AT&T (NYSE: T) executive gains deferred stock units in benefit plan award

Rhea-AI Filing Summary

AT&T executive Lori M. Lee reported an automatic stock award linked to a company benefit plan. On February 28, 2026, an account associated with her acquired 200.5 shares of AT&T common stock at $28.01 per share through deferred stock units funded by payroll deductions and partial company matching contributions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lee Lori M

(Last) (First) (Middle)

208 S. AKARD ST.

(Street)

DALLAS TX 75202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AT&T INC. [ T ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Global Mktg Ofr & SEVP Intl

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/28/2026		A(1)		200.5	A	$28.01	11,609.495	I	By Benefit Plan
Common Stock								14,069.6002(2)	I	By 401(k)
Common Stock								391,151	I	By 2024 Trust
Common Stock								188,724	I	By Joint Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents deferred stock units purchased by the reporting person with automatic payroll deductions and partial company matching contributions. Deferred stock units are settled only in stock on a 1-for-1 basis.

2. Based on a 401(k) plan statement dated 1/31/2026.

	/s/ Johnell C. Holland, Attorney-in-fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did AT&T (T) executive Lori M. Lee report?

Lori M. Lee reported an automatic acquisition of 200.5 AT&T common shares. The shares were credited as deferred stock units under a benefit plan using payroll deductions and partial company matching contributions at a reported price of $28.01 per share.

Was Lori M. Lee’s AT&T Form 4 transaction a purchase or an award?

The Form 4 shows a grant or award-type acquisition, not an open-market purchase. Code A indicates a grant, and footnotes describe deferred stock units acquired via automatic payroll deductions and partial company matching contributions under an AT&T benefit plan.

How many AT&T shares did Lori M. Lee hold in the benefit plan after the award?

After the reported award, the benefit-plan account held 11,609.495 AT&T common shares. These are indirect holdings, represented as deferred stock units that are settled only in stock on a one-for-one basis, according to the Form 4 disclosure.

What other indirect AT&T holdings does Lori M. Lee report on this Form 4?

The filing lists additional indirect holdings: 14,069.6002 shares in a 401(k), 391,151 shares in a 2024 Trust, and 188,724 shares in a Joint Trust. These positions are reported as of statements and trust records referenced in the disclosure.

How are Lori M. Lee’s AT&T deferred stock units structured in this Form 4?

The deferred stock units are settled only in AT&T stock on a one-for-one basis. They are acquired through automatic payroll deductions plus partial company matching contributions, functioning as an equity-based component within a company benefit plan.