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AT&T INC. — Director's Dealing 2025
Dec 2, 2025
29786_dirs_2025-12-02_2673e14f-e748-4808-a74b-721302001040.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2025-11-28
Reporting Person: McElfresh Jeffery S. (Chief Operating Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-11-28 | Common Stock | A | 672.558 | $26.02 | Acquired | 170046.529 | Indirect |
| 2025-11-28 | Common Stock | M | 3494 | — | Acquired | 560955 | Direct |
| 2025-11-28 | Common Stock | F | 3494 | $26.02 | Disposed | 557461 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-11-28 | Restricted Stock Units (2025) | $ | M | 3494 | Disposed | Common Stock (3494) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 8852.6759 | Indirect |
Footnotes
F1: Represents deferred stock units purchased by the reporting person with automatic payroll deductions and partial company matching contributions. Deferred stock units are settled only in stock on a 1-for-1 basis.
F2: Restricted stock units acquired pursuant to the 2018 Incentive Plan. Each unit will convert into one share of issuer's common stock. One-third of the units vests and distributes on each of 2/15/2026, 2/15/2027, and 2/15/2028. Vesting (but not distribution) is accelerated on retirement eligibility.
F3: Mandatory tax withholding on vested restricted stock units.
F4: Based on a 401(k) plan statement dated 10/31/2025.