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AT&T Inc. (NYSE: T) director receives cash-settled deferred stock units

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

Rhea-AI Filing Summary

Kennard William E reported acquisition or exercise transactions in this Form 4 filing.

AT&T Inc. director William E. Kennard received an award of 1,727.7629 Deferred Stock Units on 2026-07-31, valued at $23.25 per unit. The units are held indirectly through a benefit plan, bringing his deferred stock unit balance to 146,486.2748 units. Under AT&T’s Non-Employee Director Stock and Deferral Plan, each unit will be paid in cash equal to the value of one share of AT&T common stock after he ceases to be a director, at payout times he has elected.

Positive

  • None.

Negative

  • None.
Insider Kennard William E
Role Director
Type Security Shares Price Value
Grant/Award Deferred Stock Units F1 1,727.7629 $23.25 $40K
Holdings After Transaction: Deferred Stock Units — 146,486.2748 shares (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.
Deferred Stock Units granted 1,727.7629 units Award of Deferred Stock Units on 2026-07-31
Per-unit grant value $23.2500 per unit Reference value for Deferred Stock Units granted to director
Deferred Stock Units after grant 146,486.2748 units Total Deferred Stock Units beneficially owned after this transaction
Underlying security 1,727.7629 shares equivalent Underlying AT&T common stock value referenced by the Deferred Stock Units
Deferred Stock Units financial
"Deferred stock units acquired pursuant to the AT&T Inc. Non-Employee Director"
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
"acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan"
By Benefit Plan financial
"nature of ownership reported as indirect: By Benefit Plan"

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FAQ

What did AT&T (T) director William E. Kennard receive in this insider report?
William E. Kennard received 1,727.7629 Deferred Stock Units tied to AT&T common stock value. These units are part of AT&T’s Non-Employee Director Stock and Deferral Plan and represent cash-settled compensation rather than an open-market stock purchase.

At what value were William E. Kennard’s Deferred Stock Units recorded in the AT&T (T) Form 4?
The Deferred Stock Units were recorded at $23.25 per unit. This amount reflects the per-unit reference value used for the grant under AT&T’s Non-Employee Director Stock and Deferral Plan, not a reported market trade in AT&T common shares.

How many Deferred Stock Units does William E. Kennard hold after this AT&T (T) transaction?
After this grant, William E. Kennard holds a total of 146,486.2748 Deferred Stock Units. These units are held indirectly through a benefit plan and will be settled in cash based on AT&T common stock value after he leaves the board.

How and when are AT&T (T) Deferred Stock Units for William E. Kennard paid out?
Each Deferred Stock Unit will be paid out in cash equal to the value of one AT&T common share after Kennard ceases to be a director. Payments occur at times he has previously elected under the Non-Employee Director Stock and Deferral Plan.

Are William E. Kennard’s AT&T (T) Deferred Stock Units held directly or indirectly?
The units are reported as indirectly owned, with the nature of ownership described as “By Benefit Plan.” This means the compensation is credited within a plan account rather than as directly held AT&T common stock in his personal name.
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*
Kennard William E
(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)
07/31/2026		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
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)07/31/2026A1,727.7629 (1) (1)Common Stock1,727.7629$23.25146,486.2748IBy 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-fact08/04/2026
** 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)

Source: View Original Filing on SEC EDGAR