Smith Kenny Kellyn 4/A

What Happened
Kenny Smith, Chief Marketing & Growth Officer at AT&T (T), received a distribution of performance shares on January 29, 2026. Of the distribution, 21,275 shares were transferred to direct ownership. Separately, 39,725.58 shares were withheld to satisfy federal taxes (valued at $998,304 at $25.13/share) and 41,299.42 share-equivalents were distributed in cash to the issuer (valued at $1,037,854 at $25.13/share). The filing is an amended Form 4 reflecting recalculations related to tax withholding and distribution.

Key Details

• Transaction date: 2026-01-29; Form 4 amended and filed 2026-02-19.
• Prices/values: withheld 39,725.58 shares at $25.13 = $998,304; cash distribution 41,299.42 share-equivalents at $25.13 = $1,037,854. One transfer of 21,275 shares reported as N/A price (direct ownership transfer).
• Nature of transactions: these entries represent a performance-share distribution with tax withholding and a cash payout, not open-market sales. (Transaction codes: F = tax withholding; D = disposition to issuer; transfer of plan-held shares to direct ownership.)
• Footnotes: filings note recalculation of shares needed for federal taxes (F1–F3), that each performance share equals one common share (F4), and transfer of 21,275 shares from indirect (benefit plan) to direct ownership (F5).
• Shares owned after the transaction: not specified in the provided data.
• Filing status: Amended filing (reflecting recalculations); no explicit late-filing flag provided in the supplied data.

Context
This was a routine distribution and tax-settlement of performance-based equity. Tax-withholding (shares withheld or cashed out) and conversion of plan-held shares to direct ownership are administrative and do not necessarily signal insider buying or selling intent in the open market.