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AT&T INC.·4

Feb 2, 5:40 PM ET

Legg Jeremy Alan 4

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AT&T CTO Jeremy Legg Receives 151,126 Performance Shares

What Happened

  • Jeremy Alan Legg, Chief Technology Officer of AT&T (T), received a distribution of performance shares on January 29, 2026 — 151,126.24 performance shares (each equivalent in value to one common share). As part of the distribution, 65,534.703 shares were surrendered/ sold to cover mandatory tax withholding at $25.13 per share (proceeds $1,646,887), and 56,490.537 shares were returned to the issuer at $25.13 per share (value $1,419,607). An additional 29,101 shares were transferred from indirect to direct ownership due to the distribution. Legg also acquired 42,280 restricted stock units (RSUs) under the 2018 Incentive Plan (derivative award; $0 exercise price).

Key Details

  • Transaction date: 2026-01-29; Form 4 filed 2026-02-02 (appears timely — within 2 business days).
  • Performance shares distributed: 151,126.24 (F1). Each performance share equals one common share in value (F2).
  • Tax withholding: 65,534.703 shares disposed at $25.13 = $1,646,887 (F3 — mandatory withholding; F4 indicates portion distributed in cash after taxes).
  • Disposition to issuer: 56,490.537 shares at $25.13 = $1,419,607.
  • Transfer to direct ownership: 29,101 shares moved from indirect to direct ownership due to distribution (F5).
  • RSUs: 42,280 restricted stock units granted under the 2018 Incentive Plan (convert to one share each; one‑third vests and distributes on 2/15/2027, 2/15/2028, 2/15/2029; vesting accelerates on retirement eligibility) (F7).
  • Some holdings referenced from a 401(k) statement dated 11/30/2025 (F6).
  • Shares owned after transaction: not specified in the Form 4 filing.

Context

  • This filing reflects awards and routine tax-withholding-related dispositions tied to a performance share distribution — not an open-market purchase or a discretionary sale by the insider. Sales here are to satisfy taxes and to return shares to the issuer, which is common when performance shares or RSUs are distributed. The RSU grant vests over multiple years, so those shares are subject to future vesting conditions.