Gillespie Edward W 4

What Happened

• Edward W. Gillespie, SEVP — External & Legislative Affairs at AT&T, had 11,795 restricted stock units (RSUs) convert into common shares on 2026-02-13. Of those, 5,315 shares were withheld to cover tax withholding at $28.80/share (total withheld value $153,072), leaving a net 6,480 shares delivered to him. The implied gross value of the 11,795 shares at $28.80 is about $339,696.
• This was a routine RSU distribution/vesting event (not an open-market purchase or discretionary sale).

Key Details

• Transaction date: 2026-02-13; Form 4 filed 2026-02-18 (timely given the Presidents’ Day holiday).
• Conversion code: M (exercise/conversion of derivative — RSU conversion). Withholding code: F (shares withheld to satisfy tax liability).
• Withholding: 5,315 shares at $28.80 each = $153,072 withheld for taxes.
• Net shares received: 6,480 (11,795 vested − 5,315 withheld). Total post-transaction holdings not disclosed on the summary provided.
• Footnotes: RSUs granted under the 2018 Incentive Plan; vesting schedule is one-third on each of 2/15/2026, 2/15/2027, and 2/15/2028, with vesting (but not distribution) accelerated on retirement eligibility. F3 references a 401(k) plan statement dated 1/31/2026.

Context

• These were vested RSUs converting into shares with mandatory tax withholding by surrender of shares — a common, administrative transaction that does not necessarily signal a buy or sell decision by the insider.
• No open-market sale of shares was reported in this filing (apart from the share-for-tax withholding). For retail investors, purchases are generally more informative than routine vesting/distributions.