AT&T INC.·4/A

Feb 19, 8:11 PM ET

Legg Jeremy Alan 4/A

Research Summary

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AT&T CTO Jeremy Legg Withholds and Sells Performance Shares

What Happened
Jeremy Alan Legg, Chief Technology Officer of AT&T (T), reported dispositions on Jan 29, 2026 related to performance share distribution and tax withholding. The filing shows 67,310.343 shares withheld at $25.13/share to satisfy tax liability (value $1,691,509) and 55,318.897 shares disposed to the issuer at $25.13/share (value $1,390,164). An additional 28,497 performance shares were transferred from indirect to direct ownership (no cash value reported). This is an amended Form 4 (filed Feb 19) updating the reported share counts and tax-withholding calculations.

Key Details

  • Transaction date: 2026-01-29. Price for withheld/disposed shares: $25.13/share.
    • 67,310.343 shares withheld for taxes (F) — $1,691,509.
    • 55,318.897 shares disposed to issuer (D) — $1,390,164.
    • 28,497 shares transferred from indirect to direct ownership (no price/amount reported).
  • Shares owned after transaction: not specified in the provided excerpt of the filing.
  • Notable footnotes: filings revised to reflect re-calculation of shares needed for federal taxes, with some performance shares distributed in cash after taxes and some in issuer shares; each performance share equals one common share; 28,497 shares moved from indirect to direct ownership (see F1–F5).
  • Filing status: This is an amended Form 4 filed Feb 19, 2026 reporting Jan 29 transactions (see SEC record for original filing/timeliness).

Context

  • These entries reflect settlement of performance shares and routine tax withholding/disposition to the issuer, not an open-market purchase or sale operation by the insider. Tax withholding and issuer dispositions are common when performance awards vest and do not necessarily signal a change in insider sentiment.
  • For retail investors, purchases by insiders tend to be more informative; this filing documents compensation-related share handling rather than a voluntary market sale.