AT&T COO acquires deferred stock units in plan

AT&T Chief Operating Officer Jeffery S. McElfresh reported an automatic acquisition of 278.47 deferred stock units of AT&T common stock through a benefit plan.

Rhea-AI Filing Summary

AT&T Chief Operating Officer Jeffery S. McElfresh reported an automatic acquisition of 278.47 deferred stock units of AT&T common stock through a benefit plan. The units were credited at a reference price of $28.01 per share and are settled in stock on a 1-for-1 basis.

These deferred stock units, held indirectly through a benefit plan, brought his total benefit-plan holdings to 173,134.94 units. He also reported 9,145.07 shares held indirectly through a 401(k) plan based on a statement dated January 31, 2026, and 718,264 shares held directly.

Insider Trade Summary

Grant/Award: 278.47 shares

Grant/Award 3 txns

Insider McElfresh Jeffery S.

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	278.47	$28.01	$8K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 173,134.94 shares (Indirect, By Benefit Plan); Common Stock — 9,145.07 shares (Indirect, By 401(k)); Common Stock — 718,264 shares (Direct)

Footnotes (2)

1. F1. 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. F2. 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 transaction did AT&T (T) report for Jeffery S. McElfresh?

AT&T reported that Chief Operating Officer Jeffery S. McElfresh acquired 278.47 deferred stock units through a benefit plan. These units were credited at a reference price of $28.01 and represent an automatic grant linked to payroll deductions and partial company matching contributions.

Was the AT&T (T) insider transaction an open-market buy or a plan award?

The transaction was a plan-related award, not an open-market purchase. Deferred stock units were acquired automatically through payroll deductions and partial company matching contributions in a benefit plan, and are settled only in AT&T stock on a 1-for-1 basis.

How many AT&T (T) deferred stock units does Jeffery S. McElfresh hold after this transaction?

After the reported acquisition, Jeffery S. McElfresh held 173,134.94 deferred stock units through a benefit plan. These units track AT&T common stock and are designed to be settled solely in shares on a one-for-one basis when distributed.

What other AT&T (T) shareholdings did Jeffery S. McElfresh report?

In addition to deferred stock units, he reported 9,145.07 shares held indirectly via a 401(k) plan, based on a January 31, 2026 statement, and 718,264 AT&T common shares held directly in his own name.

Does the AT&T (T) Form 4 indicate any insider share sales by Jeffery S. McElfresh?

The Form 4 does not report any share sales for this period. It shows one acquisition of deferred stock units through a benefit plan and updates to indirect 401(k) and direct common stock holdings, with no disposition transactions listed.

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

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Accepted by SEC EDGAR 03/03/2026 - 04:44 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)
02/28/2026

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	02/28/2026		A(1)		278.47	A	$28.01	173,134.94	I	By Benefit Plan
Common Stock								9,145.07(2)	I	By 401(k)
Common Stock								718,264	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. 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 1/31/2026.

	/s/ Johnell C. Holland, Attorney-in-fact	03/03/2026
	** Signature of Reporting Person	Date
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.