AT&T (NYSE: T) CMO converts RSUs and withholds shares for taxes

Rhea-AI Filing Summary

AT&T Inc.'s Chief Marketing & Growth Officer Kenny Kellyn Smith reported multiple equity transactions on 01/15/2026 related to restricted stock units (RSUs) granted under the 2018 Incentive Plan. RSUs from 2023 covering 9,167 units and from 2024 covering 14,067 units were converted into an equal number of shares of common stock at an exercise price of $0 per share as they vested.

To cover mandatory tax withholding on these distributions, 2,560 and 3,426 shares of common stock were withheld at $23.61 per share. Following these transactions, Smith directly beneficially owned 206,703 shares of AT&T common stock and indirectly held 4,936.7745 shares through a 401(k) plan based on a plan statement dated 11/30/2025.

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^*

Smith Kenny Kellyn

(Last) (First) (Middle)

208 S. AKARD STREET

(Street)

DALLAS 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 Marketing & Growth Ofcr

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

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	01/15/2026		M		9,167	A	$0(1)	198,622	D
Common Stock	01/15/2026		F(2)		2,560	D	$23.61	196,062	D
Common Stock	01/15/2026		M		14,067	A	$0(3)	210,129	D
Common Stock	01/15/2026		F(2)		3,426	D	$23.61	206,703	D
Common Stock								4,936.7745(4)	I	By 401(k)

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 (2023)	(1)	01/15/2026		M			9,167	(1)	(1)	Common Stock	9,167	(1)	0	D
Restricted Stock Units (2024)	(3)	01/15/2026		M			14,067	(3)	(3)	Common Stock	14,067	(3)	14,067	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 1/15/2024, 1/15/2025, and 1/15/2026. Vesting (but not distribution) is accelerated on retirement eligibility.

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

3. 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 1/15/2025,1/15/2026, and 1/15/2027. Vesting (but not distribution) is accelerated on retirement eligibility.

4. Based on a 401(k) plan statement dated 11/30/2025.

	/s/ Johnell C. Holland, Attorney-in-fact	01/20/2026
	** 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 insider transactions did AT&T (T) report for Kenny Kellyn Smith on 01/15/2026?

On 01/15/2026, AT&T's Chief Marketing & Growth Officer Kenny Kellyn Smith reported the conversion of 9,167 Restricted Stock Units (2023) and 14,067 Restricted Stock Units (2024) into common stock at $0 per share, along with related share withholding for taxes at $23.61 per share.

How many AT&T RSUs vested and converted for the CMO in this Form 4?

The filing shows 9,167 Restricted Stock Units (2023) and 14,067 Restricted Stock Units (2024) vested and converted, with each unit converting into one share of AT&T common stock under the 2018 Incentive Plan.

How many AT&T shares were withheld for taxes in the 2026 Form 4?

The report lists 2,560 shares and 3,426 shares of AT&T common stock withheld as mandatory tax withholding on the distribution of Restricted Stock Units, both at a price of $23.61 per share.

What is Kenny Kellyn Smith's AT&T share ownership after these transactions?

After the reported transactions, Kenny Kellyn Smith beneficially owned 206,703 shares of AT&T common stock directly and 4,936.7745 shares indirectly through a 401(k) plan, with the 401(k) amount based on a statement dated 11/30/2025.

What plan governs the AT&T RSUs reported in this Form 4?

The Restricted Stock Units were acquired under AT&T's 2018 Incentive Plan. Each unit converts into one share of common stock, with vesting and distribution schedules specified for the 2023 and 2024 RSU awards.

How do the AT&T RSU vesting schedules work for these awards?

For the 2023 RSUs, one-third vests and distributes on each of 1/15/2024, 1/15/2025, and 1/15/2026. For the 2024 RSUs, one-third vests and distributes on each of 1/15/2025, 1/15/2026, and 1/15/2027, with vesting (but not distribution) accelerated upon retirement eligibility.