Lee Lori M 4

4 · AT&T INC. · Filed Feb 2, 2026

AI-generated summary of this filing

Updated Feb 2, 2026

AT&T Exec Lori M. Lee Receives Performance Shares; Sells Shares for Taxes

What Happened

Lori M. Lee, AT&T Global Marketing Officer & SEVP International, received a distribution of 238,313.12 performance shares on 2026-01-29. As part of that distribution, 94,000.508 shares were sold to cover tax withholding at $25.13/share (proceeds $2,362,233) and 95,246.612 shares were surrendered to the issuer at $25.13/share (value $2,393,547). Separately, 49,066 shares previously held indirectly were transferred to direct ownership. Lee was also granted 55,710 restricted stock units (RSUs) under the 2018 Incentive Plan (derivative award; $0 purchase price) that vest in thirds in 2027–2029.

Key Details

Transaction date: 2026-01-29.
Sales/withholding prices: $25.13 per share for the 94,000.508-share sale (proceeds $2,362,233) and 95,246.612-share surrender valued at $2,393,547 (same per-share basis).
Total performance shares distributed: 238,313.12 (F1–F2).
Tax withholding: 94,000.508 shares sold to cover taxes; portion of distribution represented/paid in cash per footnotes (F3–F4).
Transfer of 49,066 shares from indirect to direct ownership due to the distribution (F5).
New RSU grant: 55,710 units under 2018 Incentive Plan; each converts to one share, vesting one‑third on each of 2/15/2027, 2/15/2028, 2/15/2029 (F7).
No indication here of a purchase for investment; the share disposals are routine tax-withholding/surrender related to a performance share distribution.

Context

This filing reflects a performance-share distribution with mandatory tax withholding (routine compensation-related transactions), not an open-market sale for investment. The RSU grant is a time‑based derivative award that vests in future years and will convert to shares if vesting conditions are met.

Form 4

Period: 2026-01-29

Global Mktg Ofr & SEVP Intl

Transactions

Award
Common Stock
[F1][F2]
2026-01-29+238,313.12→ 249,390.562 total(indirect: By Benefit Plan)
Tax Payment
Common Stock
[F3]
2026-01-29$25.13/sh−94,000.508$2,362,233→ 155,390.054 total(indirect: By Benefit Plan)
Disposition to Issuer
Common Stock
[F4]
2026-01-29$25.13/sh−95,246.612$2,393,547→ 60,143.442 total(indirect: By Benefit Plan)
Disposition to Issuer
Common Stock
[F5][F2]
2026-01-29−49,066→ 11,077.442 total(indirect: By Benefit Plan)
Award
Restricted Stock Units (2026)
[F7]
2026-01-29+55,710→ 55,710 total
→ Common Stock (55,710 underlying)

Holdings

Footnotes (7)

[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 49,066 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares.
[F6]Based on a 401(k) plan statement dated 11/30/2025.
[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 2/15/2027, 2/15/2028, and 2/15/2029. Vesting (but not distribution) is accelerated on retirement eligibility.

Signature

/s/ Johnell C. Holland, Attorney-in-fact|2026-02-02

1 file