AT&T officer acquires 347.6 deferred stock units

AT&T executive Lori M. Lee received additional deferred stock units through a benefit plan, increasing her indirect equity-based holdings across several accounts and trusts.

Rhea-AI Filing Summary

AT&T INC. (symbol: T) is the issuer of record for a Form 4 filing submitted to the SEC. Lee Lori M reported acquisition or exercise transactions in this Form 4 filing.

AT&T INC. (T) reported that officer Lori M. Lee, Global Marketing Officer and SEVP International, received an indirect grant of 347.625 deferred stock units of common stock on August 31, 2026 through a benefit plan at $25.89 per unit, purchased via automatic payroll deductions with partial company matching contributions and settled only in stock on a 1-for-1 basis. Following this grant, she indirectly holds 10,274.594 deferred stock units in the benefit plan, 14,918.8163 shares in a 401(k) account as of a July 31, 2026 statement, and additional indirect holdings of 391,151 shares in a 2024 Trust and 190,818 shares in a Joint Trust; no Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 347.625 shares

Grant/Award 4 txns

Insider Lee Lori M

Role Global Mktg Ofr & SEVP Intl

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	347.625	$25.89	$9K
holding	Common Stock F2	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 10,274.594 shares (Indirect, By Benefit Plan); Common Stock — 14,918.8163 shares (Indirect, By 401(k)); Common Stock — 391,151 shares (Indirect, By 2024 Trust); Common Stock — 190,818 shares (Indirect, By Joint Trust)

Footnotes (2)

1. F1. 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. F2. Based on a 401(k) plan statement dated 7/31/2026.

Key Figures

Deferred stock units granted: 347.625 units Grant price per deferred stock unit: $25.89 per unit Deferred stock units in benefit plan after transaction: 10,274.594 units +3 more

6 metrics

Deferred stock units granted 347.625 units Indirect grant to Lori M. Lee on August 31, 2026 through a benefit plan

Grant price per deferred stock unit $25.89 per unit Acquisition of deferred stock units on August 31, 2026

Deferred stock units in benefit plan after transaction 10,274.594 units Indirect holdings for Lori M. Lee following the August 31, 2026 grant

401(k) plan shares 14,918.8163 shares Indirect holdings in a 401(k) account based on a July 31, 2026 statement

Shares held by 2024 Trust 391,151 shares Indirect AT&T common stock holdings for Lori M. Lee through a 2024 Trust

Shares held by Joint Trust 190,818 shares Indirect AT&T common stock holdings for Lori M. Lee through a Joint Trust

Key Terms

deferred stock units, partial company matching contributions, settled only in stock on a 1-for-1 basis, 401(k) plan statement

4 terms

deferred stock units financial

"Represents deferred stock units purchased by the reporting person with automatic payroll deductions"

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.

partial company matching contributions financial

"purchased by the reporting person with automatic payroll deductions and partial company matching contributions"

settled only in stock on a 1-for-1 basis financial

"Deferred stock units are settled only in stock on a 1-for-1 basis"

401(k) plan statement financial

"Based on a 401(k) plan statement dated 7/31/2026"

FAQ

What did AT&T (T) disclose about Lori M. Lee’s new equity grant?

AT&T disclosed that Lori M. Lee received an indirect grant of 347.625 deferred stock units of common stock on August 31, 2026 through a benefit plan at $25.89 per unit, acquired via automatic payroll deductions with partial company matching contributions and settled only in stock on a 1-for-1 basis.

How many deferred stock units of AT&T (T) does Lori M. Lee hold after this transaction?

After the August 31, 2026 grant, Lori M. Lee indirectly holds 10,274.594 deferred stock units in the benefit plan. These units are designed to be settled only in AT&T common stock on a 1-for-1 basis according to the company’s description.

What other AT&T (T) shares does Lori M. Lee hold indirectly?

In addition to the benefit plan units, Lori M. Lee indirectly holds 14,918.8163 shares of AT&T common stock through a 401(k) account as of a July 31, 2026 statement, 391,151 shares through a 2024 Trust, and 190,818 shares through a Joint Trust.

Was Lori M. Lee’s AT&T (T) transaction under a Rule 10b5-1 trading plan?

No. The filing indicates that no Rule 10b5-1 trading plan is affirmed for the reported transactions. The acquisition reflects deferred stock units purchased through automatic payroll deductions with partial company matching contributions under a benefit plan.

How are the deferred stock units for AT&T (T) settled for Lori M. Lee?

The deferred stock units are settled only in stock on a 1-for-1 basis. This means each deferred stock unit corresponds to one share of AT&T common stock when settled, as described in the company’s explanation of the benefit plan units.

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Available on EDGAR 09/02/2026 - 06:05 PM Accepted by SEC EDGAR 09/02/2026 - 06:05 PM Learn about SEC filing dates

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

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^*

Lee Lori M

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/31/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/31/2026		A(1)		347.625	A	$25.89	10,274.594	I	By Benefit Plan
Common Stock								14,918.8163(2)	I	By 401(k)
Common Stock								391,151	I	By 2024 Trust
Common Stock								190,818	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 7/31/2026.

	/s/ Johnell C. Holland, Attorney-in-fact	09/02/2026
	** 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).
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)