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AT&T INC.T

Latest proxy: 2026 · view on SEC ↗ · CIK 0000732717

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CEO total pay

$29,906,872

J. STANKEY · 2025

Say on pay

90.7%

Latest disclosed shareholder vote

CEO pay ratio

Item 402(u)

215:1

Median employee: $29,906,872

Compensation committee

CD&A

Not extracted

Per the latest proxy

Filings indexed: 2 · 2026 · 2025

Executive pay

What did they pay them?

From the Summary Compensation Table. Pay mix and YoY are computed from these rows.

Executive	Role	TotalYoY	Pay mix	Salary	Stock	Cash incentive	Other
J. STANKEY2025 compensation	CEO	$29,906,872↑ 13%	89% at-risk	$2,400,000	$19,500,012	—	—
P. DESROCHES Sr. Exec.2025 compensation	Vice Pres. & CFO	$13,680,151↓ 12%	87% at-risk	$1,250,000	$8,500,005	—	—
J. MCELFRESH2025 compensation	Chief Operating Officer	$15,941,739↑ 2%	90% at-risk	$1,250,000	$11,000,018	—	—
D. MCATEE Sr. Exec.2025 compensation	Vice Pres. & General Counsel	$12,368,023↓ 9%	85% at-risk	$1,300,000	$7,000,004	—	—
L. LEE GMO & Sr. Exec.2025 compensation	Vice Pres. -International	$8,877,344↓ 10%	86% at-risk	$875,000	$5,599,999	—	—

Pay mix: base cash incentive equity other

Add to peer comparison →Year-over-year diff →

CD&A excerpt

Compensation discussion & analysis

Opening passage of the loaded filing's CD&A. Use Ask below to query the full text with citations.

SUMMARY OF INCENTIVE COMPENSATION The Committee believes that a well-balanced incentive compensation program for Executive Officers aligns their interests with those of stockholders and motivates them to a high level of performance. The following tables summarize the final results of AT&T’s incentive compensation program. As a result of our above target operating results in 2025, awards generally paid out above target. 2025 Short-Term Award Results Metric Metric Weight Attainment Payout % Compensation Adjusted Operating Income (Adj OI) 60% 104% 118% Free Cash Flow (FCF) 20% 100% 101% Strategic Component 20% N/A 105% Weighted Average Payout 112% See additional details in the section How NEOs Were Paid for Performance in 2025. Long-Term Award – Performance Share Component Results for 2023-2025 Performance Period Metric Metric Weight Attainment Payout% 3-Year Compensation Adjusted Earnings Per Share (Adj EPS) Compound Annual Growth Rate (CAGR) 50% 0.6% 128% 3-Year Average Return on Invested Capital (ROIC) 50% 9.7% 120% 3-Year Relative Total Stockholder Return (TSR) Payout Modifier +20%, 0% or -20% Quartile 3 0% Final Long-Term Payout 124% See additional detail in sections 2023-2025 Lo…

Read the full CD&A on SEC.gov ↗

Peer comparison

Who they benchmark against

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Governance

Policy guardrails

hedging
prohibited
“Executive Officers are prohibited from hedging their AT&T stock or stock-based awards, including through trading in publicly-traded options, puts, calls, or other derivative instruments related to AT&T stock.”
clawback
present
“Clawback Policy and the AT&T Inc”
stock ownership guidelines
present
“STOCK OWNERSHIP GUIDELINES”
change in control
û No “single trigger” change in control provisions
“û No “single trigger” change in control provisions”
compensation consultant
independent
“INDEPENDENT COMPENSATION CONSULTANT”
compensation committee
INDEPENDENT COMPENSATION CONSULTANT The Committee is authorized by its charter to employ an independent compensation consultant and other advisors
“INDEPENDENT COMPENSATION CONSULTANT The Committee is authorized by its charter to employ an independent compensation consultant and other advisors”

Performance markers

Metric facts

revenue
$67.4 billion
“While we continued to grow our high-quality subscriber base, adding over 1.5 million postpaid phone net additions, we saw elevated churn and increased switching between carriers across the industry. As a result, growth c…”
operating income
$24
“2024 in connection with Analyst & Investor Day). The strategic metric results are discussed after the financial results. 2025 Short-Term Incentive Performance Goals and Attainment AT&T INC. 46 2026 PROXY 1. Operating Inc…”
say on pay
90.7%
“votes cast for approval of the “say on pay” proposal at the 2025 Annual Meeting of Stockholders.”
ceo pay ratio
215:1
“CEO PAY RATIO We determined the pay ratio by dividing the total 2025 compensation of the CEO as disclosed in the Summary Compensation Table by the total 2025 compensation of the median employee, using the same components…”
median employee compensation
$29,906,872
“Table for the CEO. The total compensation of our median employee is $139,026. The final pay ratio calculation is 215:1. Determination of CEO Pay Ratio Step 1 Total compensation of the CEO1 $29,906,872 Step 2 Total compen…”

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