Lee Lori M 4

What Happened

• Lori M. Lee, AT&T Global Marketing Officer & Senior EVP, International, had 1,230.676 shares withheld on 2026-03-10 to cover tax withholding related to a benefit-plan distribution, resulting in proceeds of $35,665 (1,230.676 shares × $28.98). On the same day she received a distribution of 2,094 shares from a benefit plan (moved from indirect to direct ownership).

Key Details

• Transaction date: 2026-03-10; filing date: 2026-03-11 (timely).
• Withholding sale: 1,230.676 shares at $28.98 per share — proceeds $35,665 (code F: tax withholding).
• Distribution/transfer: 2,094 shares moved to direct ownership (code G: gift / transfer); reported as both disposed and acquired to reflect change in ownership status.
• Footnotes: F1 = mandatory tax withholding on benefit-plan distribution; F2 = transfer of 2,094 shares from indirect to direct ownership due to distribution; F3 = based on 401(k) statement dated 2/28/2026.
• Shares owned after the transaction are not specified in the provided filing.

Context

• This was not an open-market sale signaling a trading decision: the withheld shares were used to satisfy tax obligations on a benefit-plan distribution. The receipt/transfer of 2,094 shares reflects a plan distribution and does not necessarily indicate insider sentiment.