AT&T (T) SEVP reports tax withholding and share distributions
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
AT&T Inc. senior executive Edward W. Gillespie reported several tax-related movements of common stock on January 29, 2026, all involving shares held indirectly through a benefit plan. The filing shows shares withheld to satisfy federal taxes and dispositions to the issuer tied to performance share distributions. Following these adjustments, indirect holdings through the benefit plan fell to zero, while directly owned common stock was reported at 264,500 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Gillespie Edward W
Role
SEVP-Ext & Legislative Affairs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 71,302.097 | $25.13 | $1.79M |
| Disposition | Common Stock | 57,286.903 | $25.13 | $1.44M |
| Disposition | Common Stock | 29,511 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 86,797.903 shares (Indirect, By Benefit Plan);
Common Stock — 264,500 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 29,511 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares.
FAQ
What insider transactions did AT&T (T) executive Edward W. Gillespie report?
Edward W. Gillespie reported tax-related dispositions of AT&T common stock held indirectly through a benefit plan. Shares were withheld to satisfy federal taxes and disposed of to the issuer as part of performance share distributions tied to a recalculation of tax obligations.
Were Edward W. Gillespie’s AT&T Form 4/A transactions open-market sales?
No, the Form 4/A describes tax-withholding and issuer disposition transactions, not open-market sales. Shares were used to pay tax liabilities and were distributed in cash and stock after taxes, all in connection with performance share distributions under a benefit plan.
How did the January 29, 2026 transactions affect Gillespie’s indirect AT&T holdings?
After the January 29, 2026 tax-related dispositions, Gillespie’s indirect AT&T common stock holdings through the benefit plan were reduced to zero. The adjustments reflect revised calculations of shares needed for federal tax withholding on performance share distributions from the plan.
What direct AT&T common stock holdings did Edward W. Gillespie report after these transactions?
After the reported benefit plan transactions, Gillespie reported direct ownership of 264,500 AT&T common shares. Footnotes indicate some performance shares previously held indirectly were distributed and transferred, contributing to this direct holding balance following the recalculation of related tax obligations.
What do the footnotes in Edward W. Gillespie’s AT&T Form 4/A explain?
The footnotes explain that the figures were revised after recalculating taxes on performance share distributions. They clarify that shares were withheld for federal taxes, some performance shares were settled in cash, others in AT&T shares, and 29,511 shares were transferred from indirect benefit-plan ownership to direct ownership.