Lee Lori M, Global Marketing Officer and SEVP International, has filed 80 Form 4 transactions across two companies—AT&T (T) and Emerson Electric (EMR)—with a clear disposition bias. Over the reporting period, her open-market sales totaled $8.08 million, while she recorded zero open-market purchases. The remaining activity was dominated by compensation-related grants (code A), tax-withholding share surrenders (code F), option exercises (code M), and gifts (code G), none of which represent discretionary buying.
The most significant transaction cluster occurred on January 29, 2026, when Lee disposed of AT&T shares in two paired transactions. She sold shares back to the issuer (code D) totaling $4.79 million—two separate filings of $2.39 million each—and simultaneously surrendered shares to cover tax obligations (code F) worth $4.72 million. These moves coincided with a vesting event, as evidenced by zero-value grants (code A) on the same date. Earlier in the month, she also had $132,027 in tax-withholding surrenders on January 15, and a $199,325 tax payment on February 13 following an option exercise.
Since late January, Lee’s activity has shifted to routine monthly compensation grants in AT&T, ranging from $5,616 to $8,690, alongside periodic gifts and tax-related surrenders. Her only EMR transaction was a zero-value grant on February 3, 2026. The pattern is consistent with an executive managing equity compensation rather than expressing directional conviction: no open-market buys, substantial issuer-directed sales tied to vesting, and recurring automatic dispositions for tax purposes. The $8.08 million in sales, concentrated in the January 29 event, represents the entirety of her discretionary selling activity.
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