Jeffery S. McElfresh - Jan 12, 2024 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 12, 2024
Transactions value $
-$771,445
Form type
4
Date filed
1/17/2024, 05:24 PM
Previous filing
Jan 3, 2024
Next filing
Jan 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction T Common Stock Options Exercise +45.5K +19.25% 282K Jan 12, 2024 Direct F1, F2
transaction T Common Stock Tax liability -$165K -10K -3.55% $16.48 272K Jan 12, 2024 Direct F1, F3
transaction T Common Stock Options Exercise +28.9K +10.63% 301K Jan 12, 2024 Direct F4
transaction T Common Stock Tax liability -$139K -8.42K -2.8% $16.48 292K Jan 12, 2024 Direct F3
transaction T Common Stock Options Exercise +40.6K +13.88% 333K Jan 12, 2024 Direct F5
transaction T Common Stock Tax liability -$247K -15K -4.51% $16.48 318K Jan 12, 2024 Direct F3
transaction T Common Stock Options Exercise +36.1K +11.36% 354K Jan 12, 2024 Direct F6
transaction T Common Stock Tax liability -$220K -13.4K -3.77% $16.48 341K Jan 12, 2024 Direct F1, F3
holding T Common Stock 6.45K Jan 12, 2024 By 401(k) F7
holding T Common Stock 140K Jan 12, 2024 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 (2020) Options Exercise -45.5K -100% 0 Jan 12, 2024 Common Stock 45.5K Direct F1, F2
transaction T Restricted Stock Units (2021) Options Exercise -28.9K -100% 0 Jan 12, 2024 Common Stock 28.9K Direct F4
transaction T Restricted Stock Units (2022) Options Exercise -40.6K -50% 40.6K Jan 12, 2024 Common Stock 40.6K Direct F5
transaction T Restricted Stock Units (2023) Options Exercise -36.1K -33.33% 72.2K Jan 12, 2024 Common Stock 36.1K Direct F6
* 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. Units vest and distribute on 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 1/15/2022, 1/15/2023 and 1/15/2024. Vesting (but not distribution) is accelerated on retirement eligibility.
F5 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.
F6 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.
F7 Based on a 401(k) plan statement dated 12/29/2023.