AT&T Inc. Chief Operating Officer Jeffery S. McElfresh filed a Form 4 on November 3, 2026, disclosing a transaction dated October 30, 2026, involving the acquisition of deferred stock units through the company's benefit plan.

Key Highlights

  • Reporting person: Jeffery S. McElfresh, Chief Operating Officer of AT&T Inc. (NYSE:T)
  • Transaction: Acquisition of 2,969.003 deferred stock units on October 30, 2026, at a price of $21.41 per unit, held indirectly via a benefit plan
  • Deferred stock units settled in stock: According to the filing, these units "are settled only in stock on a 1-for-1 basis" and were purchased through automatic payroll deductions and partial company matching contributions
  • Beneficial ownership following transaction: 186,991.858 shares held indirectly via benefit plan, plus 9,811.6198 shares held indirectly via 401(k) (based on a plan statement dated September 30, 2026), and 724,034 shares held directly
  • Filing signed: By Johnell C. Holland, Attorney-in-fact, on November 3, 2026

McElfresh Benefit Plan Acquisition Details and Ownership Position

According to the Form 4 filing, Jeffery S. McElfresh, serving as Chief Operating Officer of AT&T Inc. (NYSE:T), acquired 2,969.003 deferred stock units on October 30, 2026, at $21.41 per unit. The filing states 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." The acquisition is classified under transaction code "A" and is held indirectly through a benefit plan.

Following the reported transaction, the filing discloses that McElfresh beneficially owns 186,991.858 shares of AT&T common stock indirectly through the benefit plan. Additionally, the filing reports 9,811.6198 shares held indirectly through a 401(k) plan, with that figure based on a plan statement dated September 30, 2026. A separate position of 724,034 shares of common stock is listed as directly owned.

No derivative securities transactions are reported in Table II of the filing. The form was filed by one reporting person and was not indicated as an amendment to a prior filing. McElfresh's address of record is listed as 208 S. Akard St., Dallas, Texas 75202.

What Was Disclosed

The filing disclosed an October 30, 2026, acquisition of 2,969.003 deferred stock units at $21.41 by AT&T COO Jeffery S. McElfresh through automatic payroll deductions and company matching, with resulting indirect and direct beneficial ownership positions reported.