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AT&T Directors Buy Another $3.3 Million in Stock -- Barrons.comAT&T Directors Buy Another $3.3 Million in Stock -- Barrons.com By Ed Lin AT&T's six-year-low stock price last week spurred even more of the company's directors to buy stock, the latest documents insiders filed with the Securities and Exchange Commission show. Shares had slipped after the company reported a mixed second quarter. Barron's reported earlier this week that five directors scooped up a total of nearly $5 million in stock. Now chalk up another $3.3 million in purchases, made later by three other people and one of the five earlier buyers. AT&T declined to comment on the latest purchases. Geoffrey Y. Yang bought $990,000 in AT&T shares on July 26, coming back for more a day after a $1.5 million purchase. Yang, a cofounder and managing director of venture-capital firm Redpoint Ventures, bought 32,350 AT&T shares for an average of $30.48 each, through an individual retirement account and a family trust. He now owns 70,260 shares through the IRA, 101,220 shares through the family trust, 29,815 through a limited partnership, and 2,000 shares directly. Yang declined to comment on his stock purchase. Glenn Hutchins, a co-founder of investment firm North Island and former co-chief executive of tech investor Silver Lake, bought $2 million in AT&T shares on July 27 through a limited liability company. Hutchins has served on the board since 2014, coincidentally the most recent year he bought AT&T stock. He now owns 164,330 shares through the LLC and 3,320 shares through a trust. A representative of the Hutchins Family Foundation, which Hutchins co-founded, didn't response to a request for comment from the director. Richard Fisher, former president and CEO of the Federal Reserve Bank of Dallas, bought $230,000 in AT&T shares on July 27. He has been an AT&Tdirector since 2015. His only other open-market stock purchase was on Feb. 5, when he bought $99,000 in shares. Fisher's holdings now total 10,000 shares. He couldn't immediately be reached via the Washington Speakers Bureau, which represents him. Joyce Roché, an AT&T director since 1998, bought 3,200 shares for $100,000, about $31.19 each, on July 27. Roché retired in 2010 as president and CEO of Girls Incorporated, a nonprofit organization . She now owns 11,860 shares. Roché's open-market purchase is her first since at least 2003, when she was a director at SBC Communications, which acquired AT&T in 2005 and retained the name for the combined company. Her online SEC records don't go back any earlier than 2003. Girls Incorporated wasn't immediately able to provide contact information for Roché |
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