5583 shares through a 401(k) plan as of January 31, 2024, and 130,096.861 shares by benefit plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in stock ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a key executive at AT&T.

Stakeholder Impact

• The changes in beneficial ownership are unlikely to have a significant impact on stakeholders, as they are related to routine transactions.

Key Dates