Desroches Pascal 4

What Happened
Pascal Desroches, Senior Executive Vice President and CFO of AT&T (T), had 52,252.475 shares disposed of on March 10, 2026 to satisfy tax withholding obligations. The shares are reported at $28.98 each, for a total value of approximately $1,514,277. This transaction is a tax-withholding disposition (code F) tied to a distribution from a benefit plan, not an open-market sale driven by a decision to reduce holdings.

Key Details

• Transaction date and price: March 10, 2026 — 52,252.475 shares at $28.98 per share (total ≈ $1,514,277).
• Transaction code: F — mandatory tax withholding on distribution from a benefit plan.
• Related transfer: Filing notes a transfer of 88,968 shares from indirect (benefit plan) to direct ownership due to a distribution of performance shares.
• Source documentation: Based in part on a 401(k) plan statement dated 2/28/2026.
• Shares owned after transaction: Not specified in the provided filing details.
• Timeliness: Filed March 11, 2026 for a March 10, 2026 transaction — within normal Form 4 timing (no late filing indicated).

Context
This was a routine tax-withholding disposition resulting from a benefits distribution (performance shares being distributed and some withheld for taxes). Such withholdings are administrative and do not necessarily indicate the insider is reducing exposure to the company; they simply satisfy tax obligations related to share distributions.