STOCK TITAN

AT&T (T) director Kelly Grier receives 9,274 deferred stock units in benefit plan grant

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

Rhea-AI Filing Summary

Grier Kelly J reported acquisition or exercise transactions in this Form 4 filing.

AT&T Inc. director Kelly J. Grier reported a compensation-related award of deferred stock units rather than an open-market trade. The filing shows a grant of 9,274.1935 deferred stock units tied to AT&T common stock at a reference price of $24.80 per unit, held indirectly through a benefit plan.

After this award, Grier has 14,917.1822 deferred stock units credited under the plan and 723 shares of common stock held directly. According to the plan terms, each deferred stock unit will be settled in cash equal to the value of one AT&T common share after Grier ceases to be a director, at times previously elected.

Positive

  • None.

Negative

  • None.
Insider Grier Kelly J
Role null
Type Security Shares Price Value
Grant/Award Deferred Stock Units 9,274.194 $24.80 $230K
holding Common Stock -- -- --
Holdings After Transaction: Deferred Stock Units — 14,917.182 shares (Indirect, By Benefit Plan); Common Stock — 723 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Deferred stock units granted 9,274.1935 units Grant to Kelly J. Grier on May 29, 2026
Deferred units after grant 14,917.1822 units Total deferred stock units held indirectly
Reference price per unit $24.80 per unit Price used for the deferred stock unit grant
Direct common shares held 723 shares AT&T common stock directly owned after transactions
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
"acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan."
grant/award acquisition financial
"transaction_action: grant/award acquisition for deferred stock units."
indirect ownership financial
"Deferred stock units held as indirect ownership "By Benefit Plan"."
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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*
Grier Kelly J

(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 Stock723D
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$24.814,917.1822IBy 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 transaction did AT&T (T) director Kelly J. Grier report?

Kelly J. Grier reported receiving a grant of 9,274.1935 deferred stock units as compensation. These units are linked to AT&T common stock and were credited under a non-employee director stock and deferral plan rather than acquired in an open-market purchase.

How many deferred stock units does Kelly J. Grier hold after this AT&T Form 4?

After the reported grant, Kelly J. Grier holds 14,917.1822 deferred stock units. These units are maintained under an AT&T non-employee director stock and deferral plan and are designed to mirror the value of AT&T common shares over time.

At what price were Kelly J. Grier’s new AT&T deferred stock units credited?

The 9,274.1935 new deferred stock units were credited at $24.80 per unit. Each unit represents the value of one AT&T common share for bookkeeping purposes within the non-employee director stock and deferral plan.

Does Kelly J. Grier directly own AT&T common stock according to this Form 4?

Yes. The filing shows direct ownership of 723 shares of AT&T common stock. This is separate from the 14,917.1822 deferred stock units, which are held indirectly through a benefit plan for the non-employee director.

How and when are AT&T deferred stock units for directors like Kelly J. Grier paid out?

The footnote explains each deferred stock unit is settled in cash equal to the value of one AT&T common share. Payment occurs after the director ceases serving, at times previously elected under the plan’s deferral choices.

Is Kelly J. Grier’s AT&T Form 4 transaction a market buy or sell?

No. The Form 4 shows a grant of deferred stock units classified as a compensation award. It is not an open-market purchase or sale of AT&T shares but an accrual under a director stock and deferral plan.