AT&T (T) COO McElfresh logs RSU vesting and tax-share withholding

Rhea-AI Filing Summary

AT&T Inc. Chief Operating Officer Jeffery S. McElfresh reported routine equity compensation activity on 01/15/2026. A total of 36,102 Restricted Stock Units from a 2023 grant and 42,027 units from a 2024 grant converted into the same number of shares of common stock at an exercise price of $0 under the company’s 2018 Incentive Plan.

To satisfy mandatory tax withholding on these distributions, 7,943 and 14,618 shares of common stock were withheld at a price of $23.61 per share. After these transactions, McElfresh directly owned 613,029 shares of AT&T common stock, plus indirect holdings of 8,851.2377 shares through a 401(k) plan and 170,751.037 shares through a benefit plan.

Insider Trade Summary

78,129 shares exercised/converted

Mixed 8 txns

Insider McElfresh Jeffery S.

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units (2023)	36,102	$0.00	--
Exercise	Restricted Stock Units (2024)	42,027	$0.00	--
Exercise	Common Stock	36,102	$0.00	--
Tax Withholding	Common Stock	7,943	$23.61	$188K
Exercise	Common Stock	42,027	$0.00	--
Tax Withholding	Common Stock	14,618	$23.61	$345K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units (2023) — 0 shares (Direct); Restricted Stock Units (2024) — 42,028 shares (Direct); Common Stock — 593,563 shares (Direct); Common Stock — 8,851.238 shares (Indirect, By 401(k))

Footnotes (1)

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 1/15/2024, 1/15/2025, and 1/15/2026. Vesting (but not distribution) is accelerated on retirement eligibility. Mandatory tax withholding on distribution of Restricted Stock Units. 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 1/15/2025,1/15/2026, and 1/15/2027. Vesting (but not distribution) is accelerated on retirement eligibility. Based on a 401(k) plan statement dated 11/30/2025.

Form 4 Insider Transactions: What Each Field Means →

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

OMB Number:			3235-0287
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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^*

McElfresh Jeffery S.

(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)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

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	01/15/2026		M		36,102	A	$0(1)	593,563	D
Common Stock	01/15/2026		F(2)		7,943	D	$23.61	585,620	D
Common Stock	01/15/2026		M		42,027	A	$0(3)	627,647	D
Common Stock	01/15/2026		F(2)		14,618	D	$23.61	613,029	D
Common Stock								8,851.2377(4)	I	By 401(k)
Common Stock								170,751.037	I	By Benefit Plan

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 (2023)	(1)	01/15/2026		M			36,102	(1)	(1)	Common Stock	36,102	(1)	0	D
Restricted Stock Units (2024)	(3)	01/15/2026		M			42,027	(3)	(3)	Common Stock	42,027	(3)	42,028	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 1/15/2024, 1/15/2025, and 1/15/2026. Vesting (but not distribution) is accelerated on retirement eligibility.

2. Mandatory tax withholding on distribution of Restricted Stock Units.

3. 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 1/15/2025,1/15/2026, and 1/15/2027. Vesting (but not distribution) is accelerated on retirement eligibility.

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

	/s/ Johnell C. Holland, Attorney-in-fact	01/20/2026
	** 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 insider transactions did AT&T (T) COO Jeffery McElfresh report?

Jeffery S. McElfresh reported the conversion of 36,102 Restricted Stock Units from a 2023 grant and 42,027 units from a 2024 grant into AT&T common shares on 01/15/2026, along with related share withholding for taxes.

How many AT&T Restricted Stock Units vested for the COO on 01/15/2026?

On 01/15/2026, 36,102 Restricted Stock Units from a 2023 award and 42,027 units from a 2024 award vested and converted into the same number of AT&T common shares.

Were any AT&T (T) shares sold on the market in this Form 4?

The Form 4 shows transactions coded F for 7,943 and 14,618 common shares at $23.61 per share, described in the footnotes as mandatory tax withholding on the distribution of Restricted Stock Units.

How many AT&T shares does the COO own after the reported transactions?

Following the transactions, Jeffery S. McElfresh directly owned 613,029 AT&T common shares. He also had indirect holdings of 8,851.2377 shares through a 401(k) and 170,751.037 shares through a benefit plan.

What plans govern the AT&T Restricted Stock Units reported in this Form 4?

The Restricted Stock Units were granted under AT&T’s 2018 Incentive Plan. Each unit converts into one share of common stock with vesting schedules outlined in the footnotes.

What are the vesting schedules for the AT&T RSU awards reported?

For the 2023 award, one-third of the units vests and distributes on each of 01/15/2024, 01/15/2025, and 01/15/2026. For the 2024 award, one-third vests and distributes on each of 01/15/2025, 01/15/2026, and 01/15/2027, with vesting (but not distribution) accelerated on retirement eligibility.