McElfresh Jeffery S. 4

What Happened Jeffery S. McElfresh, Chief Operating Officer of AT&T Inc., acquired 278.47 deferred stock units on February 28, 2026. The units were valued at $28.01 each for a total acquisition value of about $7,800. The transaction is coded as an acquisition/award (A) and reflects contributions to a company retirement/deferral plan rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-02-28 at $28.01 per share (278.47 units; total ≈ $7,800).
• Transaction type: Award/Acquisition of deferred stock units (code A).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: F1 — units are deferred stock units purchased via automatic payroll deductions with partial company matching and are settled only in stock on a 1-for-1 basis. F2 — based on a 401(k) plan statement dated 1/31/2026.
• Filing timeliness: Report filed 2026-03-03; appears timely (filed within required business days).

Context This was a deferral/retirement-plan transaction (payroll deductions plus company match), common for executives and typically reflects plan participation rather than a market-timed investment decision. Deferred stock units are converted to shares on a one-for-one basis when settled, rather than representing option exercises or immediate sales.