STANKEY JOHN T 4

What Happened
John T. Stankey, CEO, President and a director of AT&T, converted 65,128 restricted stock units (RSUs) into 65,128 shares on Feb 13, 2026. To satisfy mandatory tax withholding, 24,098 of those shares were disposed (withheld) at $28.80 per share, yielding $694,022. The net shares retained from this conversion were 41,030 (65,128 converted minus 24,098 withheld), which at $28.80/share is roughly $1.18M in value.

Key Details

• Transaction date: February 13, 2026; Form 4 filed February 18, 2026 (timely within the SEC two-business-day window given the Feb 16 holiday).
• Conversion: 65,128 RSUs converted into common shares (transaction code M — exercise/conversion of derivative). No exercise price reported for conversion (N/A).
• Tax withholding: 24,098 shares withheld/disposed at $28.80 per share for $694,022 (transaction code F — payment of tax liability).
• Net shares received: 41,030. The filing does not state Stankey’s total AT&T holdings after the transaction.
• Relevant footnotes: F1 — RSUs were granted under the 2018 Incentive Plan and convert 1:1 to common stock (vesting schedule: one‑third on each of 2/15/2026, 2/15/2027, 2/15/2028; vesting accelerates on retirement eligibility). F2 — withholding was mandatory to cover taxes. F3 relates to a 401(k) statement as of 1/31/2026.

Context
This was a routine conversion of RSUs and a tax-withholding disposition, not an open-market sale. Withholding shares to cover taxes is common and does not necessarily indicate the insider’s view on the stock. The transaction reflects compensation schedule mechanics (vesting and distribution of RSUs) rather than a discretionary buy or sell.