STOCK TITAN

AT&T (NYSE: T) director adds deferred stock units through benefit plan

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

Rhea-AI Filing Summary

TAYLOR CINDY B reported acquisition or exercise transactions in this Form 4 filing.

AT&T Inc. director Cindy B. Taylor reported a compensation-related award of 2,159.2423 Deferred Stock Units tied to AT&T common stock at $26.13 per unit. The units were granted under the AT&T Inc. Non-Employee Director Stock and Deferral Plan and are held indirectly through a benefit plan.

After Taylor ceases to be a director, each unit will be paid out in cash equal to the value of one share of AT&T common stock at times she previously elected. Following this award, her deferred stock unit balance under the plan is 205,478.1651 units, in addition to 5,718 shares of common stock and 320 depositary shares held directly.

Positive

  • None.

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  • None.
Insider TAYLOR CINDY B
Role null
Type Security Shares Price Value
Grant/Award Deferred Stock Units 2,159.242 $26.13 $56K
holding Common Stock -- -- --
holding Depositary Shares (Preferred Stock, Series C) -- -- --
Holdings After Transaction: Deferred Stock Units — 205,478.165 shares (Indirect, By Benefit Plan); Common Stock — 5,718 shares (Direct, null); Depositary Shares (Preferred Stock, Series C) — 320 shares (Direct, null)
Footnotes (1)
  1. Each Depositary Share represents a 1/1,000th interest in a share of 4.750% Perpetual Preferred Stock, Series C. 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 2,159.2423 units Grant to Cindy B. Taylor on April 30, 2026
Grant reference price $26.13 per unit Price per Deferred Stock Unit on award date
Deferred Stock Units balance 205,478.1651 units Total Deferred Stock Units after reported award
Common stock holdings 5,718 shares AT&T common stock held directly after transactions
Depositary share holdings 320 depositary shares Each representing 1/1,000th share of Series C preferred
Preferred dividend rate 4.750% Rate on Perpetual Preferred Stock, Series C
Depositary Shares financial
"Each Depositary Share represents a 1/1,000th interest in a share"
Depositary shares are tradable certificates that represent a fractional piece of a larger security held by a third-party bank, like owning a slice of a single big pie instead of the whole pie. They let companies issue and investors buy smaller, more affordable portions of preferred stock or other instruments; holders usually receive proportional dividends and market pricing similar to ordinary shares, but may have limited voting rights and different liquidity or tax implications, which can affect income and resale value.
Perpetual Preferred Stock, Series C financial
"a share of 4.750% Perpetual Preferred Stock, Series C"
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
"acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan"
benefit plan financial
"Deferred Stock Units held indirectly, nature of ownership: By Benefit Plan"
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*
TAYLOR CINDY B

(Last)(First)(Middle)
208 S. AKARD

(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)
04/30/2026
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
Common Stock5,718D
Depositary Shares (Preferred Stock, Series C)320(1)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Deferred Stock Units(2)04/30/2026A2,159.2423 (2) (2)Common Stock2,159.2423$26.13205,478.1651IBy Benefit Plan
Explanation of Responses:
1. Each Depositary Share represents a 1/1,000th interest in a share of 4.750% Perpetual Preferred Stock, Series C.
2. 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-fact05/04/2026
** 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)

FAQ

What did AT&T (T) director Cindy B. Taylor report in this Form 4?

Cindy B. Taylor reported receiving 2,159.2423 Deferred Stock Units linked to AT&T common stock at $26.13 per unit. The award was made under AT&T’s Non-Employee Director Stock and Deferral Plan and increases her indirect deferred unit holdings under that plan.

How many Deferred Stock Units does AT&T director Cindy B. Taylor now hold?

After this award, Cindy B. Taylor holds 205,478.1651 Deferred Stock Units through a benefit plan. Each unit tracks the value of one share of AT&T common stock and will ultimately be paid out in cash after she ceases serving as a director.

How and when are Cindy B. Taylor’s AT&T Deferred Stock Units paid out?

Each Deferred Stock Unit will be settled in cash equal to the value of one AT&T common share after Taylor ceases to be a director. Payments are made at times she previously elected under the AT&T Inc. Non-Employee Director Stock and Deferral Plan.

What other AT&T securities does Cindy B. Taylor hold according to this filing?

The filing shows Cindy B. Taylor directly holds 5,718 shares of AT&T common stock and 320 depositary shares. Each depositary share represents a 1/1,000th interest in a share of AT&T 4.750% Perpetual Preferred Stock, Series C, in addition to her deferred units.

Is Cindy B. Taylor’s Deferred Stock Unit award an open-market purchase of AT&T shares?

No, the 2,159.2423 Deferred Stock Units are a grant under AT&T’s Non-Employee Director Stock and Deferral Plan, not an open-market share purchase. The units are derivative, benefit-plan-based interests that will be settled in cash, not immediate stock acquisitions in the market.

How does this Form 4 transaction affect Cindy B. Taylor’s AT&T ownership exposure?

The reported grant increases Taylor’s indirect economic exposure to AT&T through 2,159.2423 additional Deferred Stock Units, bringing her plan balance to 205,478.1651 units. She also continues to hold direct positions in AT&T common stock and preferred-related depositary shares, as listed.