David R. McAtee II - 26 Jan 2023 Form 4 Insider Report for AT&T INC. (T)

Role: Sr. Exec. VP and Gen. Counsel
Signature: /s/ Johnell C. Holland, Attorney-in-fact
Issuer symbol: T
Transactions as of: 26 Jan 2023
Transactions value $: -$2,180,656
Form type: 4
Date filed: 30 Jan 2023, 15:29
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		+137K	+68.31%		338K	26 Jan 2023	By Benefit Plan	F1, F2
transaction	T	Common Stock	Tax liability	-$1.08M	-54K	-15.97%	$20.00	284K	26 Jan 2023	By Benefit Plan	F3
transaction	T	Common Stock	Disposed to Issuer	-$1.1M	-55K	-19.33%	$20.00	229K	26 Jan 2023	By Benefit Plan	F4
transaction	T	Common Stock	Disposed to Issuer		-28.3K	-12.35%		201K	26 Jan 2023	By Benefit Plan	F2, F5
holding	T	Common Stock						6.04K	26 Jan 2023	By 401(k)	F6
holding	T	Common Stock						418K	26 Jan 2023	Direct	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 (2023)	Award	$0	+87.5K		$0.00	87.5K	26 Jan 2023	Common Stock	87.5K		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	Reflects transfer of 28,324 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares.
F6	Based on a 401(k) plan statement dated 12/30/2022.
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.