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

Kenny Kellyn Smith, Chief Marketing & Growth Officer at AT&T, reports changes in beneficial ownership of company stock due to a benefit plan distribution and tax withholding.

Summary

• Kenny Kellyn Smith, an officer at AT&T, filed a Form 4 detailing changes in their beneficial ownership of AT&T stock.
• The report indicates a transaction date of March 11, 2024.
• 3,512.3571 shares were disposed of due to mandatory tax withholding at a price of $17.18 per share.
• 5,976 shares were transferred from indirect ownership through a benefit plan to direct ownership due to a distribution from the plan.
• Smith directly owns 171,559 shares of AT&T common stock.
• Smith indirectly owns 2,524.9664 shares through a 401(k) plan, based on a statement dated January 31, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reflecting routine transactions. 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 standard transactions related to employee benefits and tax obligations.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, reflecting standard executive compensation and tax management.

Key Dates