Pascal Desroches, Senior Executive Vice President and CFO of AT&T Inc., filed a Form 4 on November 3, 2026, disclosing the acquisition of 3,878.607 deferred stock units in AT&T common stock on October 30, 2026.

Key Highlights

  • Reporting person: Pascal Desroches, Sr. Exec VP and CFO of AT&T Inc. (NYSE:T)
  • Transaction: Acquisition (Code A) of 3,878.607 deferred stock units on October 30, 2026, at a price of $21.41 per unit
  • Source of acquisition: Deferred stock units purchased with automatic payroll deductions and partial company matching contributions, settleable only in stock on a 1-for-1 basis
  • Post-transaction beneficial ownership via benefit plan: 141,713.979 shares of common stock held indirectly through a benefit plan
  • 401(k) holdings: 8,276.9649 shares held indirectly through a 401(k) plan, based on a plan statement dated September 30, 2026
  • Additional indirect holdings: 352,000 shares held indirectly through an LP
  • Direct holdings: 724,500 shares of common stock held directly

Desroches Benefit Plan Deferred Stock Unit Purchase at AT&T

According to the Form 4 filed with the SEC on November 3, 2026, Pascal Desroches, identified as Senior Executive Vice President and CFO of AT&T Inc. (NYSE:T), reported the acquisition of 3,878.607 deferred stock units of AT&T common stock on October 30, 2026. The filing states the transaction code as "A" (acquired) at a price of $21.41 per unit. The filing notes that these units "represent deferred stock units purchased by the reporting person with automatic payroll deductions and partial company matching contributions" and that they "are settled only in stock on a 1-for-1 basis."

Following this transaction, the filing reports that Desroches holds 141,713.979 shares indirectly through a benefit plan. Separately, the filing discloses 8,276.9649 shares held indirectly through a 401(k) plan, based on a plan statement dated September 30, 2026. The filing also shows 352,000 shares held indirectly through an LP and 724,500 shares held directly, though no transaction codes are associated with those latter three line items in the reported period.

No derivative securities transactions were reported in Table II of the filing. The form was signed by Johnell C. Holland as attorney-in-fact for the reporting person on November 3, 2026.

What Was Disclosed

AT&T CFO Pascal Desroches disclosed the acquisition of 3,878.607 deferred stock units at $21.41 on October 30, 2026, through a company benefit plan using payroll deductions and matching contributions, bringing indirect benefit plan holdings to 141,713.979 shares.