Desroches Pascal 4

What Happened

• Pascal Desroches, Senior Executive Vice President and Chief Financial Officer of AT&T, received an award of 3,021.549 deferred stock units on January 30, 2026. The units were recorded at $26.21 per share, for a total grant value of $79,195. This transaction is an award/acquisition (code A), not a sale.

Key Details

• Transaction date and price: 2026-01-30 at $26.21 per share.
• Shares/units received: 3,021.549 deferred stock units; total value reported $79,195.
• Shares owned after transaction: not disclosed in the filing.
• Footnotes:
  • F1: These are deferred stock units purchased by the reporting person via automatic payroll deductions with partial company matching; they settle only in stock on a 1-for-1 basis.
  • F2: Based on a 401(k) plan statement dated 12/31/2025 (supports the source of some units).
• Filing timeliness: Form filed 2026-02-03 for a 2026-01-30 transaction — within the typical two-business-day Form 4 reporting window (timely).

Context

• Deferred stock units are a form of compensation/deferral that convert to actual shares later (here, settled 1-for-1 in stock). This award reflects compensation/deferral activity rather than an open-market purchase or sale, and does not by itself indicate a buy/sell signal.