AT&T (T) executive Lori M. Lee converts RSUs and withholds shares for tax

Rhea-AI Filing Summary

AT&T executive Lori M. Lee, Global Marketing Officer and SEVP International, reported equity award activity involving restricted stock units and common shares. On February 13, 2026, she exercised 18,703 Restricted Stock Units (2025) at $0.00 per unit, converting them into 18,703 shares of AT&T common stock.

Following this conversion, her directly held common stock increased, with 67,769 shares shown as directly owned after the RSU-related acquisition. The filing also reports a disposition of 6,921 common shares at $28.80 per share coded as a tax-withholding transaction, meaning shares were delivered to cover tax obligations rather than sold in an open-market trade.

The report additionally lists indirect holdings in company stock through a 401(k) plan, a benefit plan, and trusts, reflecting long-term ownership structures rather than new market purchases or sales. Footnotes state the RSUs were granted under the 2018 Incentive Plan and will vest and distribute in thirds on February 15 of 2026, 2027, and 2028, with vesting accelerated upon retirement eligibility.

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^*

Lee Lori M

(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)
	Global Mktg Ofr & SEVP Intl

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		18,703	A	(1)	67,769	D
Common Stock	02/13/2026		F(2)		6,921	D	$28.8	60,848	D
Common Stock								14,069.6002(3)	I	By 401(k)
Common Stock								11,408.995	I	By Benefit Plan
Common Stock								391,151	I	By 2024 Trust
Common Stock								127,800	I	By Joint Trust

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			18,703	(1)	(1)	Common Stock	18,703	(1)	37,408	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
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FAQ

What insider transactions did Lori M. Lee report in AT&T (T) stock?

Lori M. Lee reported an equity award exercise and related tax withholding. She converted 18,703 Restricted Stock Units (2025) into 18,703 AT&T common shares and had 6,921 shares withheld at $28.80 per share to satisfy tax obligations tied to that distribution.

Did Lori M. Lee buy or sell AT&T (T) shares on the open market?

The filing does not show open-market buying or selling. It reports an RSU conversion into 18,703 common shares and a tax-withholding disposition of 6,921 shares, where shares were delivered to cover taxes rather than sold as a discretionary market transaction.

How many AT&T (T) common shares does Lori M. Lee hold directly after these transactions?

After the reported transactions, Lori M. Lee directly holds 60,848 shares of AT&T common stock. This figure reflects the RSU conversion into common shares and the tax-withholding disposition recorded on February 13, 2026 in the Form 4 filing.

What are the terms of Lori M. Lee’s 2025 AT&T Restricted Stock Units?

The 2025 Restricted Stock Units were granted under the 2018 Incentive Plan. Each unit converts into one AT&T common share, with one-third vesting and distributing on February 15 of 2026, 2027, and 2028. Vesting, but not distribution, accelerates upon retirement eligibility.

What indirect AT&T (T) holdings are reported for Lori M. Lee?

The Form 4 lists indirect holdings in AT&T common stock through a 401(k) plan, a benefit plan, and trusts. Reported balances include 14,069.6002 shares by 401(k), 11,408.9950 shares by a benefit plan, and additional shares held by named trusts associated with the insider.

How were taxes handled on Lori M. Lee’s AT&T RSU distribution?

Taxes were satisfied through mandatory share withholding. The filing records a disposition of 6,921 AT&T common shares at $28.80 per share, described as mandatory tax withholding on the distribution of Restricted Stock Units rather than a voluntary open-market sale of stock.