AT&T CFO Pascal Desroches Receives Stock Award

What Happened
Pascal Desroches, Senior Executive Vice President and Chief Financial Officer of AT&T, acquired 3,487.472 deferred stock units on July 31, 2026, at an attributed price of $23.25 per share, a total value of $81,084. The transaction is coded as an award/acquisition (A) and reflects deferred stock units purchased via payroll deductions with a partial company matching contribution.

Key Details

• Transaction date and price: 2026-07-31 — 3,487.472 units at $23.25 each (total $81,084).
• Transaction type: Award/Acquisition (code A).
• Filing date: Form 4 filed 2026-08-04 (appears within the typical 2-business-day reporting window).
• Shares owned after transaction: Not specified on the filing.
• Footnotes:
  • F1 — Units were purchased by the reporting person via automatic payroll deductions with partial company matching; deferred stock units are settled only in stock on a 1-for-1 basis.
  • F2 — Based on a 401(k) plan statement dated 6/30/2026.
• Not an option exercise, sale, or gift; no tax-withholding code noted for this entry.

Context
Deferred stock units are typically part of compensation or retirement deferral plans and are settled in shares later (here, 1-for-1 stock settlement). Such plan-driven awards are routine for executives and reflect participation in company benefit/deferral programs rather than an open-market purchase or sale; they should be interpreted as compensation/deferral activity rather than an explicit buy/sell signal.