Legg Jeremy Alan 4
Research Summary
AI-generated summary
AT&T CTO Jeremy Legg Receives 10,816 Shares; 4,564 Withheld
What Happened
- Jeremy Alan Legg, Chief Technology Officer of AT&T (T), received 10,816 shares on 2026-02-13 due to conversion/vesting of restricted stock units (reported as derivative/vesting). To satisfy mandatory tax withholding, 4,564 of those shares were withheld at $28.80 per share for a withholding value of $131,443. Net shares delivered to Legg were 6,252 (10,816 − 4,564). The underlying RSUs were granted under the 2018 Incentive Plan.
Key Details
- Transaction date: 2026-02-13; Form 4 filed: 2026-02-18 (appears timely accounting for the federal holiday).
- Shares acquired via RSU conversion: 10,816.
- Shares withheld for taxes (disposed): 4,564 at $28.80 per share, totaling $131,443.
- Net shares received by insider: 6,252 (approx. $180,058 at $28.80/share). Total pre-withholding value ≈ $311,501.
- Footnotes: F1 — RSUs under 2018 Incentive Plan; vesting/distribution schedule is one-third on 2/15/2026, 2/15/2027, 2/15/2028; vesting accelerates on retirement eligibility. F2 — mandatory tax withholding on RSU distribution. F3 — referenced a 401(k) statement dated 1/31/2026.
- Shares owned after the transaction are not specified in the reported items.
Context
- This was an RSU vesting/distribution, not an open-market purchase or a voluntary sale. The withholding of shares to cover taxes is a routine administrative step and does not signal a market-driven sale of remaining shares.
- For RSU transactions, the M code reflects conversion/vesting of a derivative award and F indicates shares disposed to satisfy taxes. Such awards are common compensation events for executives and are typically pre-scheduled per the plan’s vesting terms.