STOCK TITAN

AT&T (NYSE: T) CFO adds 2,866.632 deferred stock units via plan

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

Rhea-AI Filing Summary

AT&T Inc. senior executive vice president and CFO Pascal Desroches acquired 2,866.632 deferred stock units of common stock at $26.13 per unit through a company benefit plan. These units, held indirectly, bring his benefit-plan balance to 127,149.175 units, alongside 724,500 shares held directly, 352,000 shares held by a limited partnership, and 7,459.1136 shares in a 401(k) account.

Positive

  • None.

Negative

  • None.
Insider Desroches Pascal
Role Sr. Exec VP and CFO
Type Security Shares Price Value
Grant/Award Common Stock 2,866.632 $26.13 $75K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 127,149.175 shares (Indirect, By Benefit Plan); Common Stock — 724,500 shares (Direct, null)
Footnotes (1)
  1. Represents deferred stock units purchased by the reporting person with automatic payroll deductions and partial company matching contributions. Deferred stock units are settled only in stock on a 1-for-1 basis. Based on a 401(k) plan statement dated 3/31/2026.
Deferred stock units granted 2,866.632 units Non-derivative acquisition at $26.13 per unit
Grant price per unit $26.13 per unit Price for deferred stock units acquired
Benefit plan balance 127,149.175 units Deferred stock units held indirectly after transaction
Direct common stock holdings 724,500 shares Shares held directly by Pascal Desroches
LP indirect holdings 352,000 shares Common stock held indirectly by limited partnership
401(k) plan holdings 7,459.1136 shares Common stock in 401(k) based on 3/31/2026 statement
deferred stock units financial
"Represents deferred stock units purchased by the reporting person with automatic payroll deductions"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
automatic payroll deductions financial
"deferred stock units purchased by the reporting person with automatic payroll deductions"
company matching contributions financial
"with automatic payroll deductions and partial company matching contributions"
401(k) plan financial
"Based on a 401(k) plan statement dated 3/31/2026"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
deferred stock units are settled only in stock on a 1-for-1 basis financial
"Deferred stock units are settled only in stock on a 1-for-1 basis"
SEC Form 4
FORM 4UNITED 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*
Desroches Pascal

(Last)(First)(Middle)
208 S. AKARD ST.

(Street)
DALLAS TEXAS 75202

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
AT&T INC. [ T ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Sr. Exec VP and CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock04/30/2026A(1)2,866.632A$26.13127,149.175IBy Benefit Plan
Common Stock7,459.1136(2)IBy 401(k)
Common Stock724,500D
Common Stock352,000IBy LP
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents deferred stock units purchased by the reporting person with automatic payroll deductions and partial company matching contributions. Deferred stock units are settled only in stock on a 1-for-1 basis.
2. Based on a 401(k) plan statement dated 3/31/2026.
/s/ Johnell C. Holland, Attorney-in-fact05/04/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What did AT&T (T) CFO Pascal Desroches report in this Form 4?

AT&T CFO Pascal Desroches reported receiving 2,866.632 deferred stock units at $26.13 per unit through a company benefit plan. These units settle only in stock on a one-for-one basis and reflect compensation-related accumulation rather than an open-market purchase.

How many AT&T (T) shares does Pascal Desroches hold after this transaction?

After the reported transactions, Pascal Desroches holds 724,500 AT&T shares directly, 352,000 shares via a limited partnership, 127,149.175 deferred stock units in a benefit plan, and 7,459.1136 shares in a 401(k) account, combining multiple direct and indirect ownership channels.

Was the AT&T (T) CFO’s acquisition an open-market stock purchase?

No. The 2,866.632 units were acquired as deferred stock units through automatic payroll deductions and partial company matching contributions. According to the disclosure, these units are part of a benefit plan and are settled only in stock on a 1-for-1 basis, not open-market buying.

What price is associated with the AT&T (T) deferred stock units in this filing?

The filing shows 2,866.632 deferred stock units credited at $26.13 per unit. This figure is used to value the compensation-related award within the benefit plan, though the units themselves are ultimately settled only in AT&T common stock on a one-for-one basis.

How are the AT&T (T) shares held indirectly by Pascal Desroches structured?

Indirect holdings include 352,000 AT&T shares held by a limited partnership, 127,149.175 deferred stock units in a benefit plan, and 7,459.1136 shares in a 401(k). Footnotes indicate benefit-plan units come from payroll deductions and company matching, and 401(k) balances reflect a plan statement.