Tax-related share moves by AT&T (T) CFO Pascal Desroches

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.

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

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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^*

Desroches Pascal

(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)
	Sr. Exec VP and CFO

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)		137,233.8627	D	$25.13	351,257.0953	I	By Benefit Plan
Common Stock	01/29/2026		D(2)		139,601.1373	D	$25.13	211,655.958	I	By Benefit Plan
Common Stock	01/29/2026		D(3)		71,915	D	(4)	139,740.958	I	By Benefit Plan
Common Stock								969,647(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 71,915 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.
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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.

Were AT&T (T) shares sold on the open market in this Form 4/A?

No open-market sales are indicated. The transactions use codes F and D, reflecting shares withheld to satisfy tax obligations and dispositions to the issuer through a benefit plan, not discretionary buying or selling in the public market.

How many AT&T (T) shares were transferred from indirect to direct ownership?

A footnote states that 71,915 shares previously owned indirectly through a benefit plan were transferred to direct ownership. This transfer occurred in connection with distribution of performance shares and the related recalculation of taxes.

What do the tax-related footnotes in Pascal Desroches Form 4/A mean for AT&T (T)?

The footnotes explain that performance share distributions required recalculating taxes, leading to shares being withheld, distributed in cash and stock after taxes, and transferred from benefit-plan ownership to direct ownership. These are administrative equity and tax adjustments.

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.