AT&T (NYSE: T) CMO receives RSUs and large performance share distribution

Rhea-AI Filing Summary

AT&T Inc. Chief Marketing & Growth Officer Kenny Kellyn Smith reported multiple equity-related transactions on 01/29/2026. A grant of 34,819 restricted stock units (2026) was received under the 2018 Incentive Plan, each unit converting into one share of common stock with vesting over 2027–2029. A benefit plan associated with the officer acquired 102,300 shares of common stock as performance shares were distributed, with part of the award used for mandatory tax withholding and part settled in cash at $25.13 per share. Following these movements, the filing shows 228,712 shares held directly and additional common stock held indirectly through a benefit plan and a 401(k) account.

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^*

Smith Kenny Kellyn

(Last) (First) (Middle)

208 S. AKARD STREET

(Street)

DALLAS 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)
	Chief Marketing & Growth Ofcr

3. Date of Earliest Transaction (Month/Day/Year)
01/29/2026

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	01/29/2026		A(1)		102,300	A	(2)	102,300	I	By Benefit Plan
Common Stock	01/29/2026		F(3)		37,565.8954	D	$25.13	64,734.1046	I	By Benefit Plan
Common Stock	01/29/2026		D(4)		42,725.1046	D	$25.13	22,009	I	By Benefit Plan
Common Stock	01/29/2026		D(5)		22,009	D	(2)	0	I	By Benefit Plan
Common Stock								4,936.7745(6)	I	By 401(k)
Common Stock								228,712(5)	D

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 (2026)	(7)	01/29/2026		A		34,819		(7)	(7)	Common Stock	34,819	$0(7)	34,819	D

Explanation of Responses:

1. Total performance shares distributed.

2. Each performance share is equivalent in value to a share of common stock.

3. Mandatory tax withholding on distribution of performance shares.

4. Represents portion of the performance shares distributed in cash, after taxes.

5. Reflects transfer of 22,009 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares.

6. Based on a 401(k) plan statement dated 11/30/2025.

7. 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 2/15/2027, 2/15/2028, and 2/15/2029. Vesting (but not distribution) is accelerated on retirement eligibility.

	/s/ Johnell C. Holland, Attorney-in-fact	02/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did AT&T (T) disclose about Kenny Kellyn Smith’s equity awards?

AT&T reported that Chief Marketing & Growth Officer Kenny Kellyn Smith received 34,819 restricted stock units (2026) under the 2018 Incentive Plan. Each unit converts into one share of common stock, with vesting and distribution scheduled in three annual installments beginning in February 2027.

How many AT&T (T) performance shares were distributed to the benefit plan?

The filing shows a benefit plan associated with the officer received 102,300 shares of AT&T common stock as a total performance share distribution. Each performance share is equivalent in value to one share of common stock, according to the explanation of responses in the document.

What share sales related to taxes did AT&T (T) report for Kenny Kellyn Smith?

AT&T disclosed that 37,565.8954 shares of common stock tied to performance shares were disposed of at $25.13 per share for mandatory tax withholding. This transaction is coded “F,” indicating shares withheld or sold to satisfy tax obligations on the equity distribution.

How many AT&T (T) shares were settled in cash from performance shares?

The filing states that 42,725.1046 shares of AT&T common stock, linked to performance shares, were disposed of at $25.13 per share. A footnote explains this amount represents the portion of the performance shares distributed in cash, after accounting for applicable taxes.

What direct and indirect AT&T (T) share holdings does Kenny Kellyn Smith report?

After these transactions, the Form 4 shows 228,712 shares of AT&T common stock held directly. It also reports indirect holdings through a benefit plan and 4,936.7745 shares in a 401(k), based on a November 30, 2025 plan statement, reflecting retirement-related ownership.

How do the new restricted stock units for AT&T (T) vest over time?

The 34,819 restricted stock units (2026) vest and distribute in three equal installments. One-third vests and distributes on each of February 15, 2027, February 15, 2028, and February 15, 2029, with vesting accelerated upon retirement eligibility but distribution remaining on that schedule.