AT&T CFO Pascal Desroches Acquires Benefit Plan Shares

Executive Summary

On September 30, 2026, Pascal Desroches, Senior Executive Vice President and Chief Financial Officer of AT&T INC. ($T), acquired 1,835.724 shares of Common Stock (held as deferred stock units) at an effective price of $24.40 per share, totaling approximately $44,791.67.

Transaction Analysis

• Transaction Nature: The filing notes that the acquired shares reflect deferred stock units bought via automatic payroll deductions along with partial company matching contributions. These settle 1-for-1 into common stock.
• Transaction Code: 'A' indicates an award or acquisition under an employee benefit plan.
• Significance: This is a routine, scheduled acquisition associated with internal compensation and benefit arrangements rather than an open-market discretionary purchase. As such, the transaction carries low informational signaling regarding corporate outlook.

Insider Ownership Context

Following this transaction, Pascal Desroches holds significant equity across multiple ownership structures:

• Indirect (Benefit Plan): 137,835.372 shares
• Direct: 724,500 shares
• Indirect (401(k)): 8,274.7789 shares
• Indirect (LP): 352,000 shares

Total beneficial ownership exceeds 1.22 million shares, reflecting substantial alignment with shareholders.