Form 4: AT&T CFO Shifts 352,000 Shares to Family LP

AT&T's Senior Executive VP and CFO, Pascal Desroches, reported a reclassification of 352,000 common shares from direct to indirect ownership via a limited partnership.

Summary

• Pascal Desroches, AT&T's Senior Executive VP and CFO, reported a change in the form of beneficial ownership of AT&T common stock.
• On February 25, 2026, Desroches disposed of 352,000 shares of common stock previously held directly.
• Concurrently, 352,000 shares of common stock were acquired indirectly through a limited partnership (LP) at a price of $0.
• Desroches and his wife are the sole limited partners, and the sole members and managers of the general partner, of this limited partnership.
• Following this transaction, Desroches directly owns 635,532 shares of AT&T common stock.
• Indirect beneficial ownership includes 352,000 shares through the LP, 7,080.6921 shares through a 401(k) plan, and 142,762.5071 shares through a benefit plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction represents a reclassification of beneficial ownership from direct to indirect via a limited partnership, rather than a sale or purchase, and does not alter the executive's overall economic interest in the company.

Future Outlook

Not applicable; this filing pertains to an insider transaction and does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider transaction reports like Form 4 provide transparency into how executives manage their personal holdings in the company. While this specific transaction is a reclassification of ownership rather than a sale or purchase, it offers insight into the executive's personal financial planning and asset management strategies.

Related Party Transactions

• Pascal Desroches transferred 352,000 shares of AT&T common stock from his direct ownership to a limited partnership.
• Desroches and his wife are the sole limited partners and the sole members and managers of the general partner of this limited partnership, indicating a transfer within his controlled entities.

Stakeholder Impact

• Shareholders: Minimal direct impact as the overall beneficial ownership by the CFO remains unchanged, only the form of ownership has shifted.

Key Dates

Keywords

AT&T, T, Form 4, insider transaction, Pascal Desroches, CFO, stock ownership, beneficial ownership