Jeffery S. McElfresh - Jan 26, 2023 Form 4 Insider Report for AT&T INC. (T)

Role
Chief Operating Officer
Signature
/s/ Johnell C. Holland, Attorney-in-fact
Stock symbol
T
Transactions as of
Jan 26, 2023
Transactions value $
-$2,364,100
Form type
4
Date filed
1/30/2023, 03:39 PM
Previous filing
Jan 18, 2023
Next filing
Feb 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction T Common Stock Award +149K +114.2% 279K Jan 26, 2023 By Benefit Plan F1, F2
transaction T Common Stock Tax liability -$1.17M -58.6K -20.98% $20.00 221K Jan 26, 2023 By Benefit Plan F3
transaction T Common Stock Disposed to Issuer -$1.19M -59.6K -27.01% $20.00 161K Jan 26, 2023 By Benefit Plan F4
transaction T Common Stock Disposed to Issuer -30.7K -19.06% 130K Jan 26, 2023 By Benefit Plan F2, F5
holding T Common Stock 5.21K Jan 26, 2023 By 401(k) F6
holding T Common Stock 230K Jan 26, 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 +113K $0.00 113K Jan 26, 2023 Common Stock 113K 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 30,706 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.