Jeffery S. McElfresh - Jan 25, 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 25, 2024
Transactions value $
-$4,162,565
Form type
4
Date filed
1/29/2024, 05:22 PM
Previous filing
Jan 17, 2024
Next filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction T Common Stock Award +305K +218.54% 445K Jan 25, 2024 By Benefit Plan F1, F2
transaction T Common Stock Tax liability -$2.06M -120K -27% $17.18 325K Jan 25, 2024 By Benefit Plan F3
transaction T Common Stock Disposed to Issuer -$2.1M -122K -37.62% $17.18 203K Jan 25, 2024 By Benefit Plan F4
transaction T Common Stock Disposed to Issuer -62.9K -31.06% 140K Jan 25, 2024 By Benefit Plan F2, F5
holding T Common Stock 6.45K Jan 25, 2024 By 401(k) F6
holding T Common Stock 404K Jan 25, 2024 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 (2024) Award $0 +131K $0.00 131K Jan 25, 2024 Common Stock 131K 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 62,942 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares.
F6 Based on a 401(k) plan statement dated 12/29/2023.
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 1/15/2025,1/15/2026, and 1/15/2027. Vesting (but not distribution) is accelerated on retirement eligibility.