AT&T (NYSE: T) director Kennard gains 1,404.5046 deferred stock units

Rhea-AI Filing Summary

AT&T Inc. director William E. Kennard reported receiving 1,404.5046 deferred stock units on January 30, 2026 at $26.21 per unit under the company’s Non-Employee Director Stock and Deferral Plan. Following this award, he indirectly holds 134,060.5979 deferred stock units through a benefit plan, to be paid in cash after his board service ends.

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

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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^*

Kennard William E

(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

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		1,404.5046		(1)	(1)	Common Stock	1,404.5046	$26.21	134,060.5979	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 insider transaction did William E. Kennard report at AT&T (T)?

William E. Kennard reported acquiring 1,404.5046 deferred stock units in AT&T Inc. under the Non-Employee Director Stock and Deferral Plan. The units are a form of deferred compensation linked to AT&T’s common stock value and are settled in cash after he leaves the board.

How many AT&T deferred stock units does William E. Kennard hold after this Form 4?

After the January 30, 2026 transaction, William E. Kennard beneficially owns 134,060.5979 deferred stock units indirectly through a benefit plan. These units track AT&T’s common stock value and represent deferred director compensation payable in cash once his board service ends.

What are AT&T deferred stock units reported by William E. Kennard?

AT&T deferred stock units are director compensation units that mirror the value of AT&T common stock. For Kennard, each unit will be paid in cash equal to one AT&T share’s value after he ceases to be a director, at times he previously elected.

At what price were William E. Kennard’s AT&T deferred stock units credited?

Kennard’s 1,404.5046 deferred stock units were credited at $26.21 per unit. This price determines how many units he received under AT&T’s Non-Employee Director Stock and Deferral Plan based on the dollar value of his deferred compensation for that grant.

How are William E. Kennard’s AT&T deferred stock units held and settled?

Kennard’s deferred stock units are held indirectly, noted as “By Benefit Plan” on the Form 4. 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 elected times.