STOCK TITAN

AT&T Inc. (NYSE: T) CFO gains 3,487.472 deferred stock units in benefit plan

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

AT&T Inc. senior executive vice president and CFO Pascal Desroches acquired 3,487.472 deferred stock units tied to common stock on July 31, 2026 at $23.25 per unit through a benefit plan, with units settled in stock on a 1-for-1 basis using payroll deductions and company matching contributions.

After this acquisition, he holds 134,269.572 deferred stock units through the benefit plan, plus 8,173.8549 common shares indirectly via a 401(k) (based on a June 30, 2026 plan statement), 724,500 shares held directly, and 352,000 shares held indirectly through a limited partnership.

Positive

  • None.

Negative

  • None.
Insider Desroches Pascal
Role Sr. Exec VP and CFO
Type Security Shares Price Value
Grant/Award Common Stock F1 3,487.472 $23.25 $81K
holding Common Stock F2 -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 134,269.572 shares (Indirect, By Benefit Plan); Common Stock — 8,173.8549 shares (Indirect, By 401(k)); Common Stock — 724,500 shares (Direct); Common Stock — 352,000 shares (Indirect, By LP)
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 6/30/2026.
Deferred stock units acquired 3,487.472 units Grant/award acquisition of units tied to common stock on 2026-07-31
Price per deferred stock unit $23.2500 Per-unit value for the July 31, 2026 benefit plan acquisition
Benefit plan holdings after transaction 134,269.572 units Deferred stock units settled in stock on a 1-for-1 basis
401(k) plan holdings 8,173.8549 shares Common stock held indirectly via 401(k), based on 6/30/2026 plan statement
Direct common stock holdings 724,500.0000 shares AT&T common stock held directly following July 31, 2026 update
Indirect LP holdings 352,000.0000 shares AT&T common stock held indirectly through a limited partnership
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.
partial company matching contributions financial
"purchased by the reporting person with automatic payroll deductions and partial company matching contributions"
settled only in stock on a 1-for-1 basis financial
"Deferred stock units are settled only in stock on a 1-for-1 basis"
401(k) plan statement financial
"Based on a 401(k) plan statement dated 6/30/2026"
limited partnership financial
"Common stock held indirectly by LP as a limited partnership interest"
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

FAQ

What insider transaction did AT&T (T) report for CFO Pascal Desroches?

AT&T reported that CFO Pascal Desroches acquired 3,487.472 deferred stock units linked to its common stock on July 31, 2026 at $23.25 per unit. The units were obtained through a benefit plan using payroll deductions and partial company matching contributions.

How many AT&T (T) shares and units does Pascal Desroches hold after this Form 4?

Following the reported update, Pascal Desroches holds 134,269.572 deferred stock units via a benefit plan, 8,173.8549 common shares indirectly through a 401(k), 724,500 common shares directly, and 352,000 common shares indirectly through a limited partnership.

How were the deferred stock units acquired by AT&T (T) CFO Pascal Desroches?

The 3,487.472 deferred stock units were purchased with automatic payroll deductions and partial company matching contributions under a benefit plan. According to the disclosure, these deferred stock units are settled only in stock on a 1-for-1 basis with AT&T common shares.

What does the benefit plan holding represent in AT&T (T) CFO’s ownership?

The benefit plan holding represents deferred stock units that are settled only in stock on a 1-for-1 basis. After the July 31, 2026 transaction, Pascal Desroches has 134,269.572 such units, providing stock-linked compensation rather than immediate common shares.

How are AT&T (T) shares reported in Pascal Desroches’s 401(k) in this filing?

The filing shows 8,173.8549 AT&T common shares held indirectly through a 401(k) plan. A footnote explains this amount is based on a 401(k) plan statement dated June 30, 2026, reflecting retirement-plan holdings rather than a new market transaction.

Is the AT&T (T) CFO’s acquisition a market purchase or a plan award?

The 3,487.472 units are reported under transaction code A, described as a grant, award, or other acquisition through a benefit plan. The footnote specifies they were funded by payroll deductions and company match, not as an open-market stock purchase or sale.

Was the AT&T (T) CFO’s transaction made under a Rule 10b5-1 trading plan?

The disclosure does not state that the transaction was made under a Rule 10b5-1 trading plan. The document’s specific 10b5-1 checkbox is not checked, and no footnote references any pre-arranged trading plan for this acquisition of deferred stock units.
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*
Desroches Pascal

(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)
Sr. Exec VP and CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026
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 Stock07/31/2026A(1)3,487.472A$23.25134,269.572IBy Benefit Plan
Common Stock8,173.8549(2)IBy 401(k)
Common Stock724,500D
Common Stock352,000IBy 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)
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 6/30/2026.
/s/ Johnell C. Holland, Attorney-in-fact08/04/2026
** 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)