Pascal Desroches - Feb 15, 2023 Form 4 Insider Report for AT&T INC. (T)

Role
Sr. Exec VP and CFO
Signature
/s/ Bryan Hough, Attorney-in-fact
Stock symbol
T
Transactions as of
Feb 15, 2023
Transactions value $
-$326,134
Form type
4
Date filed
2/17/2023, 03:51 PM
Previous filing
Feb 2, 2023
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction T Common Stock Options Exercise +25.9K +9.32% 304K Feb 15, 2023 Direct F1, F2
transaction T Common Stock Tax liability -$185K -9.59K -3.15% $19.25 295K Feb 15, 2023 Direct F1, F3
transaction T Common Stock Options Exercise +19.9K +6.75% 314K Feb 15, 2023 Direct F1, F4
transaction T Common Stock Tax liability -$142K -7.35K -2.34% $19.25 307K Feb 15, 2023 Direct F1, F3
holding T Common Stock 2.02K Feb 15, 2023 By 401(k) F5
holding T Common Stock 30.3K Feb 15, 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 (2019) Options Exercise -25.9K -100% 0 Feb 15, 2023 Common Stock 25.9K Direct F1, F2
transaction T Restricted Stock Units (2020) Options Exercise -19.9K -50% 19.9K Feb 15, 2023 Common Stock 19.9K 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 vest and distribute on 2/15/2022 and 2/15/2023. 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 vest and distribute on each of 2/15/2022, 2/15/2023, and 2/15/2024. Vesting (but not distribution) is accelerated on retirement eligibility.
F5 Based on a 401(k) plan statement dated 12/30/2022.