Tax-related share moves by AT&T (T) CFO Pascal Desroches
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
AT&T Inc. senior executive vice president and CFO Pascal Desroches filed an amended Form 4 showing tax‑related and administrative changes in his AT&T common stock holdings on January 29, 2026. The filing reports several dispositions tied to a company benefit plan rather than open‑market trading.
Shares were withheld to cover federal taxes on performance share distributions and disposed of back to the issuer through the benefit plan, consistent with codes F (tax‑withholding disposition) and D (disposition to issuer. A footnote also explains that 71,915 shares previously held indirectly through a benefit plan were transferred into direct ownership as part of this performance share distribution.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Desroches Pascal
Role
Sr. Exec VP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 137,233.863 | $25.13 | $3.45M |
| Disposition | Common Stock | 139,601.137 | $25.13 | $3.51M |
| Disposition | Common Stock | 71,915 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 351,257.095 shares (Indirect, By Benefit Plan);
Common Stock — 969,647 shares (Direct)
Footnotes (1)
- Revised to reflect shares withheld as a result of re-calculation of shares needed to satisfy federal taxes on distribution of performance shares. Revised to reflect shares distributed as a result of re-calculation of taxes. Represents performance shares distributed in cash, after taxes. Revised to reflect shares distributed as a result of re-calculation of taxes. Represents performance shares distributed in issuer's shares, after taxes. Each performance share is equivalent in value to a share of common stock. Revised to reflect transfer of 71,915 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares.
FAQ
What does Pascal Desroches amended Form 4 for AT&T (T) report?
The amended Form 4 reports tax-related and administrative adjustments to Pascal Desroches AT&T common stock, including shares withheld for federal taxes and dispositions back to the issuer through a benefit plan, rather than open-market buying or selling.
What does transaction code F indicate in the AT&T (T) Form 4/A?
Transaction code F shows a tax-withholding disposition, where shares are delivered to satisfy tax liabilities on equity awards. Here, it reflects shares withheld from Pascal Desroches performance share distribution to cover federal taxes through the company benefit plan.
What does transaction code D indicate in this AT&T (T) insider filing?
Transaction code D indicates a disposition to the issuer. In this filing, it reflects performance shares that were distributed and then disposed of back to AT&T through the benefit plan structure, as part of the tax recalculation and award distribution process.