Desroches Pascal 4

What Happened

• Pascal Desroches, Senior EVP and CFO of AT&T (T), had 28,389 restricted stock units (RSUs) convert into 28,389 shares on Feb 13, 2026. To cover taxes, 10,504 of those shares were withheld and disposed at $28.80 per share for $302,515, leaving a net delivery of 17,885 shares (approx. $515,000 using $28.80).

Key Details

• Transaction date: 2026-02-13; Form filed: 2026-02-18 (5 days after the transaction).
• RSUs converted: 28,389 shares acquired (conversion of derivative).
• Tax withholding: 10,504 shares withheld/disposed at $28.80 = $302,515 (code F).
• Net shares received: 28,389 − 10,504 = 17,885 shares (approx. $515,088 at $28.80).
• Footnotes: F1 — Units are RSUs under AT&T’s 2018 Incentive Plan that convert 1:1 to shares and vest/distribute on 2/15/2026–2028; F2 — the 10,504-share disposal reflects mandatory tax withholding.
• No indication of a 10b5-1 plan or a gift; this was a routine RSU distribution with tax withholding.
• Filing lag: the Form 4 was filed five days after the reported transaction date; check filings for any late-filing notation.

Context

• This was not an open-market buy or voluntary sale: it’s an RSU distribution (derivative conversion) with shares withheld for taxes — a common administrative/compensation event rather than a directional trade signal. Purchases generally carry more weight for bullish signals; here the executive simply received compensation shares and had required withholding.