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

Sabrina Sanders, SVP-ChiefActngOfcr&Controller at AT&T, filed a Form 4 detailing changes in her beneficial ownership of AT&T stock due to a benefit plan distribution and tax withholding.

Summary

• On March 11, 2024, Sabrina Sanders reported changes in her beneficial ownership of AT&T Inc. stock.
• The changes include a disposition of 2,134.3281 shares due to mandatory tax withholding on a distribution from a benefit plan at a price of $17.18.
• Additionally, 3,630 shares were transferred from indirect ownership through a benefit plan to direct ownership due to the distribution.
• Sanders also indirectly owns 3,345.9545 shares through a 401(k) plan, based on a statement dated January 31, 2024.
• Following these transactions, Sanders directly owns 118,374 shares of AT&T common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock 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 activity related to employee benefit plans, which is a common occurrence.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they relate to an individual's stock ownership changes due to standard benefit plan activities.

Key Dates