AT&T COO reports RSU conversion and tax withholding

AT&T Inc. Chief Operating Officer Jeffery S. McElfresh reported equity award activity involving restricted stock units and common shares.

Rhea-AI Filing Summary

AT&T Inc. Chief Operating Officer Jeffery S. McElfresh reported equity award activity involving restricted stock units and common shares. On February 13, 2026, 30,059 restricted stock units from the 2018 Incentive Plan were exercised or converted into 30,059 shares of common stock at a stated price of $28.80 per share for tax purposes. A portion of these shares, 11,122, was disposed of through mandatory tax withholding to cover liabilities tied to the distribution of the restricted stock units. After these transactions, McElfresh directly held 718,210 shares of common stock, in addition to indirect holdings through a 401(k) and a benefit plan.

Insider Trade Summary

30,059 shares exercised/converted

Exercise 5 txns

Insider McElfresh Jeffery S.

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units (2025)	30,059	$0.00	$0.00
Exercise	Common Stock	30,059	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	11,122	$28.80	$320K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units (2025) — 60,119 contracts (Direct); Common Stock — 718,210 shares (Direct); Common Stock — 9,145.07 shares (Indirect, By 401(k)); Common Stock — 172,856.47 shares (Indirect, By Benefit Plan)

Footnotes (3)

1. F1. Restricted stock units acquired pursuant to the 2018 Incentive Plan. Each unit will convert into one share of issuer's common stock. One-third of the units vests and distributes on each of 2/15/2026, 2/15/2027, and 2/15/2028. Vesting (but not distribution) is accelerated on retirement eligibility.
2. F2. Mandatory tax withholding on distribution of Restricted Stock Units.
3. F3. Based on a 401(k) plan statement dated 1/31/2026.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did AT&T (T) COO Jeffery McElfresh report?

Jeffery McElfresh reported the exercise of 30,059 restricted stock units into common stock and the disposition of 11,122 shares for tax withholding. These transactions reflect routine equity compensation activity rather than open-market buying or selling of AT&T shares.

How many AT&T (T) shares were involved in the restricted stock unit activity?

A total of 30,059 restricted stock units converted into 30,059 AT&T common shares. These units were granted under the 2018 Incentive Plan and are tied to vesting and distribution schedules specified for 2026, 2027, and 2028, subject to retirement eligibility provisions.

Why were 11,122 AT&T (T) shares disposed of in McElfresh’s Form 4 filing?

11,122 AT&T shares were disposed of to satisfy mandatory tax withholding obligations when restricted stock units were distributed. This type of transaction is classified as a tax-withholding disposition and does not represent an open-market sale initiated for investment purposes.

What is Jeffery McElfresh’s direct AT&T (T) share ownership after these transactions?

Following the reported equity award transactions, Jeffery McElfresh directly held 718,210 shares of AT&T common stock. This figure reflects his updated direct ownership after the conversion of restricted stock units and the related tax-withholding share disposition on February 13, 2026.

Do the AT&T (T) Form 4 footnotes explain the restricted stock unit terms?

Yes. The footnotes state the restricted stock units were granted under the 2018 Incentive Plan, with each unit converting into one common share. One-third vests and distributes on February 15 of 2026, 2027, and 2028, with vesting accelerated upon retirement eligibility.

What indirect AT&T (T) holdings does Jeffery McElfresh report?

McElfresh reports indirect ownership of AT&T shares through a 401(k) and a benefit plan. The 401(k) balance is based on a January 31, 2026 statement, and the benefit plan holdings are reported separately from his direct common stock ownership in the Form 4.

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

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Accepted by SEC EDGAR 02/18/2026 - 05:39 PM Learn about SEC filing dates

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)
02/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	02/13/2026		M		30,059	A	(1)	729,332	D
Common Stock	02/13/2026		F(2)		11,122	D	$28.8	718,210	D
Common Stock								9,145.07(3)	I	By 401(k)
Common Stock								172,856.47	I	By Benefit Plan

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
Restricted Stock Units (2025)	(1)	02/13/2026		M			30,059	(1)	(1)	Common Stock	30,059	(1)	60,119	D

Explanation of Responses:

1. Restricted stock units acquired pursuant to the 2018 Incentive Plan. Each unit will convert into one share of issuer's common stock. One-third of the units vests and distributes on each of 2/15/2026, 2/15/2027, and 2/15/2028. Vesting (but not distribution) is accelerated on retirement eligibility.

2. Mandatory tax withholding on distribution of Restricted Stock Units.

3. Based on a 401(k) plan statement dated 1/31/2026.

	/s/ Johnell C. Holland, Attorney-in-fact	02/18/2026
	** 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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