AT&T INC. (NYSE: T) director adds deferred stock units and reports trust holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LUCZO STEPHEN J reported acquisition or exercise transactions in this Form 4 filing.
AT&T Inc. director Stephen J. Luczo reported updated indirect holdings and a new compensation award. Two entries simply show he indirectly owns 395,500 AT&T common shares through a trust and 167,000 shares through a family trust. In addition, he was granted 6,763.285 deferred stock units at $20.70 per unit under the AT&T Non-Employee Director Stock and Deferral Plan, bringing his indirect deferred stock unit balance to 143,748.485 units. Each unit will be paid in cash equal to the value of one AT&T share after he ceases to be a director, at times he previously elected.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
LUCZO STEPHEN J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 6,763.285 | $20.70 | $140K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 143,748.485 shares (Indirect, By Benefit Plan);
Common Stock — 167,000 shares (Indirect, By Family Trust)
Footnotes (1)
- [object Object]
Key Figures
Deferred stock units granted: 6,763.285 units
Grant reference price: $20.70 per unit
Deferred stock units after grant: 143,748.485 units
+2 more
5 metrics
Deferred stock units granted
6,763.285 units
Grant under Non-Employee Director Stock and Deferral Plan
Grant reference price
$20.70 per unit
Value per deferred stock unit on award date
Deferred stock units after grant
143,748.485 units
Indirect balance via benefit plan following transaction
Common shares by trust
395,500 shares
Indirect ownership via trust after reported holdings update
Common shares by family trust
167,000 shares
Indirect ownership via family trust after reported holdings update
Key Terms
Deferred Stock Units, Non-Employee Director Stock and Deferral Plan, indirect ownership, By Trust, +1 more
5 terms
Deferred Stock Units financial
"Deferred stock units acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Non-Employee Director Stock and Deferral Plan financial
"acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan."
indirect ownership financial
"total_shares_following_transaction ... ownership_type":"indirect","ownership_code":"I""
By Trust financial
"nature_of_ownership":"By Trust" for indirect common stock holdings."
By Family Trust financial
"nature_of_ownership":"By Family Trust" for additional indirect shares."
FAQ
What insider transaction did AT&T (T) director Stephen J. Luczo report?
Stephen J. Luczo reported receiving 6,763.285 deferred stock units as director compensation. These units were valued at $20.70 each and are linked to AT&T’s common stock, but will ultimately be paid out in cash rather than shares after he leaves the board.
How many AT&T deferred stock units does Stephen J. Luczo hold after this Form 4?
After the reported award, Stephen J. Luczo indirectly holds 143,748.485 deferred stock units. Each unit tracks the value of one AT&T common share and will be settled in cash under the company’s Non-Employee Director Stock and Deferral Plan following his board service.
Are Stephen J. Luczo’s AT&T holdings direct or through entities?
Stephen J. Luczo’s holdings reported here are indirect. The filing lists 395,500 AT&T common shares held by a trust and 167,000 shares held by a family trust, plus deferred stock units held through a benefit plan, rather than in his direct personal name.
Does this AT&T Form 4 show any open-market buy or sell by Stephen J. Luczo?
The Form 4 does not show any open-market buy or sell transactions. It reports a grant of 6,763.285 deferred stock units as director compensation and updates on indirect share and unit balances held through trusts and a benefit plan associated with Stephen J. Luczo.
How will Stephen J. Luczo’s AT&T deferred stock units be settled in the future?
The deferred stock units will be paid out in cash equal to the value of one AT&T share per unit. Payment occurs after Stephen J. Luczo ceases to be a director, at times he previously elected under the Non-Employee Director Stock and Deferral Plan.