Desroches Pascal, Senior Executive VP and CFO, has demonstrated a clear selling bias in their trading activity involving AT&T (T) shares, according to SEC Form 4 filings. Over 65 reported transactions, Pascal has sold a total of $31.5 million worth of T stock while purchasing just $1.2 million, a ratio of more than 26-to-1 in dollar terms. The most significant disposals occurred on January 29, 2026, when two separate filings showed sales totaling $6.9 million at prices between $345,2285.78 and $3,505,809.14 per transaction. Earlier that month, on January 15, 2026, Pascal executed smaller sales of $303,388.50 and $156,274.59.
The pattern shows consistent divestment with no recent purchases, as all coded transactions since November 2025 have been sales, gifts, or awards. While some activity reflects routine equity compensation (coded "A"), such as the $40,416.64 and $79,194.80 awards in late January and February 2026, the overwhelming majority represent discretionary sales. Two notable transactions on March 10, 2026, each valued at $1.51 million, further reinforce the sustained selling trend. Pascal's trading history suggests a long-term reduction in exposure to AT&T, with no offsetting buys to balance the dispositions over the reported period.
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