AT&T (NYSE: T) director Cindy Taylor awarded 2,130 deferred stock units

Rhea-AI Filing Summary

AT&T Inc. director Cindy B. Taylor reported an award of deferred stock units under the company’s Non-Employee Director Stock and Deferral Plan. On 01/30/2026 she acquired 2,130.0991 deferred stock units at $26.21 per unit, credited indirectly through a benefit plan.

Each deferred stock unit tracks the value of one share of AT&T common stock and will be paid in cash after she ceases to be a director, at times she elected. Following this award, she indirectly holds 203,318.9228 deferred stock units, and directly holds 5,718 shares of AT&T common stock and 320 Depositary Shares of 4.750% Perpetual Preferred Stock, Series C, each representing a 1/1,000th interest in a preferred share.

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^*

TAYLOR CINDY B

(Last) (First) (Middle)

208 S. AKARD

(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								5,718	D
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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock Units	(2)	01/30/2026		A		2,130.0991		(2)	(2)	Common Stock	2,130.0991	$26.21	203,318.9228	I	By Benefit Plan

Explanation of Responses:

1. Each Depository 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-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 Cindy B. Taylor report?

Cindy B. Taylor reported receiving 2,130.0991 deferred stock units on 01/30/2026. These units were granted under AT&T’s Non-Employee Director Stock and Deferral Plan and are credited indirectly through a benefit plan rather than as immediately tradable common stock.

At what price were Cindy B. Taylor’s AT&T deferred stock units credited?

The deferred stock units were credited at $26.21 per unit. This price is used to calculate the number of units awarded under AT&T’s Non-Employee Director Stock and Deferral Plan, which tracks the value of AT&T common stock for non-employee directors.

How many AT&T deferred stock units does Cindy B. Taylor hold after this Form 4?

After the 01/30/2026 award, Cindy B. Taylor indirectly holds 203,318.9228 deferred stock units. These units are held through a benefit plan and will be settled in cash based on AT&T’s common stock value after she ceases serving as a director.

Does Cindy B. Taylor directly own AT&T common stock according to this filing?

Yes. The filing shows she directly owns 5,718 shares of AT&T common stock. This direct holding is separate from her 203,318.9228 deferred stock units, which are classified as an indirect interest through a benefit plan for non-employee directors.

What AT&T preferred security does Cindy B. Taylor hold and in what amount?

Cindy B. Taylor directly holds 320 Depositary Shares of AT&T’s 4.750% Perpetual Preferred Stock, Series C. Each Depositary Share represents a 1/1,000th interest in one share of the underlying preferred stock, providing a small preferred equity position.

How and when are Cindy B. Taylor’s AT&T deferred stock units paid out?

Her deferred stock units are paid in cash after she ceases to be a director. Each unit is settled for the cash value of one AT&T common share, at times she previously elected under the Non-Employee Director Stock and Deferral Plan.