Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-02

AT&T (T)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$29,906,872
John Stankey total, FY2025
44th
CEO pay percentile vs peers
215:1
CEO-to-median pay ratio
93.06%
Say-on-pay support, latest vote
Companies that benchmark against T
17 companies name T as a compensation peer

Each company listed discloses T in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named T in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
John Stankey$2,400,000$0$19,500,012$0$6,272,000$1,496,923$237,937$29,906,872
Chairman of the Board and Chief Executive Officer
Jeffery McElfresh1,250,000011,000,01803,080,000329,647282,07415,941,739
Chief Operating Officer
Pascal Desroches1,250,00008,500,00503,080,00035,462814,68413,680,151
Senior Executive Vice President and Chief Financial Officer
David McAtee1,300,000300,0007,000,00403,080,000433,980254,03912,368,023
Senior Executive Vice President and General Counsel
Lori Lee875,00005,599,99901,680,000436,916285,4298,877,344
Global Marketing Officer and Senior Executive Vice President-International

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
John Stankey$29,906,872$26,410,845$26,450,157+3,496,027
Jeffery McElfresh15,941,73915,620,60513,829,656+321,134
Pascal Desroches13,680,15115,477,11912,660,041−1,796,968
David McAtee12,368,02313,637,27112,391,563−1,269,248
Lori Lee8,877,3449,889,9037,837,259−1,012,559

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Sanders S. SabrinaSVP-ChiefActngOfcr&Controller2026-03-31A1,588.44$29$46,049CommonForm 4 ↗
Matthew K. RoseDirector2026-03-31A3,550.312692,770Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-03-31216~6,2501 insider, 1 accrual row
Pascal DesrochesSr. Exec VP and CFO2026-03-31A121,297.58293,516,417CommonForm 4 ↗
Lori LeeGlobal Mktg Ofr & SEVP Intl2026-03-31A193.72295,616CommonForm 4 ↗
Jeffery McElfreshChief Operating Officer2026-03-31A13,018.2829377,400CommonForm 4 ↗
John T. StankeyDirector2026-04-30A816.972621,347CommonForm 4 ↗
Cynthia B. TaylorDirector2026-04-30A2,159.242656,421Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-04-30369~9,6452 insiders, 2 accrual rows
Jeffery McElfreshChief Operating Officer2026-04-30A2,236.352658,436CommonForm 4 ↗
Michael B. McCallisterDirector2026-04-30A1,640.162642,857Derivative, Class A CommonForm 4 ↗
Pascal DesrochesSr. Exec VP and CFO2026-04-30A2,866.632674,905CommonForm 4 ↗
Stephen J. LuczoDirector2026-04-30A1,342.042635,067Derivative, Class A CommonForm 4 ↗
Sanders S. SabrinaSVP-ChiefActngOfcr&Controller2026-04-30A144.69263,781CommonForm 4 ↗
Lori LeeGlobal Mktg Ofr & SEVP Intl2026-04-30A304.97267,969CommonForm 4 ↗
Beth E. MooneyDirector2026-04-30A1,962.892651,290Derivative, Class A CommonForm 4 ↗
Luis A. UbinasDirector2026-04-30A667.712617,447Derivative, Class A CommonForm 4 ↗
William E. KennardDirector2026-04-30A1,423.722637,202Derivative, Class A CommonForm 4 ↗
Pascal DesrochesSr. Exec VP and CFO2026-05-29A1,629.72540,417CommonForm 4 ↗
Sanders S. SabrinaSVP-ChiefActngOfcr&Controller2026-05-29A132.1253,276CommonForm 4 ↗
Luis A. UbinasDirector2026-05-29A9,274.1925230,000Derivative, Class A CommonForm 4 ↗
Jeffery McElfreshChief Operating Officer2026-05-29A504.032512,500CommonForm 4 ↗
Matthew K. RoseDirector2026-05-29A9,274.1925230,000Derivative, Class A CommonForm 4 ↗
Lori LeeGlobal Mktg Ofr & SEVP Intl2026-05-29A226.45255,616CommonForm 4 ↗
Beth E. MooneyDirector2026-05-29A9,274.1925230,000Derivative, Class A CommonForm 4 ↗
Stephen J. LuczoDirector2026-05-29A9,274.1925230,000Derivative, Class A CommonForm 4 ↗
Kelly J. GrierDirector2026-05-29A9,274.1925230,000Derivative, Class A CommonForm 4 ↗
Cynthia B. TaylorDirector2026-05-29A9,274.1925230,000Derivative, Class A CommonForm 4 ↗
William E. KennardDirector2026-05-29A9,274.1925230,000Derivative, Class A CommonForm 4 ↗
Michael B. McCallisterDirector2026-05-29A9,274.1925230,000Derivative, Class A CommonForm 4 ↗
Marissa A. MayerDirector2026-05-29A9,274.1925230,000Derivative, Class A CommonForm 4 ↗
Lori LeeGlobal Mktg Ofr & SEVP Intl2026-06-30A417.39218,640CommonForm 4 ↗
Pascal DesrochesSr. Exec VP and CFO2026-06-30A2,003.222141,467CommonForm 4 ↗
Cynthia B. TaylorDirector2026-06-30A8,695.6521180,000Derivative, Class A CommonForm 4 ↗
Matthew K. RoseDirector2026-06-30A7,971.0121165,000Derivative, Class A CommonForm 4 ↗
Sanders S. SabrinaSVP-ChiefActngOfcr&Controller2026-06-30A158.26213,276CommonForm 4 ↗
Jeffery McElfreshChief Operating Officer2026-06-30A603.862112,500CommonForm 4 ↗
Marissa A. MayerDirector2026-06-30A6,763.2921140,000Derivative, Class A CommonForm 4 ↗
Stephen J. LuczoDirector2026-06-30A6,763.2921140,000Derivative, Class A CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 40 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Sanders S. SabrinaSVP-ChiefActngOfcr&Controller2026-03-31A1,588.44$29$46,049CommonForm 4 ↗
Matthew K. RoseDirector2026-03-31A3,550.312692,770Derivative, Class A CommonForm 4 ↗
Matthew K. RoseDirector2026-03-31A215.59296,250Derivative, Class A CommonForm 4 ↗
Pascal DesrochesSr. Exec VP and CFO2026-03-31A121,297.58293,516,417CommonForm 4 ↗
Lori LeeGlobal Mktg Ofr & SEVP Intl2026-03-31A193.72295,616CommonForm 4 ↗
Jeffery McElfreshChief Operating Officer2026-03-31A13,018.2829377,400CommonForm 4 ↗
John T. StankeyDirector2026-04-30A816.972621,347CommonForm 4 ↗
Cynthia B. TaylorDirector2026-04-30A2,159.242656,421Derivative, Class A CommonForm 4 ↗
Marissa A. MayerDirector2026-04-30A309.83268,096Derivative, Class A CommonForm 4 ↗
Jeffery McElfreshChief Operating Officer2026-04-30A2,236.352658,436CommonForm 4 ↗
Michael B. McCallisterDirector2026-04-30A1,640.162642,857Derivative, Class A CommonForm 4 ↗
Pascal DesrochesSr. Exec VP and CFO2026-04-30A2,866.632674,905CommonForm 4 ↗
Stephen J. LuczoDirector2026-04-30A1,342.042635,067Derivative, Class A CommonForm 4 ↗
Sanders S. SabrinaSVP-ChiefActngOfcr&Controller2026-04-30A144.69263,781CommonForm 4 ↗
Lori LeeGlobal Mktg Ofr & SEVP Intl2026-04-30A304.97267,969CommonForm 4 ↗
Beth E. MooneyDirector2026-04-30A1,962.892651,290Derivative, Class A CommonForm 4 ↗
Kelly J. GrierDirector2026-04-30A59.3261,549Derivative, Class A CommonForm 4 ↗
Luis A. UbinasDirector2026-04-30A667.712617,447Derivative, Class A CommonForm 4 ↗
William E. KennardDirector2026-04-30A1,423.722637,202Derivative, Class A CommonForm 4 ↗
Pascal DesrochesSr. Exec VP and CFO2026-05-29A1,629.72540,417CommonForm 4 ↗
Sanders S. SabrinaSVP-ChiefActngOfcr&Controller2026-05-29A132.1253,276CommonForm 4 ↗
Luis A. UbinasDirector2026-05-29A9,274.1925230,000Derivative, Class A CommonForm 4 ↗
Jeffery McElfreshChief Operating Officer2026-05-29A504.032512,500CommonForm 4 ↗
Matthew K. RoseDirector2026-05-29A9,274.1925230,000Derivative, Class A CommonForm 4 ↗
Lori LeeGlobal Mktg Ofr & SEVP Intl2026-05-29A226.45255,616CommonForm 4 ↗
Beth E. MooneyDirector2026-05-29A9,274.1925230,000Derivative, Class A CommonForm 4 ↗
Stephen J. LuczoDirector2026-05-29A9,274.1925230,000Derivative, Class A CommonForm 4 ↗
Kelly J. GrierDirector2026-05-29A9,274.1925230,000Derivative, Class A CommonForm 4 ↗
Cynthia B. TaylorDirector2026-05-29A9,274.1925230,000Derivative, Class A CommonForm 4 ↗
William E. KennardDirector2026-05-29A9,274.1925230,000Derivative, Class A CommonForm 4 ↗
Michael B. McCallisterDirector2026-05-29A9,274.1925230,000Derivative, Class A CommonForm 4 ↗
Marissa A. MayerDirector2026-05-29A9,274.1925230,000Derivative, Class A CommonForm 4 ↗
Lori LeeGlobal Mktg Ofr & SEVP Intl2026-06-30A417.39218,640CommonForm 4 ↗
Pascal DesrochesSr. Exec VP and CFO2026-06-30A2,003.222141,467CommonForm 4 ↗
Cynthia B. TaylorDirector2026-06-30A8,695.6521180,000Derivative, Class A CommonForm 4 ↗
Matthew K. RoseDirector2026-06-30A7,971.0121165,000Derivative, Class A CommonForm 4 ↗
Sanders S. SabrinaSVP-ChiefActngOfcr&Controller2026-06-30A158.26213,276CommonForm 4 ↗
Jeffery McElfreshChief Operating Officer2026-06-30A603.862112,500CommonForm 4 ↗
Marissa A. MayerDirector2026-06-30A6,763.2921140,000Derivative, Class A CommonForm 4 ↗
Stephen J. LuczoDirector2026-06-30A6,763.2921140,000Derivative, Class A CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Lori LeeRSU2025-01-3058,285$1,400,006
David McAteeRSU2025-01-3072,8561,750,001
John StankeyRSU2025-01-30202,9564,875,003
Pascal DesrochesPSU2025-01-3079,621265,404530,8086,375,004
David McAteePSU2025-01-3065,570218,568437,1365,250,003
Jeffery McElfreshRSU2025-01-3093,6722,250,001
Lori LeePSU2025-01-3052,456174,854349,7084,199,993
Pascal DesrochesRSU2025-01-3088,4682,125,001
Jeffery McElfreshRSU2025-09-2369,4692,000,013
Jeffery McElfreshPSU2025-01-3084,305281,016562,0326,750,004
John StankeyPSU2025-01-30182,660608,8681,217,73614,625,009
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Lori Lee$1,400,006$4,199,993$075.0%
David McAtee1,750,0015,250,003075.0%
John Stankey4,875,00314,625,009075.0%
Pascal Desroches2,125,0016,375,004075.0%
Jeffery McElfresh4,250,0146,750,004061.4%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jeffery McElfreshRSU87,912$2,183,734
Jeffery McElfreshPSU785,79819,519,222
Pascal DesrochesRSU87,9122,183,734
Pascal DesrochesPSU742,14218,434,807
John StankeyPSU1,217,73630,248,562
David McAteePSU611,17615,181,612
Jeffery McElfreshPSU562,03213,960,875
Pascal DesrochesPSU530,80813,185,271
Lori LeePSU447,46811,115,105
David McAteePSU437,13610,858,458
Lori LeePSU349,7088,686,747
Lori LeeRSU87,9122,183,734
Jeffery McElfreshRSU69,4691,725,610
David McAteeRSU372,2949,247,783
John StankeyPSU1,440,62835,785,200
David McAteeRSU87,9122,183,734
05

Incentive-plan design — the Compensation Discussion & Analysis

The Committee believes that our programs should align with stockholder interests, be competitive and market-based, reflect our pay for performance philosophy and balance both short- and long-term focus.

CEO STI target (% of salary)233%
CEO LTI target (% of salary)
Independent consultantFrederic W. Cook & Co., Inc. (FW Cook)
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-144,017,538,569299,506,88933,921,49493.06%Passed
20252025-05-153,872,588,704396,253,67048,283,61190.72%Passed
20242024-05-163,502,972,766377,425,91134,824,00690.27%Passed
20232023-05-183,501,384,855290,716,24438,350,17692.33%Passed
20222022-05-193,355,139,344358,803,44942,987,37089.31%Passed
20212021-04-301,806,049,9041,885,149,56483,602,50247.84%Failed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1493.06%a
20252025-05-1590.72%b
20242024-05-1690.27%c

a. Approved under the standard stated in the filing — “Abstentions Except as noted above, shares represented by proxies marked "abstain" with respect to the proposals described on the proxy card and by proxies marked to deny discretionary authority on other matters will not be counted in determining the vote obtained on such matters.”.

b. Approved under the standard stated in the filing — “Abstentions Except as noted above, shares represented by proxies marked "abstain" with respect to the proposals described on the proxy card and by proxies marked to deny discretionary authority on other matters will not be counted in determining the vote obtained on such matters.”.

c. Approved under the standard stated in the filing — “Abstentions Except as noted above, shares represented by proxies marked "abstain" with respect to the proposals described on the proxy card and by proxies marked to deny discretionary authority on other matters will not be counted in determining the vote obtained on such matters.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)215 : 1
CEO total compensation$29,906,872
Median employee compensation$139,026
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Scott T. FordIndependent · Human Resources · Corporate Development and Finance (Chair) · Departed during FY$140,000$220,000$0$250,000$610,000
William E. KennardIndependent · Lead Independent Director · Governance and Policy200,000220,000011,312431,312
Beth E. MooneyIndependent · Human Resources (Chair) · Governance and Policy · Executive170,000220,000010,174400,174
Cynthia B. TaylorIndependent · Audit (Chair) · Executive180,000220,00000400,000
Matthew K. RoseIndependent · Governance and Policy (Chair) · Corporate Development and Finance · Executive167,083220,000011,557398,640
Stephen J. LuczoIndependent · Audit · Corporate Development and Finance (Chair) · Executive171,250220,00000391,250
Marissa A. MayerIndependent · Audit · Corporate Development and Finance140,000220,000010,429370,429
Luis A. UbiñasIndependent · Human Resources · Governance and Policy140,000220,00000360,000
Michael B. McCallisterIndependent · Audit · Human Resources140,000220,00000360,000
Kelly J. GrierIndependent · Human Resources · Corporate Development and Finance · Newly elected105,000154,301011,972271,273
Glenn H. HutchinsIndependent · Governance and Policy (Chair) · Corporate Development and Finance · Departed during FY000262,698262,698
John T. StankeyEmployee director · Board Chair · Executive (Chair)00000
09

Board fee structure and ownership guideline

Annual cash retainer$140,000
Annual equity retainer$220,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)40,000 / 30,000 / 25,000
Stock ownership guidelinewe have executive stock ownership guidelines and stock holding requirements, as described on page 42. Each NEO is in compliance with these policies.
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,553,333
Equity awards (grant-date value)$2,134,301
All other compensation$568,142
Total cost of the board$4,255,776

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies AT&T names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including AT&T.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Intel2025Lip-Bu Tan$746,200$49,639,500$39,523,200$2,374,000$92,990,900
2Netflix2025Ted Sarandos3,000,00041,398,42407,053,95853,905,972
3Cisco2025Charles Robbins1,390,00045,870,69005,117,42452,838,751
4Salesforce2026Marc Benioff1,550,00027,265,36010,743,0973,602,58849,379,252
5Walt Disney2025Robert Iger1,000,00021,000,05714,000,0067,250,00045,842,574
6General Electric2025H. Lawrence Culp Jr.2,000,00027,564,9254,575,0057,520,00045,616,160
7IBM2025Arvind Krishna1,500,00023,988,5866,606,3125,250,00037,989,685
8T-Mobile US2025Srinivasan Gopalan861,53927,114,07803,623,60335,439,421
9Comcast2025Brian Roberts2,600,96223,473,07608,583,17535,148,413
10Verizon2025Daniel Schulman375,00032,774,7950937,50034,311,016
11AT&T2025John Stankey2,400,00019,500,01206,272,00029,906,872
12General Motors2025Mary Barra2,100,00021,623,97004,956,00029,895,868
13Walmart2026Doug McMillon1,500,00021,051,60504,032,00029,240,930
14Boeing2025Robert Ortberg1,500,0007,874,8189,624,9593,930,00023,581,389
15UPS2025Carol Tomé1,509,71317,550,5461,358,7542,264,56922,878,788
16Charter2025Christopher Winfrey1,823,846004,263,1466,466,193
17Oracle2025Safra Catz950,0000001,113,417

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
AT&T112%PSU 75 · RSU 25Yes — Relative Total Stockholder Return (TSR) Payout ModifierFrederic W. Cook & Co., Inc. (FW Cook)
Boeing131%Options 55 · RSU 45not disclosedFW Cook (Frederic W. Cook & Co., Inc.)
Charter94.3%Options 90 · RSU 10not disclosedSemler Brossy Consulting Group, LLC
Cisco142%PSU 60 · RSU 40Yes — Relative TSRExequity
Comcast110%PSU 100Yes — Relative TSR ModifierKorn Ferry
General Electricnot disclosedPSU 50 · Options 30 · RSU 20NoNot explicitly named in provided text
General Motorsnot disclosednot disclosedYes — Relative TSRnot disclosed
IBM150%not disclosedYes — Relative Total Shareholder Return (rTSR)Semler Brossy
Intel118.7%PSU 60 · Options 40Yes — TSR relative to S&P 500 IndexSemler Brossy
Netflix117.57%PSU 50 · RSU 50Yes — Company TSR relative to the TSR of the companies in the S&P 500Compensia
Oraclenot disclosedOptions 100NoCompensia, Inc.
Salesforce103.3%PSU 67 · Options 33Yes — Relative TSRSemler Brossy
T-Mobile US161%PSU 50 · RSU 50Yes — Relative Total Shareholder Return (RTSR)Mercer
UPS75%PSU 93 · Options 7Yes — Relative Total Shareowner Return (RTSR)FW Cook
Verizon100%PSU 60 · RSU 40Yes — relative total shareholder return (TSR) position compared with the companies in the S&P 100Meridian Compensation Partners, LLC
Walmart112%not disclosedNoFarient Advisors LLC
Walt Disney144.4%PSU 60 · Options 40Yes — TSR performance relative to the S&P 500 Media & Entertainment IndexPay Governance LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, John StankeyDEF 14A2026-03-230001193125-26-119888Section “SUMMARY COMPENSATION TABLE”. As printed: 29,906,872. Filing ↗machine: t295 · r3 · c35 · span 1189292–1189302
2Section 01, Jeffery McElfreshDEF 14A2026-03-230001193125-26-119888Section “SUMMARY COMPENSATION TABLE”. As printed: 15,941,739. Filing ↗machine: t295 · r19 · c35 · span 1257615–1257625
3Section 01, Pascal DesrochesDEF 14A2026-03-230001193125-26-119888Section “SUMMARY COMPENSATION TABLE”. As printed: 13,680,151. Filing ↗machine: t295 · r7 · c35 · span 1206339–1206349
4Section 01, David McAteeDEF 14A2026-03-230001193125-26-119888Section “SUMMARY COMPENSATION TABLE”. As printed: 12,368,023. Filing ↗machine: t295 · r15 · c35 · span 1240582–1240592
5Section 01, Lori LeeDEF 14A2026-03-230001193125-26-119888Section “SUMMARY COMPENSATION TABLE”. As printed: 8,877,344. Filing ↗machine: t295 · r11 · c35 · span 1223389–1223398
6Section 03, Lori Lee RSUDEF 14A2026-03-230001193125-26-119888Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t317 · r19 · c5 · span 1672997–1673006
7Section 03, David McAtee RSUDEF 14A2026-03-230001193125-26-119888Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t317 · r21 · c5 · span 1676839–1676848
8Section 03, John Stankey RSUDEF 14A2026-03-230001193125-26-119888Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t300 · r8 · c43 · span 1351748–1351757
9Section 03, Pascal Desroches PSUDEF 14A2026-03-230001193125-26-119888Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t300 · r12 · c23 · span 1361253–1361260
10Section 03, David McAtee PSUDEF 14A2026-03-230001193125-26-119888Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t300 · r24 · c23 · span 1395908–1395915
11Section 03, Jeffery McElfresh RSUDEF 14A2026-03-230001193125-26-119888Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t300 · r32 · c43 · span 1421067–1421076
12Section 03, Lori Lee PSUDEF 14A2026-03-230001193125-26-119888Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t300 · r18 · c23 · span 1378554–1378561
13Section 03, Pascal Desroches RSUDEF 14A2026-03-230001193125-26-119888Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t300 · r14 · c43 · span 1369155–1369164
14Section 03, Jeffery McElfresh RSUDEF 14A2026-03-230001193125-26-119888Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t300 · r34 · c43 · span 1428279–1428288
15Section 03, Jeffery McElfresh PSUDEF 14A2026-03-230001193125-26-119888Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t300 · r30 · c23 · span 1413215–1413222
16Section 03, John Stankey PSUDEF 14A2026-03-230001193125-26-119888Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t300 · r6 · c23 · span 1343892–1343899
17Section 07, pay ratioDEF 14A2026-03-230001193125-26-119888Section “CEO Pay Ratio”. As printed: 215 : 1. Filing ↗machine: t325 · r5 · c5 · span 1734243–1734251
18Section 08, Scott T. FordDEF 14A2026-03-230001193125-26-119888Section “Director Compensation”. As printed: 610,000. Filing ↗machine: t167 · r3 · c15 · span 690122–690129
19Section 08, William E. KennardDEF 14A2026-03-230001193125-26-119888Section “Director Compensation”. As printed: 431,312. Filing ↗machine: t167 · r9 · c15 · span 699433–699440
20Section 08, Beth E. MooneyDEF 14A2026-03-230001193125-26-119888Section “Director Compensation”. As printed: 400,174. Filing ↗machine: t167 · r17 · c15 · span 711795–711802
21Section 08, Cynthia B. TaylorDEF 14A2026-03-230001193125-26-119888Section “Director Compensation”. As printed: 400,000. Filing ↗machine: t167 · r21 · c15 · span 717974–717981
22Section 08, Matthew K. RoseDEF 14A2026-03-230001193125-26-119888Section “Director Compensation”. As printed: 398,640. Filing ↗machine: t167 · r19 · c15 · span 714937–714944
23Section 08, Stephen J. LuczoDEF 14A2026-03-230001193125-26-119888Section “Director Compensation”. As printed: 391,250. Filing ↗machine: t167 · r11 · c15 · span 702571–702578
24Section 08, Marissa A. MayerDEF 14A2026-03-230001193125-26-119888Section “Director Compensation”. As printed: 370,429. Filing ↗machine: t167 · r13 · c15 · span 705612–705619
25Section 08, Luis A. UbiñasDEF 14A2026-03-230001193125-26-119888Section “Director Compensation”. As printed: 360,000. Filing ↗machine: t167 · r23 · c15 · span 721527–721534
26Section 08, Michael B. McCallisterDEF 14A2026-03-230001193125-26-119888Section “Director Compensation”. As printed: 360,000. Filing ↗machine: t167 · r15 · c15 · span 708756–708763
27Section 08, Kelly J. GrierDEF 14A2026-03-230001193125-26-119888Section “Director Compensation”. As printed: 271,273. Filing ↗machine: t167 · r5 · c15 · span 693257–693264
28Section 08, Glenn H. HutchinsDEF 14A2026-03-230001193125-26-119888Section “Director Compensation”. As printed: 262,698. Filing ↗machine: t167 · r7 · c11 · span 695731–695738
29Section 08, John T. StankeyDEF 14A2026-03-230001193125-26-119888Section “Director Compensation”. As printed: 0. Filing ↗
30Section 02, Sanders S. Sabrina 2026-03-31Form 42026-04-020000732717-26-000195Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Matthew K. Rose 2026-03-31Form 42026-05-040000732717-26-000231Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Matthew K. Rose 2026-03-31Form 42026-05-040000732717-26-000231Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Pascal Desroches 2026-03-31Form 42026-04-020000732717-26-000192Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Lori Lee 2026-03-31Form 42026-04-020000732717-26-000193Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Jeffery McElfresh 2026-03-31Form 42026-04-020000732717-26-000194Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, John T. Stankey 2026-04-30Form 42026-05-040000732717-26-000236Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Cynthia B. Taylor 2026-04-30Form 42026-05-040000732717-26-000233Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Marissa A. Mayer 2026-04-30Form 42026-05-040000732717-26-000226Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Jeffery McElfresh 2026-04-30Form 42026-05-040000732717-26-000232Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Michael B. McCallister 2026-04-30Form 42026-05-040000732717-26-000228Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Pascal Desroches 2026-04-30Form 42026-05-040000732717-26-000227Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Stephen J. Luczo 2026-04-30Form 42026-05-040000732717-26-000225Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Sanders S. Sabrina 2026-04-30Form 42026-05-040000732717-26-000234Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Lori Lee 2026-04-30Form 42026-05-040000732717-26-000230Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Beth E. Mooney 2026-04-30Form 42026-05-040000732717-26-000229Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Kelly J. Grier 2026-04-30Form 42026-05-040000732717-26-000223Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Luis A. Ubinas 2026-04-30Form 42026-05-040000732717-26-000235Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, William E. Kennard 2026-04-30Form 42026-05-040000732717-26-000224Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Pascal Desroches 2026-05-29Form 42026-06-020000732717-26-000256Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Sanders S. Sabrina 2026-05-29Form 42026-06-020000732717-26-000261Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Luis A. Ubinas 2026-05-29Form 42026-06-020000732717-26-000262Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Jeffery McElfresh 2026-05-29Form 42026-06-020000732717-26-000259Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Matthew K. Rose 2026-05-29Form 42026-06-020000732717-26-000258Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Lori Lee 2026-05-29Form 42026-06-020000732717-26-000257Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Beth E. Mooney 2026-05-29Form 42026-06-020000732717-26-000255Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Stephen J. Luczo 2026-05-29Form 42026-06-020000732717-26-000252Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Kelly J. Grier 2026-05-29Form 42026-06-020000732717-26-000250Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Cynthia B. Taylor 2026-05-29Form 42026-06-020000732717-26-000260Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, William E. Kennard 2026-05-29Form 42026-06-020000732717-26-000251Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Michael B. McCallister 2026-05-29Form 42026-06-020000732717-26-000254Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Marissa A. Mayer 2026-05-29Form 42026-06-020000732717-26-000253Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Lori Lee 2026-06-30Form 42026-07-020000732717-26-000284Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Pascal Desroches 2026-06-30Form 42026-07-020000732717-26-000282Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Cynthia B. Taylor 2026-06-30Form 42026-07-020000732717-26-000289Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Matthew K. Rose 2026-06-30Form 42026-07-020000732717-26-000287Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Sanders S. Sabrina 2026-06-30Form 42026-07-020000732717-26-000288Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Jeffery McElfresh 2026-06-30Form 42026-07-020000732717-26-000286Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Marissa A. Mayer 2026-06-30Form 42026-07-020000732717-26-000285Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Stephen J. Luczo 2026-06-30Form 42026-07-020000732717-26-000283Insider equity transaction reported since the proxy statement. Filing ↗
70Section 06, 2026 voteForm 8-K2026-05-200001193125-26-232817Item 5.07 · say-on-pay result. As reported: 93.06% (votes for as printed: 4,017,538,569). Filing ↗
71Section 06, 2025 voteForm 8-K2025-05-190001193125-25-122439Item 5.07 · say-on-pay result. As reported: 90.72% (votes for as printed: 3,872,588,704). Filing ↗
72Section 06, 2024 voteForm 8-K2024-05-210001193125-24-143912Item 5.07 · say-on-pay result. As reported: 90.27% (votes for as printed: 3,502,972,766). Filing ↗
73Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
74Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
75Section 09b board cost (computed)ComputedcomputedCash 1,553,333 + equity 2,134,301 + all other 568,142 = 4,255,776, summed across the director compensation table rows.machine: formula: Σ = 4,255,776
76Intel, Section 10b CEO totalDEF 14A2026-03-230000050863-26-000061CEO total compensation as printed in Intel's own proxy. As printed: 92,990,900. Filing ↗machine: r2 · c24 · span 1612980–1612990
77Netflix, Section 10b CEO totalDEF 14A2026-04-160001193125-26-159286CEO total compensation as printed in Netflix's own proxy. As printed: 53,905,972. Filing ↗machine: r3 · c30 · span 622677–622687
78Cisco, Section 10b CEO totalDEF 14A2025-10-280000858877-25-000150CEO total compensation as printed in Cisco's own proxy. As printed: 52,838,751. Filing ↗machine: r2 · c33 · span 1073719–1073729
79Salesforce, Section 10b CEO totalDEF 14A2026-04-160001108524-26-000085CEO total compensation as printed in Salesforce's own proxy. As printed: 49,379,252. Filing ↗machine: r4 · c24 · span 1710833–1710843
80Walt Disney, Section 10b CEO totalDEF 14A2026-01-220001744489-26-000013CEO total compensation as printed in Walt Disney's own proxy. As printed: 45,842,574. Filing ↗machine: r3 · c27 · span 1324221–1324231
81General Electric, Section 10b CEO totalDEF 14A2026-03-120000040545-26-000018CEO total compensation as printed in General Electric's own proxy. As printed: 45,616,160. Filing ↗machine: t152 · span 1179360–1179370
82IBM, Section 10b CEO totalDEF 14A2026-03-100000051143-26-000025CEO total compensation as printed in IBM's own proxy. As printed: 37,989,685. Filing ↗machine: r11 · c51 · span 1119293–1119303
83T-Mobile US, Section 10b CEO totalDEF 14A2026-04-270001193125-26-181884CEO total compensation as printed in T-Mobile US's own proxy. As printed: 35,439,421. Filing ↗machine: r3 · c39 · span 1020453–1020463
84Comcast, Section 10b CEO totalDEF 14A2026-04-240001193125-26-177138CEO total compensation as printed in Comcast's own proxy. As printed: 35,148,413. Filing ↗machine: r4 · c25 · span 1522252–1522262
85Verizon, Section 10b CEO totalDEF 14A2026-04-060001308179-26-000210CEO total compensation as printed in Verizon's own proxy. As printed: 34,311,016. Filing ↗machine: t26 · r1 · c16 · span 239072–239082
86AT&T (subject), Section 10b CEO totalDEF 14A2026-03-230001193125-26-119888CEO total compensation as printed in AT&T's own proxy. As printed: 29,906,872. Filing ↗machine: t295 · r3 · c35 · span 1189292–1189302
87General Motors, Section 10b CEO totalDEF 14A2026-04-200001467858-26-000022CEO total compensation as printed in General Motors's own proxy. As printed: 29,895,868. Filing ↗machine: r2 · c8 · span 2619809–2619819
88Walmart, Section 10b CEO totalDEF 14A2026-04-230001193125-26-173673CEO total compensation as printed in Walmart's own proxy. As printed: 29,240,930. Filing ↗machine: r4 · c16 · span 3840466–3840476
89Boeing, Section 10b CEO totalDEF 14A2026-03-060001193125-26-096787CEO total compensation as printed in Boeing's own proxy. As printed: 23,581,389. Filing ↗machine: r2 · c44 · span 1170571–1170581
90UPS, Section 10b CEO totalDEF 14A2026-03-190001628280-26-019856CEO total compensation as printed in UPS's own proxy. As printed: 22,878,788. Filing ↗machine: r2 · c27 · span 899122–899132
91Charter, Section 10b CEO totalDEF 14A2026-03-120001140361-26-009220CEO total compensation as printed in Charter's own proxy. As printed: 6,466,193. Filing ↗machine: r2 · c28 · span 716263–716272
92Oracle, Section 10b CEO totalDEF 14A2025-09-260001193125-25-220801CEO total compensation as printed in Oracle's own proxy. As printed: 1,113,417. Filing ↗machine: r5 · c28 · span 1109060–1109069
93Section 10a, General Motors reciprocityDEF 14A0001467858-26-000022General Motors's most recent proxy was read; its disclosed peer group does not include AT&T. Filing ↗
94Section 10a, Walmart reciprocityDEF 14A0001193125-26-173673Walmart's most recent proxy was read; its disclosed peer group does not include AT&T. Filing ↗
95Section 10a, Boeing reciprocityDEF 14A0001193125-26-096787Boeing names AT&T in its own disclosed peer group (read from its most recent proxy). Filing ↗
96Section 10a, Cisco reciprocityDEF 14A0000858877-25-000150Cisco's most recent proxy was read; its disclosed peer group does not include AT&T. Filing ↗
97Section 10a, IBM reciprocityDEF 14A0000051143-26-000025IBM's most recent proxy was read; its disclosed peer group does not include AT&T. Filing ↗
98Section 10a, General Electric reciprocityDEF 14A0000040545-26-000018General Electric's most recent proxy was read; its disclosed peer group does not include AT&T. Filing ↗
99Section 10a, Salesforce reciprocityDEF 14A0001108524-26-000085Salesforce's most recent proxy was read; its disclosed peer group does not include AT&T. Filing ↗
100Section 10a, Verizon reciprocityDEF 14A0001308179-26-000210Verizon's most recent proxy was read; its disclosed peer group does not include AT&T. Filing ↗
101Section 10a, Comcast reciprocityDEF 14A0001193125-26-177138Comcast names AT&T in its own disclosed peer group (read from its most recent proxy). Filing ↗
102Section 10a, Charter reciprocityDEF 14A0001140361-26-009220Charter names AT&T in its own disclosed peer group (read from its most recent proxy). Filing ↗
103Section 10a, Walt Disney reciprocityDEF 14A0001744489-26-000013Walt Disney names AT&T in its own disclosed peer group (read from its most recent proxy). Filing ↗
104Section 10a, UPS reciprocityDEF 14A0001628280-26-019856UPS names AT&T in its own disclosed peer group (read from its most recent proxy). Filing ↗
105Section 10a, Netflix reciprocityDEF 14A0001193125-26-159286Netflix names AT&T in its own disclosed peer group (read from its most recent proxy). Filing ↗
106Section 10a, Oracle reciprocityDEF 14A0001193125-25-220801Oracle's most recent proxy was read; its disclosed peer group does not include AT&T. Filing ↗
107Section 10a, T-Mobile US reciprocityDEF 14A0001193125-26-181884T-Mobile US names AT&T in its own disclosed peer group (read from its most recent proxy). Filing ↗
108Section 10a, Intel reciprocityDEF 14A0000050863-26-000061Intel's most recent proxy was read; its disclosed peer group does not include AT&T. Filing ↗