AT&T INC. — Director's Dealing 2020

Dec 8, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2020-12-04

Reporting Person: STEPHENSON RANDALL L (Director, Exec Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-04	Common Stock	M	5231	—	Acquired	1415868	Direct
2020-12-04	Common Stock	F	5231	$28.75	Disposed	1410637	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-04	Restricted Stock Units (2020)	$	M	5231	Disposed	2024-01-15	Common Stock (5231)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7857.2947	Indirect
Common Stock	426451.5888	Indirect
Common Stock	1011143	Indirect

Footnotes

F1: Restricted stock units acquired pursuant to the 2018 Incentive Plan. Each unit will convert into one share of issuer's common stock. Units vest and distribute on 1/15/2024. Vesting (but not distribution) is accelerated on retirement eligibility.

F2: Mandatory tax withholding on vested Restricted Stock Units.