AT&T (T) director receives new deferred stock unit award and reports trust holdings

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

MCCALLISTER MICHAEL B reported acquisition or exercise transactions in this Form 4 filing.

AT&T Inc. director Michael B. McCallister reported compensation-related equity activity rather than open-market trading. He received an award of 1,640.1558 deferred stock units on April 30, 2026 at a reference value of $26.13 per unit through the AT&T Non-Employee Director Stock and Deferral Plan.

After this grant, he indirectly holds 156,080.775 deferred stock units through a benefit plan. Separate entries show indirect holdings of 7,000 AT&T common shares held by a trust and 62,076 shares held by a family trust. The deferred units will be paid in cash equal to the value of one AT&T share per unit after he ceases to be a director, at times he previously elected.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider MCCALLISTER MICHAEL B

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	1,640.156	$26.13	$43K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Deferred Stock Units — 156,080.775 shares (Indirect, By Benefit Plan); Common Stock — 62,076 shares (Indirect, By Family Trust)

Footnotes (1)

[object Object]

Key Figures

Deferred stock units granted: 1,640.1558 units Reference value per deferred unit: $26.13 per unit Deferred stock units after grant: 156,080.775 units +2 more

5 metrics

Deferred stock units granted 1,640.1558 units Grant on April 30, 2026

Reference value per deferred unit $26.13 per unit Grant pricing reference

Deferred stock units after grant 156,080.775 units Indirect holdings via benefit plan after April 30, 2026

Trust-held common shares 7,000 shares Indirect ownership by trust

Family trust common shares 62,076 shares Indirect ownership by family trust

Key Terms

Deferred stock units, Non-Employee Director Stock and Deferral Plan, indirect, By Benefit Plan, +1 more

5 terms

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."

indirect financial

"total_shares_following_transaction ... ownership_type: "indirect", ownership_code: "I""

By Benefit Plan financial

"direct_or_indirect: "I", nature_of_ownership: "By Benefit Plan""

By Family Trust financial

"direct_or_indirect: "I", nature_of_ownership: "By Family Trust""

Form 4 Insider Transactions: What Each Field Means →

05/04/2026 - 04:12 PM

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^*

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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								62,076	I	By Family Trust
Common Stock								7,000	I	By 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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Deferred Stock Units	⁽¹⁾	04/30/2026		A		1,640.1558		⁽¹⁾	⁽¹⁾	Common Stock	1,640.1558	$26.13	156,080.775	I	By 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-fact	05/04/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did AT&T (T) director Michael McCallister report in this Form 4?

Michael McCallister reported a grant of 1,640.1558 deferred stock units tied to AT&T common stock. These units were awarded under a non-employee director plan and increase his total indirect deferred unit holdings to 156,080.775 following the transaction.

How many AT&T (T) deferred stock units does the director hold after this filing?

After the April 30, 2026 grant, Michael McCallister holds 156,080.775 deferred stock units indirectly through a benefit plan. Each unit is linked to the value of one AT&T common share and will be settled in cash after he leaves the board.

Were there any AT&T (T) open-market stock purchases or sales in this Form 4?

The filing shows no open-market purchases or sales. It records a grant of deferred stock units and two holdings entries for common shares held indirectly by a trust and a family trust, without reporting new buy or sell transactions.

How many AT&T (T) common shares are held indirectly by the director’s trusts?

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 holdings positions rather than new transactions or changes in ownership direction.

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

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