McAtee David R II, Senior Executive Vice President and General Counsel, has filed 62 Form 4 transactions across two companies, with a pronounced sell-side bias. His open-market activity totals roughly $10.7 million in sales versus just $486,720 in purchases, a ratio of about 22-to-1. The bulk of the selling occurred in AT&T (T), where he disposed of shares through multiple codes: "D" sales back to the issuer totaling $6.54 million on January 29, 2026, alongside "F" tax-withholding events worth $6.44 million on the same date. Additional "F" transactions in T on February 13, 2026 ($249,149) and January 15, 2026 ($381,018) further reduced his stake, though these are automatic withholdings tied to equity vesting rather than discretionary trades.
The only open-market purchase in the recent window was a $486,720 buy of Archer-Daniels-Midland (ADM) on February 5, 2026, a notable counterweight to the T sales. That purchase stands alone against a stream of zero-value "A" grants in ADM throughout late 2025 and 2026, indicating the buy was a deliberate cash commitment rather than compensation-driven. The pattern suggests McAtee is trimming his T position—largely through issuer buybacks and tax obligations—while selectively adding ADM exposure. His total acquired value of $39,356 is negligible, confirming that most inflows are compensatory grants, not conviction purchases. The recent trajectory shows no open-market sells in the last several months, with activity dominated by automatic "F" and "M" codes, leaving the February ADM purchase as the sole discretionary signal in an otherwise distribution-heavy record.
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