Desroches Pascal 4

What Happened Pascal Desroches, Senior Executive Vice President and Chief Financial Officer of AT&T, received 121,297.575 deferred stock units on 2026-03-31 at a per-share value of $28.99, for a total reported value of $3,516,417. The filing reports this as an acquisition/award (code A) rather than an open-market purchase or option exercise.

Key Details

• Transaction date and price: 2026-03-31 at $28.99 per share.
• Shares received: 121,297.575 deferred stock units; total value $3,516,417 (rounded $3.52M).
• Transaction type: A (grant/award/acquisition) — deferred stock units.
• Source/settlement: Footnote F1 says these are deferred stock units purchased via automatic payroll deductions with partial company matching; settled only in stock on a 1-for-1 basis.
• Plan reference: Footnote F2 cites a 401(k) plan statement dated 2/28/2026.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timing: Report filed 2026-04-02 for a 2026-03-31 transaction (filed within the typical two-business-day window).

Context Deferred stock unit awards tied to payroll deferrals and company matching are routine compensation and benefit-plan activity, rather than an open-market purchase or option exercise. Per the filing, these units will be settled in AT&T common stock on a 1-for-1 basis when distributed; they do not indicate an immediate sale of shares.