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AT&T (NYSE: T) COO receives deferred stock units as equity compensation

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

Rhea-AI Filing Summary

AT&T Inc. Chief Operating Officer Jeffery S. McElfresh received a compensation-related equity award through a company benefit plan. On April 30, 2026, he acquired 2,236.345 deferred stock units of AT&T common stock at $26.13 per share via a benefit plan, funded by automatic payroll deductions and partial company matching contributions.

These deferred stock units will be settled only in AT&T stock on a 1-for-1 basis. After this award, McElfresh held 179,229.798 shares indirectly through the benefit plan, 724,034 shares directly, and 9,473.5314 shares indirectly through a 401(k) plan, based on a statement dated March 31, 2026. The filing reflects routine equity compensation rather than open-market buying or selling.

Positive

  • None.

Negative

  • None.
Insider McElfresh Jeffery S.
Role Chief Operating Officer
Type Security Shares Price Value
Grant/Award Common Stock 2,236.345 $26.13 $58K
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 179,229.798 shares (Indirect, By Benefit Plan); Common Stock — 9,473.5314 shares (Indirect, By 401(k)); Common Stock — 724,034 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 3/31/2026.
Deferred stock units awarded 2,236.345 units Grant/award acquisition on April 30, 2026
Award reference price $26.13 per share Deferred stock units credited value
Indirect benefit plan holdings 179,229.798 shares Total indirectly held by benefit plan after transaction
Direct holdings 724,034 shares Common stock held directly after reported transactions
401(k) plan holdings 9,473.5314 shares Indirect holdings via 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
"purchased by the reporting person with automatic payroll deductions and partial company matching contributions"
partial company matching contributions financial
"automatic payroll deductions and partial company matching contributions"
401(k) financial
"Based on a 401(k) plan statement dated 3/31/2026."
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
Benefit Plan financial
"nature_of_ownership": "By Benefit Plan""

FAQ

What did AT&T (T) COO Jeffery McElfresh report in this Form 4 filing?
Jeffery McElfresh reported receiving 2,236.345 deferred stock units of AT&T common stock through a company benefit plan. The units were credited at $26.13 per share and represent compensation, not an open-market stock purchase or sale.

Is the AT&T (T) COO transaction an insider buy or sale of common stock?
The transaction is classified as an acquisition via grant or award, not an open-market buy or sale. McElfresh received deferred stock units through a benefit plan using payroll deductions and partial company matching contributions as a form of equity compensation.

How many AT&T (T) shares does the COO hold after this reported award?
After the award, McElfresh held 724,034 AT&T shares directly, 179,229.798 shares indirectly through a benefit plan, and 9,473.5314 shares indirectly through a 401(k) plan. These totals reflect his reported positions following the April 30, 2026 transactions.

What are deferred stock units in the AT&T (T) COO Form 4 filing?
Deferred stock units are bookkeeping entries that track a right to receive shares later. In this filing, the units were purchased via payroll deductions and company matching, and are settled only in AT&T stock on a 1-for-1 basis at a future date.

How was the AT&T (T) COO’s 401(k) position determined in this filing?
The indirect 401(k) holdings of 9,473.5314 AT&T shares are based on a 401(k) plan statement dated March 31, 2026. This figure reflects plan-reported units and is separate from his direct and benefit plan share holdings disclosed in the same Form 4.

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Form 4 Insider Transactions: What Each Field Means →
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*
McElfresh Jeffery S.
(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)
Chief Operating Officer
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)2,236.345A$26.13179,229.798IBy Benefit Plan
Common Stock9,473.5314(2)IBy 401(k)
Common Stock724,034D
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)

Source: View Original Filing on SEC EDGAR