Gillespie Edward W 4/A

What Happened Edward W. Gillespie, Senior Executive VP — External & Legislative Affairs at AT&T, had 71,302.097 performance-share equivalents withheld to satisfy taxes (disposed) and 57,286.903 shares disposed to the issuer on January 29, 2026. The withheld shares were valued at $25.13 each (≈ $1,791,822) and the shares surrendered to the issuer were also at $25.13 each (≈ $1,439,620), for a combined cash impact of about $3.23 million. In addition, 29,511 shares were transferred from indirect (benefit plan) to direct ownership as part of the distribution (no cash sale).

Key Details

• Transaction date: January 29, 2026; reported in an amended Form 4 filed February 19, 2026.
• Prices and values: 71,302.097 shares withheld @ $25.13 = $1,791,822; 57,286.903 shares disposed to issuer @ $25.13 = $1,439,620. 29,511 shares transferred to direct ownership (no price reported).
• Total disposed/withheld shares on Jan 29: 128,589.000 shares; combined cash value shown ≈ $3,231,442.
• Footnotes indicate these were performance-share distributions and amounts were revised after a tax re-calculation (shares withheld to satisfy federal taxes; portion distributed in cash vs. issuer shares). Each performance share equals one common share.
• Shares owned after the transactions are not specified in the excerpt provided.
• This filing is an amendment updating the January 29 transactions; the amendment was filed Feb 19, 2026.

Context

• These dispositions appear to be tax-related withholdings and issuer surrenders tied to a performance-share distribution (not an open-market sale). Withheld/surrendered shares to cover taxes are routine and do not necessarily signal a change in the insider’s view of the company.
• The 29,511-share movement was an internal transfer from an employee benefit plan to direct ownership following distribution of performance shares, not a sale.