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

Director Marissa A. Mayer acquired 2,663.9347 deferred stock units of AT&T Inc. on March 28, 2024, under the Non-Employee Director Stock and Deferral Plan.

Summary

• Marissa A. Mayer, a director of AT&T Inc., reported the acquisition of 2,663.9347 deferred stock units on March 28, 2024.
• The acquisition was made pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan.
• These deferred stock units are payable in cash, equivalent to the value of one share of AT&T common stock, after Mayer ceases to be a director, at times elected by her.
• The price of the derivative security is $17.6.
• Following the transaction, Mayer beneficially owns 2,663.9347 derivative securities indirectly through a benefit plan.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with company performance.

Positives

• The acquisition of deferred stock units aligns the director's interests with the long-term performance of AT&T.
• The Non-Employee Director Stock and Deferral Plan provides a mechanism for directors to accumulate equity in the company.

Future Outlook

The deferred stock units will be paid out in cash after the reporting person ceases to be a director, at times elected by the director.

Industry Context

This filing is a routine disclosure related to director compensation and equity ownership, common among publicly traded companies like AT&T.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's long-term success.

Key Dates