AT&T director granted deferred stock units

AT&T Inc. director Marissa A. Mayer received a grant of deferred stock units under the company’s Non-Employee Director Stock and Deferral Plan.

Rhea-AI Filing Summary

AT&T Inc. director Marissa A. Mayer received a grant of deferred stock units under the company’s Non-Employee Director Stock and Deferral Plan. She acquired 309.8332 deferred stock units, each tied to AT&T common stock valued at $26.13 per unit, held indirectly through a benefit plan.

Following this grant, her balance in the plan increased to 29,484.4015 deferred stock units. After she ceases to be a director, each unit will be settled in cash equal to the value of one share of AT&T common stock at payout times she has elected.

Insider Trade Summary

Grant/Award: 309.8332 shares

Grant/Award 1 txn

Insider MAYER MARISSA A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	309.8332	$26.13	$8K

Holdings After Transaction: Deferred Stock Units — 29,484.4015 contracts (Indirect, By Benefit Plan)

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: 309.8332 units Reference value per unit: $26.13 per unit Total deferred units after grant: 29,484.4015 units +2 more

5 metrics

Deferred stock units granted 309.8332 units Grant on 2026-04-30 under Non-Employee Director Stock and Deferral Plan

Reference value per unit $26.13 per unit Value tied to AT&T common stock for this grant

Total deferred units after grant 29,484.4015 units Balance following the reported transaction

Conversion/exercise price $0.00 Deferred stock units under benefit plan

Underlying common shares 309.8332 shares Underlying AT&T common stock linked to new deferred units

Key Terms

Deferred Stock Units, Non-Employee Director Stock and Deferral Plan, indirect, underlying security

4 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

"nature_of_ownership: By Benefit Plan; ownership_type: indirect; ownership_code: I"

underlying security financial

"underlying_security_title: Common Stock; underlying_security_shares: 309.8332"

FAQ

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

What did AT&T (T) director Marissa Mayer report in this Form 4 filing?

Marissa A. Mayer reported receiving a grant of 309.8332 deferred stock units tied to AT&T common stock. These units were awarded under AT&T’s Non-Employee Director Stock and Deferral Plan and are held indirectly through a benefit plan account in her name.

How many AT&T deferred stock units does Marissa Mayer hold after this transaction?

After this transaction, Marissa A. Mayer holds a total of 29,484.4015 deferred stock units. This figure reflects her updated balance within the AT&T Non-Employee Director Stock and Deferral Plan following the grant of 309.8332 additional deferred stock units reported in the filing.

At what value were Marissa Mayer’s new AT&T deferred stock units referenced?

The 309.8332 newly awarded deferred stock units are tied to AT&T common stock valued at $26.13 per unit. This value is used as the reference price for the grant, even though the units themselves are deferred compensation rather than immediately tradable common shares.

How and when will Marissa Mayer’s AT&T deferred stock units be paid out?

Each deferred stock unit will be paid out in cash after Marissa A. Mayer ceases to be a director. The cash amount for each unit equals the value of one share of AT&T common stock at payout, on timing she previously elected under the deferral plan.

Are Marissa Mayer’s AT&T deferred stock units held directly or indirectly?

The deferred stock units are held indirectly on Marissa A. Mayer’s behalf through a benefit plan. The filing identifies the nature of ownership as “By Benefit Plan,” indicating that the units are credited to her account within AT&T’s Non-Employee Director Stock and Deferral Plan.

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

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Accepted by SEC EDGAR 05/04/2026 - 04:11 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^*

MAYER MARISSA A

(Last) (First) (Middle)

208 S. AKARD ST.

(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)
			Code	V	Amount	(A) or (D)	Price

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)	04/30/2026		A		309.8332		(1)	(1)	Common Stock	309.8332	$26.13	29,484.4015	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)