AT&T (T) COO Jeffery McElfresh acquires stock units through company benefit and 401(k) plans

Rhea-AI Filing Summary

AT&T Inc. Chief Operating Officer Jeffery S. McElfresh reported an acquisition of 603.864 shares of common stock on June 30, 2026 through a benefit plan at $20.70 per share. These deferred stock units are accumulated via automatic payroll deductions with partial company matching and are settled 1-for-1 in stock. After this award, he holds 724,034 shares directly, 9,697.6878 shares indirectly through a 401(k), and 180,337.694 shares indirectly through the benefit plan.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider McElfresh Jeffery S.

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	603.864	$20.70	$12K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 180,337.694 shares (Indirect, By Benefit Plan); Common Stock — 724,034 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 5/29/2026.

Key Figures

Benefit plan acquisition: 603.864 shares Grant price: $20.70 per share Direct holdings: 724,034 shares +2 more

5 metrics

Benefit plan acquisition 603.864 shares Grant/award on June 30, 2026

Grant price $20.70 per share Benefit plan deferred stock units

Direct holdings 724,034 shares Common stock held directly after transactions

401(k) indirect holdings 9,697.6878 shares Based on 401(k) statement dated May 29, 2026

Benefit plan indirect holdings 180,337.694 shares Deferred stock units settled 1-for-1 in stock

Key Terms

deferred stock units, automatic payroll deductions, company matching contributions, 401(k)

4 terms

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.

automatic payroll deductions financial

"purchased by the reporting person with automatic payroll deductions and partial company matching contributions"

company matching contributions financial

"automatic payroll deductions and partial company matching contributions"

401(k) financial

"Based on a 401(k) plan statement dated 5/29/2026."

A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:09 PM Accepted by SEC EDGAR 07/02/2026 - 04:08 PM Learn about SEC filing dates

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^*

McElfresh Jeffery S.

(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)
	Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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	06/30/2026		A(1)		603.864	A	$20.7	180,337.694	I	By Benefit Plan
Common Stock								9,697.6878(2)	I	By 401(k)
Common Stock								724,034	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

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 5/29/2026.

	/s/ Johnell C. Holland, Attorney-in-fact	07/02/2026
	** 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) disclose for COO Jeffery McElfresh?

AT&T disclosed that COO Jeffery McElfresh acquired 603.864 shares of common stock on June 30, 2026 through a benefit plan at $20.70 per share. The acquisition reflects deferred stock units purchased with payroll deductions and partial company matching contributions.

How many AT&T (T) shares does Jeffery McElfresh hold after this Form 4?

Following the reported transactions, Jeffery McElfresh holds 724,034 AT&T shares directly, 9,697.6878 shares indirectly through a 401(k), and 180,337.694 shares indirectly through a benefit plan. These figures show his combined direct and indirect equity exposure as of the reported date.

What is the nature of the AT&T (T) shares acquired through the benefit plan?

The reported acquisition represents deferred stock units purchased with automatic payroll deductions plus partial company matching contributions. These deferred stock units are settled only in AT&T stock on a 1-for-1 basis, meaning each unit converts into one share when distributed under the plan.

Is the AT&T (T) COO transaction a market purchase or a compensation-related award?

The transaction is coded as an "A" grant or award, indicating a compensation-related acquisition rather than an open-market purchase. Units were accumulated within a benefit plan using payroll deductions and company matching, then reported as common stock equivalents on a 1-for-1 settlement basis.

How are AT&T (T) shares held indirectly by Jeffery McElfresh structured?

Indirect holdings include 9,697.6878 shares held via a 401(k) plan and 180,337.694 shares via a benefit plan. The 401(k) balance is based on a May 29, 2026 statement, while the benefit plan balance reflects deferred stock units convertible into common shares.