AT&T (NYSE: T) CFO adds deferred stock units through benefit plan grant

Rhea-AI Filing Summary

AT&T Inc. senior executive vice president and CFO Pascal Desroches reported acquiring additional exposure to the company through a benefit plan. On February 28, 2026, he received 1,442.936 deferred stock units of AT&T common stock at $28.01 per share via a grant classified as a grant, award, or other acquisition.

These deferred stock units were purchased with automatic payroll deductions and partial company matching contributions and are settled in stock on a 1-for-1 basis. Following this transaction, his indirect holdings in the benefit plan totaled 144,205.443 units. The filing also reports indirect holdings of 7,080.6921 shares through a 401(k) plan based on a statement dated January 31, 2026, 352,000 shares held indirectly by a limited partnership, and 635,532 shares held directly.

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

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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)
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)		1,442.936	A	$28.01	144,205.443	I	By Benefit Plan
Common Stock								7,080.6921(2)	I	By 401(k)
Common Stock								635,532	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. 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.
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FAQ

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

Pascal Desroches reported acquiring 1,442.936 deferred stock units of AT&T common stock at $28.01 per share through a benefit plan. The acquisition is classified as a grant, award, or other acquisition rather than an open-market stock purchase.

How were Pascal Desroches’ new AT&T deferred stock units funded?

The deferred stock units were funded through automatic payroll deductions combined with partial company matching contributions. According to the disclosure, these units are settled only in AT&T stock on a 1-for-1 basis, directly tying their value to the company’s share price.

What are Pascal Desroches’ total indirect AT&T holdings in the benefit plan after the grant?

After the grant, Pascal Desroches’ indirect holdings in the benefit plan totaled 144,205.443 deferred stock units. Each unit represents a right to receive one share of AT&T common stock, so this balance reflects a substantial long-term equity exposure via the plan.

What other AT&T share holdings for Pascal Desroches are disclosed in this Form 4?

The filing discloses 7,080.6921 shares held indirectly through a 401(k) plan, based on a January 31, 2026 statement, 352,000 shares held indirectly by a limited partnership, and 635,532 shares held directly, showing a mix of retirement, partnership, and personal holdings.

Is this AT&T (T) Form 4 transaction a market buy or a benefit plan award?

The transaction is a benefit plan award, not an open-market buy. It is coded as a grant, award, or other acquisition of deferred stock units funded through payroll deductions and company matching, rather than a direct stock purchase on the open market.