AT&T Inc. (T) director Grier discloses initial stock and deferred units
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
AT&T Inc. director Kelly J. Grier filed an initial ownership report showing existing equity interests rather than new market trades. The filing lists 723 shares of AT&T common stock held directly and notes participation in a deferred stock unit arrangement for non-employee directors that is settled in cash after board service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Grier Kelly J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Deferred Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 0 shares (Indirect, By Benefit Plan);
Common Stock — 723 shares (Direct)
Footnotes (1)
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FAQ
What does AT&T (T) director Kelly J. Grier report owning on this Form 3?
Kelly J. Grier reports holding 723 shares of AT&T common stock directly. The filing also identifies an interest in deferred stock units under a non-employee director plan that are ultimately paid in cash based on AT&T’s share value.
What are the deferred stock units mentioned in AT&T (T) director Grier’s filing?
The deferred stock units were acquired under the AT&T Inc. Non-Employee Director Stock and Deferral Plan. After Grier ceases to be a director, each unit is paid out in cash equal to the value of one share of AT&T common stock, at times elected by the director.
Is Kelly J. Grier’s ownership in AT&T (T) direct or indirect?
The filing shows direct ownership of 723 shares of AT&T common stock. It also notes an indirect interest in deferred stock units held through a benefit plan, reflecting compensation arrangements rather than ordinary share custody.
Why did AT&T (T) director Kelly J. Grier file a Form 3?
Form 3 is required when someone becomes an insider, such as a new director. Kelly J. Grier’s Form 3 provides the initial disclosure of existing AT&T equity interests, including directly held common stock and participation in the deferred stock unit benefit plan.