Form 4: AT&T Officer's RSU Vesting and Tax-Related Stock Sales

AT&T's Chief Marketing & Growth Officer, Kenny Kellyn Smith, reported the vesting of restricted stock units and subsequent sales to cover tax obligations on January 15, 2026.

Summary

• Kenny Kellyn Smith, AT&T's Chief Marketing & Growth Officer, reported transactions on January 15, 2026, related to his beneficial ownership of common stock.
• Acquired 9,167 shares of AT&T common stock through the vesting of 2023 Restricted Stock Units (RSUs) at a price of $0 per share.
• Acquired 14,067 shares of AT&T common stock through the vesting of 2024 Restricted Stock Units (RSUs) at a price of $0 per share.
• Disposed of 2,560 shares of common stock at $23.61 per share to satisfy mandatory tax withholding related to the RSU distribution.
• Disposed of 3,426 shares of common stock at $23.61 per share to satisfy mandatory tax withholding related to the RSU distribution.
• Following these transactions, direct beneficial ownership stands at 206,703 shares of common stock.
• Indirectly owns 4,936.7745 shares via a 401(k) plan as of November 30, 2025.
• Retains 14,067 Restricted Stock Units (2024) that are yet to vest, with future vesting scheduled for January 15, 2027.

Sentiment

Score: 5

Explanation: The filing reports routine, pre-scheduled insider transactions related to executive compensation (RSU vesting and tax withholding sales). These are neutral events that do not indicate positive or negative sentiment about the company's performance or outlook.

Positives

• The Chief Marketing & Growth Officer received a significant number of shares (23,234 shares total) through the vesting of Restricted Stock Units, indicating continued long-term incentive compensation.
• The officer's direct beneficial ownership of common stock increased by a net of 17,248 shares (23,234 acquired 5,986 disposed for tax) as a result of these transactions, demonstrating continued equity stake in the company.

Negatives

• A portion of the vested shares (5,986 shares) was sold to cover mandatory tax withholding obligations, which is a routine but dilutive event for the officer's immediate share count.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction. It solely reports past insider transactions related to executive compensation.

Industry Context

This filing is a routine disclosure of insider transactions related to executive compensation and does not provide information relevant to broader industry trends or competitive analysis. It reflects standard practices for equity-based incentive plans within large public companies like AT&T.

Stakeholder Impact

• Shareholders: Minor, routine dilution from RSU vesting and subsequent tax sales, which is a standard part of executive compensation plans. The officer's overall equity stake remains substantial.
• Employees: No direct impact beyond the reporting person.

Next Steps

• Remaining 2024 Restricted Stock Units are scheduled to vest and distribute on January 15, 2027.

Key Dates

Keywords

AT&T, T, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Kenny Kellyn Smith, Stock Ownership, Beneficial Ownership