AT&T director granted deferred stock units

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

Rhea-AI Filing Summary

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

AT&T Inc. director Michael B. McCallister received 1,973.5916 deferred stock units on 2026-07-31 under the AT&T Inc. Non-Employee Director Stock and Deferral Plan. These units are credited to a benefit plan account and will be paid in cash equal to the value of one AT&T common share after he ceases to be a director, at times he has elected. After this award he indirectly holds 167,328.5601 deferred stock units in the plan, plus 62,076 and 7,000 AT&T common shares through family trusts.

Insider Trade Summary

Grant/Award: 1,973.5916 shares

Grant/Award 3 txns

Insider MCCALLISTER MICHAEL B

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units F1	1,973.5916	$23.25	$46K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Deferred Stock Units — 167,328.5601 contracts (Indirect, By Benefit Plan); Common Stock — 62,076 shares (Indirect, By Family Trust); Common Stock — 7,000 shares (Indirect, By Trust)

Footnotes (1)

1. F1. 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.

Key Figures

Deferred stock units granted: 1,973.5916 units Grant valuation price: $23.2500 per unit Deferred stock units after grant: 167,328.5601 units +2 more

5 metrics

Deferred stock units granted 1,973.5916 units Grant to director Michael B. McCallister on 2026-07-31

Grant valuation price $23.2500 per unit Per-unit value for deferred stock unit award

Deferred stock units after grant 167,328.5601 units Indirect benefit plan holdings following the award

Indirect common shares via Family Trust 62,076 shares AT&T common stock held indirectly by Family Trust

Indirect common shares via Trust 7,000 shares AT&T common stock held indirectly by another Trust

Key Terms

Deferred Stock Units, AT&T Inc. Non-Employee Director Stock and Deferral Plan, By Benefit Plan

3 terms

Deferred Stock Units financial

"Security title "Deferred Stock Units" acquired as director compensation"

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.

AT&T Inc. 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

"Indirect ownership nature described as "By Benefit Plan" for deferred stock units"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did AT&T (T) report for Michael B. McCallister?

Michael B. McCallister, an AT&T Inc. director, received 1,973.5916 deferred stock units on 2026-07-31 under the Non-Employee Director Stock and Deferral Plan, increasing his indirect benefit plan holdings to 167,328.5601 units tied to AT&T common stock value.

How do AT&T (T) director deferred stock units work for Michael B. McCallister?

His deferred stock units are credited to a benefit plan and later paid in cash. After he ceases to be a director, each unit pays cash equal to the value of one share of AT&T common stock at times he has elected.

What price was used for the 1,973.5916 deferred stock units granted to AT&T (T) director McCallister?

The grant is reported at $23.2500 per deferred stock unit. This per-unit value is disclosed in the transaction details for his 1,973.5916-unit award dated 2026-07-31 under AT&T’s Non-Employee Director Stock and Deferral Plan.

What are Michael B. McCallister’s indirect deferred stock unit holdings in AT&T (T) after this grant?

Following the July 31, 2026 award, McCallister indirectly holds 167,328.5601 deferred stock units in a benefit plan. Each unit will ultimately pay out cash based on the value of one AT&T common share when distributions occur.

What indirect common stock holdings in AT&T (T) did McCallister report?

He reported indirect holdings of 62,076 shares of AT&T common stock held by a Family Trust and an additional 7,000 shares held by another Trust, both reported as indirect ownership positions separate from his deferred stock units.

Does the deferred stock unit grant give McCallister immediate AT&T (T) shares?

The grant consists of deferred stock units credited to a benefit plan, not an immediate share issuance. After he ceases to be a director, each unit is paid out in cash equal to the value of one AT&T common share at elected times.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/04/2026 - 04:13 PM Accepted by SEC EDGAR 08/04/2026 - 04:12 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^*

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)
07/31/2026

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								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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock Units	(1)	07/31/2026		A		1,973.5916		(1)	(1)	Common Stock	1,973.5916	$23.25	167,328.5601	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	08/04/2026
	** 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)