Form 4: Marissa A. Mayer Reports Acquisition of AT&T Deferred Stock Units

Director Marissa A. Mayer reports acquiring deferred stock units in AT&T Inc. through the Non-Employee Director Stock and Deferral Plan.

Summary

• Marissa A. Mayer, a director of AT&T Inc., filed a Form 4 on May 2, 2024, reporting a transaction that occurred on April 30, 2024.
• The transaction involved the acquisition of 43.768 deferred stock units at a price of $16.89 per unit.
• These units were acquired through the AT&T Inc. Non-Employee Director Stock and Deferral Plan.
• Following the transaction, Mayer beneficially owns 2,707.7027 deferred stock units indirectly through a benefit plan.

Sentiment

Score: 6

Explanation: Routine director stock acquisition, neutral impact.

Positives

• The acquisition of deferred stock units by a director signals confidence in the company's future performance.

Future Outlook

After ceasing to be a director, each deferred stock unit will be paid out in cash equal to the value of one share of AT&T common stock at times elected by the director.

Industry Context

Directors often receive stock-based compensation to align their interests with those of shareholders. Deferred stock units are a common form of such compensation.

Stakeholder Impact

• The acquisition of deferred stock units by a director can positively influence shareholder sentiment.

Key Dates