Jeffery S. McElfresh - Nov 30, 2022 Form 4 Insider Report for AT&T INC. (T)

Signature
/s/ Johnell C. Holland, Attorney-in-fact
Stock symbol
T
Transactions as of
Nov 30, 2022
Transactions value $
-$66,944
Form type
4
Date filed
12/2/2022, 02:15 PM
Previous filing
Nov 2, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction T Common Stock Award $24K +1.24K +0.97% $19.28 129K Nov 30, 2022 By Benefit Plan F1
transaction T Common Stock Options Exercise $0 +4.72K +3.71% $0.00 132K Nov 30, 2022 Direct F2, F3
transaction T Common Stock Tax liability -$90.9K -4.72K -3.58% $19.28 127K Nov 30, 2022 Direct F2, F4
holding T Common Stock 5.21K Nov 30, 2022 By 401(k) F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction T Restricted Stock Units (2022) Options Exercise -4.72K -3.73% 122K Nov 30, 2022 Common Stock 4.72K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 Reflects an anti-dilution adjustment made in connection with the WarnerMedia/Discovery transaction pursuant to the terms of the 2018 Incentive Plan.
F3 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 1/15/2023, 1/15/2024, and 1/15/2025. Vesting (but not distribution) is accelerated on retirement eligibility.
F4 Mandatory tax withholding on vested Restricted Stock Units.
F5 Based on a 401(k) plan statement dated 10/31/2022.