Gillespie Edward W

Gillespie Edward W, serving as Senior EVP of External and Legal Affairs, has filed 39 Form 4 transactions, all involving a single issuer: AT&T (T). The aggregate pattern is decisively one-sided: zero open-market purchases and roughly $3.24 million in total sales value, with only about $10,257 in acquired value (a single grant award in January 2024). The recent activity confirms this direction, as every transaction in the last two years falls into non-discretionary or issuer-driven categories—tax withholding (Code F), option exercises (Code M), compensation grants (Code A), and sales back to the company (Code D). No open-market buys or sells (Codes P or S) appear in the recent window. The largest dollar movements cluster around annual equity vesting events. On January 29, 2026, Gillespie saw a combined $3.22 million in transactions: $1.75 million withheld for taxes (F), $1.47 million in shares returned to the issuer (D), and two zero-value grants (A). A similar pattern occurred on January 30, 2025, with $1.64 million in tax withholding and $1.32 million in issuer sales. Smaller monthly tax-withholding events (F) recurred on January 15, 2025, and January 15, 2026, each paired with zero-value option exercises (M), plus a $645,274 withholding on December 15, 2025. The February 13, 2026 filing shows a $153,072 tax withholding alongside a zero-value exercise. The data describes a senior executive whose holdings are managed through automatic, compensation-driven mechanics rather than market-timed decisions. The absence of any open-market sales or purchases suggests no discretionary trading bias; the recurring F and M codes reflect routine equity vesting and tax obligations, while the D codes indicate shares returned to AT&T rather than sold on the open market. The only non-zero acquisition value—$10,257 in January 2024—was a grant, not a purchase. In sum, Gillespie’s Form 4 history is a textbook example of scheduled corporate compensation cycles, with no evidence of conviction-based buying or selling.