Desroches Pascal, serving as Senior Executive VP and CFO, has filed 70 Form 4 transactions across a single company, with a pronounced dispositional bias. Over the reporting window, his open-market sales totaled $11.6 million, while he recorded zero open-market purchases. The bulk of his activity centered on AT&T (T), where recent filings show a steady cadence of compensation awards (code A) and automatic share withholdings for tax obligations (code F), alongside option exercises (code M) and sales back to the issuer (code D).
The most concentrated activity occurred in late January 2026, when Pascal executed multiple same-day transactions in T. On January 29, he reported two sales back to the issuer (code D) valued at approximately $3.51 million each, paired with two tax-withholding events (code F) of roughly $3.45 million each, and two zero-value awards (code A). That cluster alone accounted for over $7 million in issuer-directed dispositions, reflecting the vesting and settlement of equity compensation rather than discretionary market timing. A separate January 15 filing showed option exercises (code M) with no cash value, accompanied by tax-withholding sales of $303,388 and $156,274.
More recently, Pascal’s filings have shifted to routine monthly compensation accruals. Between February and June 2026, he received recurring awards in T ranging from roughly $40,000 to $79,000, with a notable $3.52 million award on March 31. He also received a $30,575 award in HONA on June 29, marking his only disclosed activity outside T. A February 25 gift (code G) of zero value and a March 10 pair of tax-withholding events at $1.51 million each round out the pattern. Across all 70 trades, Pascal has never executed an open-market purchase, and his recent filings contain no discretionary buys or sells—only compensation-driven events.
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