AT&T INC. — Director's Dealing 2021

Jan 28, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2021-01-26

Reporting Person: McElfresh Jeffery S. (CEO, AT&T Communications, LLC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-26	Common Stock	M	3544	—	Acquired	67890	Direct
2021-01-26	Common Stock	F	781	$29.75	Disposed	67109	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-26	Restricted Stock Units (2017)	$	M	3544	Disposed		Common Stock (3544)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3509.8184	Indirect
Common Stock	42224.8401	Indirect

Footnotes

F1: Restricted stock units acquired pursuant to the 2016 Incentive Plan. Each unit will convert into one share of issuer's common stock. Units vest and distribute on 1/26/2021. Vesting (but not distribution) is accelerated on retirement eligibility.

F2: Mandatory tax withholding on distribution of Restricted Stock Units.