STOCK TITAN

AT&T (NYSE: T) CEO boosts indirect holdings with dividend-equivalent shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

AT&T Inc. CEO & President John Stankey reported updated indirect holdings of the company’s common stock. On April 30, 2026, an indirect account described as a benefit plan received 816.965 shares of common stock at $26.13 per share, increasing that plan’s position to 77,744.201 shares.

The filing also lists indirect holdings of 120,000 shares by a limited partnership and 1,255,469 shares by a family trust. A separate indirect position of 18,022.8377 shares is held through a 401(k) plan, based on a plan statement dated March 31, 2026. A footnote explains the newly acquired benefit-plan shares represent reinvested dividend equivalents on deferred stock units that are settled in stock on a 1-for-1 basis.

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Insider STANKEY JOHN T
Role CEO & President
Type Security Shares Price Value
Grant/Award Common Stock 816.965 $26.13 $21K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 77,744.201 shares (Indirect, By Benefit Plan)
Footnotes (1)
  1. Represents reinvestment of dividend equivalents on deferred stock units purchased by the reporting person. Deferred stock units are settled only in stock on a 1-for-1 basis. Based on a 401(k) plan statement dated 3/31/2026.
Benefit plan award 816.965 shares at $26.13 Indirect common stock acquisition on April 30, 2026
Benefit plan balance 77,744.201 shares Indirect holdings following transaction by benefit plan
Limited partnership holdings 120,000 shares Indirect common stock held by LP
Family trust holdings 1,255,469 shares Indirect common stock held by family trust
401(k) plan holdings 18,022.8377 shares Based on 401(k) plan statement dated March 31, 2026
deferred stock units financial
"Deferred stock units are settled only in stock on a 1-for-1 basis."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
dividend equivalents financial
"Represents reinvestment of dividend equivalents on deferred stock units purchased by the reporting person."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
401(k) plan financial
"Based on a 401(k) plan statement dated 3/31/2026."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
indirect ownership financial
"The filing also lists indirect holdings of 120,000 shares by a limited partnership and 1,255,469 shares by a family trust."
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
STANKEY JOHN T

(Last)(First)(Middle)
208 S. AKARD ST.

(Street)
DALLAS TEXAS 75202

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
AT&T INC. [ T ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO & President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock04/30/2026A(1)816.965A$26.1377,744.201IBy Benefit Plan
Common Stock18,022.8377(2)IBy 401(k)
Common Stock1,255,469IBy Family Trust
Common Stock120,000IBy LP
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents reinvestment of dividend equivalents on deferred stock units purchased by the reporting person. Deferred stock units are settled only in stock on a 1-for-1 basis.
2. Based on a 401(k) plan statement dated 3/31/2026.
/s/ Johnell C. Holland, Attorney-in-fact05/04/2026
** Signature of Reporting PersonDate
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did AT&T (T) CEO John Stankey report in this Form 4?

John Stankey reported updated indirect holdings of AT&T common stock. A benefit plan account received 816.965 shares at $26.13 each, and the filing details additional indirect holdings through a limited partnership, a family trust, and a 401(k) plan.

How many AT&T (T) shares were added through the benefit plan?

The benefit plan indirectly associated with John Stankey received 816.965 AT&T common shares. These shares were valued at $26.13 each, bringing that benefit plan’s total indirect holdings to 77,744.201 shares as of the reported transaction date.

What indirect AT&T (T) holdings are reported for John Stankey?

The filing lists 120,000 AT&T shares held indirectly by a limited partnership and 1,255,469 shares held by a family trust. It also reports 18,022.8377 shares in a 401(k) plan, plus 77,744.201 shares in a benefit plan after the latest acquisition.

What is the nature of the new AT&T (T) shares in the benefit plan?

A footnote states the new benefit-plan shares represent reinvestment of dividend equivalents on deferred stock units. Those deferred stock units are settled only in stock on a 1-for-1 basis, meaning each unit converts into one AT&T common share when settled.

How are AT&T (T) shares held through John Stankey’s 401(k) reported?

The Form 4 shows 18,022.8377 AT&T shares held indirectly through a 401(k) plan. This figure is based on a 401(k) plan statement dated March 31, 2026, and represents retirement-plan holdings rather than an open-market stock trade.