AT&T (T) director Kelly J. Grier granted new deferred stock units

Rhea-AI Filing Summary

AT&T Inc. director Kelly J. Grier reported routine equity-based compensation. On January 30, 2026, Grier acquired 58.4983 deferred stock units tied to AT&T common stock at $26.21 per unit under the Non-Employee Director Stock and Deferral Plan.

These deferred stock units will be paid in cash after Grier ceases to be a director, based on the value of one AT&T share at payout. Following this grant, Grier indirectly holds 5,583.69 deferred stock units through a benefit plan and directly holds 723 shares of AT&T common stock.

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^*

Grier Kelly J

(Last) (First) (Middle)

208 S. AKARD STREET

(Street)

DALLAS TX 75202

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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								723	D

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)	01/30/2026		A		58.4983		(1)	(1)	Common Stock	58.4983	$26.21	5,583.69	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	02/03/2026
	** 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.

FAQ

What insider transaction did AT&T (T) director Kelly J. Grier report?

Kelly J. Grier reported acquiring 58.4983 deferred stock units tied to AT&T common stock on January 30, 2026. These units were granted as part of AT&T’s Non-Employee Director Stock and Deferral Plan and represent routine director compensation rather than an open-market purchase.

What are the terms of Kelly J. Grier’s deferred stock units at AT&T (T)?

Each deferred stock unit will be paid in cash after Grier ceases to be a director, with the cash amount equal to one share of AT&T common stock. The January 30, 2026 grant was valued at $26.21 per unit under the company’s Non-Employee Director Stock and Deferral Plan.

How many AT&T (T) deferred stock units does Kelly J. Grier now beneficially own?

After the January 30, 2026 grant, Kelly J. Grier beneficially owns 5,583.69 deferred stock units indirectly through a benefit plan. These units track the value of AT&T common stock and are scheduled for cash settlement when Grier is no longer serving as a director.

Does Kelly J. Grier directly own AT&T (T) common stock in addition to deferred units?

Yes. In addition to deferred stock units, Kelly J. Grier directly owns 723 shares of AT&T common stock after the reported transaction. The Form 4 separates these direct common stock holdings from the indirectly held deferred stock units under the company’s director benefit plan.

How were Kelly J. Grier’s AT&T (T) deferred stock units acquired?

The deferred stock units were acquired under AT&T’s Non-Employee Director Stock and Deferral Plan, not through a market purchase. This plan grants units as part of director compensation, with the January 30, 2026 award recorded at a price of $26.21 per unit for reporting purposes.

Is Kelly J. Grier’s AT&T (T) Form 4 transaction a sale of shares?

No. The Form 4 reports an acquisition of 58.4983 deferred stock units as director compensation, not a sale of AT&T shares. These units will convert to cash after Grier leaves the board, based on the then-current value of AT&T common stock.