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

Edward W. Gillespie, a Senior Executive Vice President at AT&T, reported changes in his beneficial ownership of AT&T stock due to a distribution from a benefit plan and tax withholding.

Summary

• On March 11, 2024, Edward W. Gillespie, a Senior Executive Vice President at AT&T, filed a Form 4 to report changes in his beneficial ownership of AT&T Inc. stock.
• The changes include a mandatory tax withholding of 16,048.5288 shares of common stock at a price of $17.18 per share.
• Additionally, 21,494 shares were transferred from indirect ownership through a benefit plan to direct ownership due to a distribution from the plan.
• Gillespie also indirectly owns 4,205.6627 shares through a 401(k) plan, based on a statement dated January 31, 2024.
• Following the reported transactions, Gillespie directly owns 180,498 shares of AT&T common stock.

Sentiment

Score: 5

Explanation: This is a neutral filing reflecting routine transactions related to executive compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

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 executive's holdings, which can be monitored by investors for insights into management's perspective on the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• The transactions have a minimal impact on the overall market for AT&T stock.

Key Dates