AT&T (NYSE: T) CFO logs tax withholding on 52K shares

Rhea-AI Filing Summary

AT&T Sr. Exec VP and CFO Pascal Desroches reported a mandatory tax-withholding disposition of 52,252.475 shares of Common Stock from a benefit plan at $28.98 per share. The shares were used to cover taxes on a distribution from the plan, not an open-market sale.

A footnote explains that 88,968 performance shares were distributed from the benefit plan and moved into direct ownership. Following these updates, Desroches holds 724,500 shares directly, plus additional indirect holdings through a 401(k), a benefit plan and a limited partnership.

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^*

Desroches Pascal

(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)
	Sr. Exec VP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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	03/10/2026		F(1)		52,252.475	D	$28.98	2,984.968(2)	I	By Benefit Plan
Common Stock								7,271.4136(3)	I	By 401(k)
Common Stock								724,500(2)	D
Common Stock								352,000	I	By 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Mandatory tax withholding on distribution from benefit plan.

2. Reflects transfer of 88,968 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares.

3. Based on a 401(k) plan statement dated 2/28/2026.

	/s/ Johnell C. Holland, Attorney-in-fact	03/11/2026
	** 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).
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FAQ

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

He reported a mandatory tax-withholding disposition of 52,252.475 AT&T shares at $28.98 per share. The shares came from a benefit plan distribution and were used to satisfy tax obligations, rather than representing an open-market stock sale.

Was the AT&T (T) Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares from a benefit plan distribution were delivered to cover taxes, which is a routine administrative event tied to compensation rather than a discretionary decision to sell stock.

How many AT&T (T) shares were withheld for taxes in this filing?

The filing reports that 52,252.475 AT&T common shares were withheld at $28.98 per share. This withholding satisfied tax obligations related to a distribution from a benefit plan, as described in the accompanying footnote to the Form 4.

What does the Form 4 say about AT&T (T) CFO’s remaining shareholdings?

After the reported transactions, Pascal Desroches holds 724,500 AT&T shares directly. He also has indirect holdings through a 401(k) plan, a benefit plan and a limited partnership, reflecting a sizable ongoing equity position in the company.

What is the significance of the 88,968 AT&T (T) shares mentioned in the footnote?

A footnote explains that 88,968 shares previously held indirectly in a benefit plan were transferred into direct ownership. This transfer reflects the distribution of performance shares, shifting how the shares are held rather than indicating a purchase or sale in the market.

How should investors interpret tax-withholding dispositions like this for AT&T (T)?

Tax-withholding dispositions are typically routine mechanics of equity compensation, not directional trading signals. In this case, shares were delivered to satisfy taxes on a benefit plan distribution, while the CFO continues to hold a substantial direct and indirect stake in AT&T.