F. Thaddeus Arroyo - 26 Jan 2023 Form 4 Insider Report for AT&T INC. (T)

Role: Chief Strategy & Dev Officer
Signature: /s/ Johnell C. Holland, Attorney-in-fact
Issuer symbol: T
Transactions as of: 26 Jan 2023
Net transactions value: -$1,334,899
Form type: 4
Filing time: 30 Jan 2023, 14:23:14 UTC
Previous filing: 18 Jan 2023
Next filing: 02 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	Award		+84,083	+634%		97,348	26 Jan 2023	By Benefit Plan	F1, F2
transaction	T	Common Stock	Tax liability	$661,733	-33,087	-34%	$20.00	64,261	26 Jan 2023	By Benefit Plan	F3
transaction	T	Common Stock	Disposed to Issuer	$673,166	-33,658	-52%	$20.00	30,603	26 Jan 2023	By Benefit Plan	F4
transaction	T	Common Stock	Disposed to Issuer		-17,338	-57%		13,265	26 Jan 2023	By Benefit Plan	F2
holding	T	Common Stock						338	26 Jan 2023	By 401(k)	F5
holding	T	Common Stock						127,026	26 Jan 2023	Direct	F6

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 (2023)	Award	$0	+40,938		$0.000000	40,938	26 Jan 2023	Common Stock	40,938		Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Total performance shares distributed.
F2	Each performance share is equivalent in value to a share of common stock.
F3	Mandatory tax withholding on distribution of performance shares.
F4	Represents portion of the performance shares distributed in cash, after taxes.
F5	Based on a 401(k) plan statement dated 12/30/2022.
F6	Reflects transfer of 17,338 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares.
F7	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.