Edward W. Gillespie - 13 Jan 2023 Form 4 Insider Report for AT&T INC. (T)

Role
SrEVP-Ext & Legal Affairs
Signature
/s/ Johnell C. Holland, Attorney-in-fact
Issuer symbol
T
Transactions as of
13 Jan 2023
Net transactions value
-$135,032
Form type
4
Filing time
18 Jan 2023, 18:24:59 UTC
Previous filing
02 Nov 2022
Next filing
16 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction T Common Stock Options Exercise +7,062 +194% 10,703 13 Jan 2023 Direct F1, F2
transaction T Common Stock Tax liability $48,484 -2,480 -23% $19.55 8,223 13 Jan 2023 Direct F1, F3
transaction T Common Stock Options Exercise +14,756 +179% 22,979 13 Jan 2023 Direct F1, F4
transaction T Common Stock Tax liability $86,548 -4,427 -19% $19.55 18,552 13 Jan 2023 Direct F1, F3
holding T Common Stock 2,403 13 Jan 2023 By 401(k) F5
holding T Common Stock 29,805 13 Jan 2023 By Benefit Plan

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 (2021) Options Exercise -7,062 -50% 7,062 13 Jan 2023 Common Stock 7,062 Direct F1, F2
transaction T Restricted Stock Units (2022) Options Exercise -14,756 -33% 29,513 13 Jan 2023 Common Stock 14,756 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects an anti-dilution adjustment made in connection with the WarnerMedia/Discovery transaction pursuant to the terms of the 2018 Incentive plan.
F2 Restricted stock units acquired pursuant to the 2018 Incentive Plan. Each unit will convert into one share of issuer's common stock. One-half of the units vests and distributes on each of 1/15/2023 and 1/15/2024. Vesting (but not distribution) is accelerated on retirement eligibility.
F3 Mandatory tax withholding on distribution of Restricted Stock Units.
F4 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.
F5 Based on a 401(k) plan statement dated 11/30/2022.