STOCK TITAN

AT&T (NYSE: T) director receives deferred stock unit award

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

Rhea-AI Filing Summary

AT&T Inc. director Michael B. McCallister reported an award of deferred stock units rather than an open-market trade. He acquired 9,274.1935 deferred stock units of AT&T common stock at a reference value of $24.8000 per unit through a benefit plan for non-employee directors.

According to the plan, after he ceases to be a director, each unit will be paid out in cash equal to the value of one AT&T common share at times he previously elected. The filing also lists indirect holdings of 7,000 common shares held by a trust and 62,076 common shares held by a family trust, without new share purchases or sales in those accounts.

Positive

  • None.

Negative

  • None.
Insider MCCALLISTER MICHAEL B
Role null
Type Security Shares Price Value
Grant/Award Deferred Stock Units 9,274.194 $24.80 $230K
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Deferred Stock Units — 165,354.969 shares (Indirect, By Benefit Plan); Common Stock — 62,076 shares (Indirect, By Family Trust)
Footnotes (1)
  1. [object Object]
Deferred stock units granted 9,274.1935 units Grant of deferred stock units to director on May 29, 2026
Reference value per unit $24.8000 per unit Value used for deferred stock unit award
Deferred stock units outstanding 165,354.9685 units Total deferred stock units following the transaction
Indirect trust common shares 7,000 shares Common stock held indirectly by trust after the reporting date
Indirect family trust common shares 62,076 shares Common stock held indirectly by family trust after the reporting date
Deferred stock units financial
"Deferred stock units acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan."
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.
Non-Employee Director Stock and Deferral Plan financial
"Deferred stock units acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan."
By Benefit Plan financial
"nature_of_ownership: By Benefit Plan"
By Family Trust financial
"nature_of_ownership: By Family Trust"
By Trust financial
"nature_of_ownership: By Trust"
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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*
MCCALLISTER MICHAEL B

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

(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
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026
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 Stock62,076IBy Family Trust
Common Stock7,000IBy 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Deferred Stock Units(1)05/29/2026A9,274.1935 (1) (1)Common Stock9,274.1935$24.8165,354.9685IBy Benefit Plan
Explanation of Responses:
1. Deferred stock units acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan. After the reporting person ceases to be a director, each unit is paid out in cash equal to the value of one share of AT&T common stock at times elected by the director.
/s/ Johnell C. Holland, Attorney-in-fact06/02/2026
** 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 insider activity did AT&T (T) disclose for Michael B. McCallister?

AT&T disclosed that director Michael B. McCallister received a grant of deferred stock units, not an open-market trade. He was awarded 9,274.1935 units tied to AT&T common stock value under the Non-Employee Director Stock and Deferral Plan.

How many deferred stock units did the AT&T (T) director receive?

Michael B. McCallister received 9,274.1935 deferred stock units linked to AT&T common stock at a reference value of $24.8000 per unit. These units represent a compensation award rather than a purchase on the open market.

How are the AT&T (T) deferred stock units for the director settled?

The deferred stock units are paid out in cash after Michael B. McCallister ceases to be a director. Each unit will pay an amount equal to the value of one AT&T common share at payout, at times he previously elected.

Does the AT&T (T) Form 4 show any open-market stock buys or sells?

The Form 4 does not show any open-market purchases or sales. It reports a grant of deferred stock units and updates indirect holdings of common stock in a trust and a family trust without recording new transaction share amounts.

What indirect AT&T (T) common stock holdings are reported for the director?

The filing lists 7,000 AT&T common shares held indirectly by a trust and 62,076 common shares held indirectly by a family trust. These entries reflect updated holdings, not newly purchased or sold shares in the period.

What plan governs the AT&T (T) director’s deferred stock unit award?

The award was made under the AT&T Inc. Non-Employee Director Stock and Deferral Plan. Under this plan, deferred stock units for directors are settled in cash after board service ends, based on AT&T’s common stock value at payout.