Jeffery S. McElfresh - 25 Jan 2024 Form 4 Insider Report for AT&T INC. (T)

Role
Chief Operating Officer
Signature
/s/ Johnell C. Holland, Attorney-in-fact
Issuer symbol
T
Transactions as of
25 Jan 2024
Net transactions value
-$4,162,565
Form type
4
Filing time
29 Jan 2024, 17:22:40 UTC
Previous filing
17 Jan 2024
Next filing
02 Feb 2024
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 +305,233 +219% 444,905 25 Jan 2024 By Benefit Plan F1, F2
transaction T Common Stock Tax liability $2,063,478 -120,109 -27% $17.18 324,796 25 Jan 2024 By Benefit Plan F3
transaction T Common Stock Disposed to Issuer $2,099,087 -122,182 -38% $17.18 202,614 25 Jan 2024 By Benefit Plan F4
transaction T Common Stock Disposed to Issuer -62,942 -31% 139,672 25 Jan 2024 By Benefit Plan F2, F5
holding T Common Stock 6,448 25 Jan 2024 By 401(k) F6
holding T Common Stock 403,595 25 Jan 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 +130,966 $0.000000 130,966 25 Jan 2024 Common Stock 130,966 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.