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AT&T (NYSE: T) COO adjusts holdings after tax recalculation

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

AT&T Inc. Chief Operating Officer Jeffery S. McElfresh reported several administrative changes in his AT&T common stock holdings tied to performance-share taxes and distributions on January 29, 2026. A benefit plan disposed of 164,680.6351 shares at $25.13 per share to satisfy federal tax withholding on performance share distributions. The plan also shows dispositions to the issuer totaling 167,521.3649 shares at $25.13 and 86,298 shares at $0.00, reflecting revised tax calculations and distributions. Footnotes state these moves include performance shares distributed in cash and in shares, and a transfer of 86,298 shares from indirect benefit-plan ownership to direct ownership, leaving McElfresh with 699,327 shares held directly.

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Insider McElfresh Jeffery S.
Role Chief Operating Officer
Type Security Shares Price Value
Exercise Price or Tax Liability Common Stock 164,680.6351 $25.13 $4.14M
Disposition Common Stock 167,521.3649 $25.13 $4.21M
Disposition Common Stock 86,298 $0.00 $0.00
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 170,751.037 shares (Indirect, By Benefit Plan); Common Stock — 699,327 shares (Direct)
Footnotes (5)
  1. F1. Revised to reflect shares withheld as a result of re-calculation of shares needed to satisfy federal taxes on distribution of performance shares.
  2. F2. Revised to reflect shares distributed as a result of re-calculation of taxes. Represents performance shares distributed in cash, after taxes.
  3. F3. Revised to reflect shares distributed as a result of re-calculation of taxes. Represents performance shares distributed in issuer's shares, after taxes.
  4. F4. Each performance share is equivalent in value to a share of common stock.
  5. F5. Revised to reflect transfer of 86,298 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares.

FAQ

What insider transactions did AT&T (T) COO Jeffery McElfresh report?
Jeffery McElfresh reported tax- and distribution-related changes in AT&T common stock on January 29, 2026. These included share dispositions by a benefit plan and a transfer of performance shares from indirect plan ownership to direct ownership in his name.

How many AT&T (T) shares were used for tax withholding in this Form 4/A?
A benefit plan disposed of 164,680.6351 AT&T common shares at $25.13 per share to cover federal tax liabilities on performance share distributions. The filing notes this was a tax-withholding disposition rather than an open-market sale.

What do the disposition transactions to AT&T (T) as issuer represent?
Two dispositions labeled with code D reflect transfers back to AT&T as issuer from a benefit plan. They cover 167,521.3649 shares at $25.13 and 86,298 shares at $0.00, tied to recalculated taxes and performance-share distributions, rather than routine market selling.

How did AT&T (T) COO Jeffery McElfresh’s direct share ownership change?
Footnotes indicate 86,298 shares moved from indirect benefit-plan ownership to direct ownership due to a distribution of performance shares. After these adjustments, McElfresh directly holds 699,327 AT&T common shares according to the reported holdings line.

What are AT&T (T) performance shares mentioned in the Form 4/A footnotes?
The footnotes explain that each performance share is equivalent in value to one AT&T common share. The reported transactions involve distributions of these performance shares, with some delivered in cash and some in stock, following recalculation of related tax obligations.

Were the AT&T (T) insider transactions open-market buys or sells?
The coded transactions are tax-withholding and issuer dispositions through a benefit plan, not open-market trades. One code F entry covers taxes, while code D entries document dispositions to the issuer and an ownership transfer, rather than discretionary buying or selling on the market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
McElfresh Jeffery S.
(Last) (First) (Middle)
208 S. AKARD ST.
(Street)
DALLAS TX 75202
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
AT&T INC. [ T ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/29/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
02/02/2026 		6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/29/2026 F(1) 164,680.6351 D $25.13 424,570.4019 I By Benefit Plan
Common Stock 01/29/2026 D(2) 167,521.3649 D $25.13 257,049.037 I By Benefit Plan
Common Stock 01/29/2026 D(3) 86,298 D (4) 170,751.037 I By Benefit Plan
Common Stock 699,327(5) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Revised to reflect shares withheld as a result of re-calculation of shares needed to satisfy federal taxes on distribution of performance shares.
2. Revised to reflect shares distributed as a result of re-calculation of taxes. Represents performance shares distributed in cash, after taxes.
3. Revised to reflect shares distributed as a result of re-calculation of taxes. Represents performance shares distributed in issuer's shares, after taxes.
4. Each performance share is equivalent in value to a share of common stock.
5. Revised to reflect transfer of 86,298 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares.
/s/ Johnell C. Holland, Attorney-in-fact 02/19/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR