AT&T (NYSE: T) CFO adds 1,629 deferred units via benefit plan

Rhea-AI Filing Summary

AT&T Inc. senior executive Pascal Desroches reported a compensation-related share acquisition through a company benefit plan. On May 29, 2026, a Form 4 shows an award of 1,629.704 shares of common stock at $24.80 per share, held indirectly via a benefit plan.

Following this award, Desroches indirectly holds 128,778.879 shares through the benefit plan, 352,000 shares through a limited partnership, and 7,741.801 shares in a 401(k), in addition to 724,500 shares held directly. A footnote explains the benefit-plan position represents deferred stock units purchased via payroll deductions with partial company matching, settled 1-for-1 in stock.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Desroches Pascal

Role Sr. Exec VP and CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,629.704	$24.80	$40K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 128,778.879 shares (Indirect, By Benefit Plan); Common Stock — 724,500 shares (Direct, null)

Footnotes (1)

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. Based on a 401(k) plan statement dated 4/30/2026.

Key Figures

Benefit-plan award: 1,629.704 shares at $24.80 Benefit-plan holdings: 128,778.879 shares Direct holdings: 724,500 shares +2 more

5 metrics

Benefit-plan award 1,629.704 shares at $24.80 Grant/acquisition through benefit plan on May 29, 2026

Benefit-plan holdings 128,778.879 shares Indirect holdings via benefit plan after transaction

Direct holdings 724,500 shares Common stock held directly after reported transactions

Limited partnership holdings 352,000 shares Indirect common stock holdings via LP

401(k) holdings 7,741.801 shares Indirect common stock holdings via 401(k) as of April 30, 2026

Key Terms

deferred stock units, 401(k) plan, Sr. Exec VP and CFO, indirect ownership

4 terms

deferred stock units financial

"Represents deferred stock units purchased by the reporting person with automatic payroll deductions and partial company matching contributions."

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.

401(k) plan financial

"Based on a 401(k) plan statement dated 4/30/2026."

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

Sr. Exec VP and CFO financial

"Sr. Exec VP and CFO"

indirect ownership financial

"Indirect holdings via a limited partnership, benefit plan, and 401(k)"

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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
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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. Exec VP and CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/29/2026		A(1)		1,629.704	A	$24.8	128,778.879	I	By Benefit Plan
Common Stock								7,741.801(2)	I	By 401(k)
Common Stock								724,500	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 4/30/2026.

	/s/ Johnell C. Holland, Attorney-in-fact	06/02/2026
	** 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.
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)

FAQ

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

AT&T reported a compensation-related acquisition for Pascal Desroches. He received 1,629.704 shares of common stock at $24.80 per share through a company benefit plan, increasing his indirect holdings associated with deferred stock units settled 1-for-1 in AT&T stock.

Was the AT&T (T) Pascal Desroches Form 4 a market buy or a grant?

The Form 4 reflects a grant or award acquisition, not an open-market buy. The 1,629.704 shares were acquired under a benefit plan using payroll deductions and partial company matching, as deferred stock units convertible 1-for-1 into AT&T common stock.

How many AT&T (T) shares does Pascal Desroches hold directly after this filing?

After the reported transactions, Pascal Desroches holds 724,500 AT&T common shares directly. This direct position is separate from his indirect holdings through a limited partnership, a 401(k) plan, and a benefit plan with deferred stock units settled in stock.

What indirect AT&T (T) holdings does Pascal Desroches report in the Form 4?

Desroches reports several indirect holdings: 128,778.879 shares via a benefit plan, 352,000 shares via a limited partnership, and 7,741.801 shares via a 401(k) plan. The benefit-plan position consists of deferred stock units purchased with payroll deductions plus partial company matching.

What does the benefit plan disclosure mean for AT&T (T) insider Pascal Desroches?

The benefit plan disclosure shows compensation-linked equity accumulation. Desroches acquires deferred stock units through automatic payroll deductions with partial company matching, settled only in AT&T stock on a 1-for-1 basis, aligning part of his compensation with the company’s share performance over time.

What does the AT&T (T) Form 4 say about Pascal Desroches’ 401(k) holdings?

The Form 4 reports 7,741.801 AT&T common shares held indirectly through a 401(k) plan. A footnote states this amount is based on a 401(k) plan statement dated April 30, 2026, providing a specific reference date for that retirement-plan position.