Desroches Pascal 4

What Happened

Pascal Desroches, Senior Executive Vice President and Chief Financial Officer of AT&T (T), acquired 1,629.704 deferred stock units on May 29, 2026 at an effective price of $24.80 per share, a total value of $40,417. The units were acquired as part of payroll-deduction contributions with a partial company matching component, not as an open-market purchase or sale.

This transaction is an acquisition (purchase) through an employee retirement/deferral plan, which is typically routine participation in company benefit programs rather than a direct market-timing trade.

Key Details

• Transaction date: 2026-05-29; Form 4 filed: 2026-06-02. (Form 4s are normally due within two business days of the transaction—check the filing for any late-filing flags.)
• Transaction type/code: A — Award/Acquisition (deferred stock units purchased via payroll deductions and company match).
• Shares acquired: 1,629.704 units at $24.80 per unit; total value reported $40,417.
• Shares owned after transaction: not provided in the summary data supplied (see the Form 4 for total beneficial ownership).
• Footnotes:
  • F1: These are deferred stock units purchased by the reporting person with automatic payroll deductions and partial company matching; they settle only in stock on a 1-for-1 basis.
  • F2: Based on a 401(k) plan statement dated 4/30/2026.

Context

Deferred stock units in this case are retirement/deferral-plan holdings that convert to common stock 1-for-1 when settled, per the filing. This is not an option exercise or an immediate sale; it reflects participation in AT&T's employee savings/matching program. For a full view of the insider's total holdings or any subsequent trades, review the complete Form 4 filing.