AT&T (NYSE: T) director awarded 1,618 deferred stock units

Rhea-AI Filing Summary

AT&T Inc. director Michael B. McCallister reported an award of deferred stock units under the company’s Non-Employee Director Stock and Deferral Plan. On 01/30/2026, an indirect acquisition of 1,618.0188 deferred stock units at $26.21 per unit was reported through a benefit plan, bringing his total deferred stock units held indirectly via the plan to 154,440.6192.

The filing also shows indirect holdings of 62,076 shares of AT&T common stock held by a family trust and 7,000 shares held by a trust. Each deferred stock unit will be settled in cash equal to the value of one AT&T share after he ceases to be a director, at times he has elected.

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

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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 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								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)	01/30/2026		A		1,618.0188		(1)	(1)	Common Stock	1,618.0188	$26.21	154,440.6192	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.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

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

AT&T reported that director Michael B. McCallister indirectly acquired 1,618.0188 deferred stock units on 01/30/2026. These units were granted under the Non-Employee Director Stock and Deferral Plan and are part of his board compensation rather than an open-market purchase or sale.

How many deferred stock units does Michael B. McCallister now hold for AT&T (T)?

After the 01/30/2026 award, Michael B. McCallister beneficially owns 154,440.6192 deferred stock units indirectly through a benefit plan. Each unit represents the value of one share of AT&T common stock, to be paid in cash after he leaves the board.

At what reference price were the new AT&T (T) deferred stock units recorded?

The 1,618.0188 deferred stock units for Michael B. McCallister were recorded at a reference price of $26.21 per unit. This price is used for reporting purposes within the Form 4 and reflects the value assigned on the grant date.

How are Michael B. McCallister’s AT&T (T) deferred stock units settled?

The deferred stock units are settled in cash after McCallister ceases to be an AT&T director. Each unit pays cash equal to the value of one share of AT&T common stock, at distribution times he previously elected under the director deferral plan.

What indirect common stock holdings in AT&T (T) are reported for Michael B. McCallister?

The filing reports 62,076 AT&T common shares held indirectly by a family trust and 7,000 shares held indirectly by a trust. These positions are reported as beneficial holdings rather than new transactions, reflecting stock already owned through those entities.

Is the AT&T (T) Form 4 for Michael B. McCallister a stock sale?

No, the Form 4 reports an indirect acquisition of deferred stock units as director compensation, not a sale of AT&T shares. The filing also lists existing indirect common stock holdings in trusts, with no reported open-market buying or selling activity on the transaction date.