McElfresh Jeffery S. 4

What Happened

• Jeffery S. McElfresh, Chief Operating Officer of AT&T, had 3,389.769 shares disposed (withheld) to satisfy a tax liability tied to a benefit-plan distribution. The shares were valued at $28.98 each, totaling $98,236 on March 10, 2026. This was a tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date and price: 2026-03-10, 3,389.769 shares at $28.98 per share (total $98,236).
• Transaction type/code: F — mandatory tax withholding on distribution from a benefit plan.
• Shares owned after transaction: not explicitly stated in the filing.
• Notable footnotes:
  • F1: Mandatory tax withholding on distribution from benefit plan.
  • F2: Separately reflects transfer of 5,770 shares from indirect (benefit plan) to direct ownership due to the distribution.
  • F3: Based on a 401(k) plan statement dated 2/28/2026.
• Filing timeliness: Reported on 2026-03-11 for a 2026-03-10 transaction (filed timely).

Context

• This was a routine tax-withholding action tied to a benefit-plan distribution (likely from a 401(k) or similar plan), not a discretionary open-market sale that would indicate a view on the company's stock. The filing also notes a transfer of 5,770 shares from indirect to direct ownership as part of the distribution.