STANKEY JOHN T 4/A
Research Summary
AI-generated summary
AT&T CEO John Stankey Surrenders ~609K Shares (Tax Withholding)
What Happened
- John T. Stankey, CEO & President (and Director) of AT&T, reported dispositions tied to a performance-share distribution on 2026-01-29. A total of 609,036.411 shares were involved at $25.13 per share: 301,913.497 shares (value $7,587,086) were withheld to satisfy federal taxes, and 307,122.914 shares (value $7,717,999) were disposed/treated in connection with the distribution. The Form 4 is an amended filing dated 2026-02-19.
Key Details
- Transaction date: 2026-01-29; price reported: $25.13 per share.
- Shares involved: 301,913.497 (withheld for taxes) + 307,122.914 (distributed/cashed) = 609,036.411 total.
- Dollar amounts: ~$7.59M (tax withholding) and ~$7.72M (distribution), total ~$15.31M.
- Footnotes:
- F1: Revised to reflect shares withheld after re‑calculation of federal taxes on the performance share distribution.
- F2: Revised to reflect shares distributed in cash after taxes (performance shares distributed in cash, after taxes).
- F3: Transfer of 158,214 shares from indirect (benefit plan) to direct ownership due to the distribution.
- Shares owned after the transaction are not specified in the provided data.
- This is an amended Form 4 filed Feb 19, 2026 for transactions dated Jan 29, 2026.
Context
- These entries reflect tax withholding and distribution from a performance-share award rather than an open-market sale or purchase. Such withholdings are routine administrative actions to satisfy tax obligations and do not necessarily indicate a change in insider sentiment.