Desroches Pascal 4

What Happened Pascal Desroches, Senior Executive Vice President and Chief Financial Officer of AT&T, acquired 2,003.221 deferred stock units on June 30, 2026. The units were recorded at $20.70 per share, for a total value of $41,467. This transaction is coded as an award/other acquisition (A) and reflects payroll deferrals plus a partial company match rather than an open-market buy or option exercise.

Key Details

• Transaction date and terms: 2026-06-30 — 2,003.221 shares at $20.70 each (total $41,467). Code: A (award/acquisition).
• How acquired: Deferred stock units purchased via automatic payroll deductions with partial company matching (see footnote F1).
• Settlement: Deferred stock units are settled only in stock on a 1-for-1 basis (F1).
• Plan reference: Based on a 401(k) plan statement dated 5/29/2026 (F2).
• Filing: Form 4 filed 2026-07-02 (two days after the transaction date); appears to be filed within the typical two-business-day window.
• Shares owned after transaction: Not specified in the provided filing data.

Context Deferred stock units acquired through a 401(k) contribution and employer matching are common compensation/retirement plan transactions and are generally routine. These acquisitions result in additional company stock holdings for the insider but do not necessarily indicate a discretionary open-market purchase or direct signal of near-term sentiment.