AT&T (T) director gains 1,323.9222 deferred stock units via plan

Rhea-AI Filing Summary

AT&T Inc. director Stephen J. Luczo acquired 1,323.9222 deferred stock units on January 30, 2026 through the AT&T Non-Employee Director Stock and Deferral Plan at $26.21 per unit. These units are held indirectly via a benefit plan.

After he 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 he has elected. Following this transaction, he indirectly held 126,368.9709 deferred stock units, plus 167,000 AT&T common shares held by a family trust and 395,500 common shares held by another trust.

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^*

LUCZO STEPHEN J

(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								167,000	I	By Family Trust
Common Stock								395,500	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		1,323.9222		(1)	(1)	Common Stock	1,323.9222	$26.21	126,368.9709	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.
* 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 did AT&T (T) director Stephen J. Luczo report on this Form 4?

Stephen J. Luczo reported acquiring 1,323.9222 deferred stock units. The units were granted on January 30, 2026 under AT&T’s Non-Employee Director Stock and Deferral Plan at $26.21 per unit and are held indirectly through a benefit plan.

How do the AT&T (T) deferred stock units for Stephen J. Luczo pay out?

Each deferred stock unit pays out in cash after board service ends. Once Luczo ceases to be a director, each unit is settled in cash equal to the value of one AT&T common share, at times he previously elected.

How many AT&T (T) deferred stock units does Stephen J. Luczo now beneficially own?

Luczo beneficially owned 126,368.9709 deferred stock units after the grant. This total reflects the 1,323.9222 units acquired on January 30, 2026, all held indirectly through a benefit plan associated with his director compensation.

How are Stephen J. Luczo’s AT&T (T) deferred stock units held?

The deferred stock units are held indirectly through a benefit plan. The filing classifies ownership as indirect, noting that the units were acquired under AT&T’s Non-Employee Director Stock and Deferral Plan rather than as directly held common shares.

What AT&T (T) common stock holdings are reported for Stephen J. Luczo?

Luczo reports indirect holdings of AT&T common stock through trusts. The filing shows 167,000 shares held by a family trust and 395,500 shares held by another trust, in addition to his separate deferred stock unit holdings.

Does this AT&T (T) Form 4 show any stock sales by Stephen J. Luczo?

The Form 4 reports an acquisition, not a sale. It shows Luczo receiving 1,323.9222 deferred stock units as director compensation, while the common stock lines simply report existing indirect holdings in trusts without any sale transaction code.