Is this AT&T (T) Form 4 a market purchase or a compensation-related award?

The reported 193.722 units are a compensation-related acquisition coded as a grant or award. They were obtained through a benefit plan with payroll deductions and partial company matching, not an open-market stock purchase.

AT&T (NYSE: T) SEVP gets 193.722 units, reports large trust stakes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

AT&T executive Lori M. Lee reported an acquisition of 193.722 deferred stock units of Common Stock at $28.99 per share through a benefit plan. These units, purchased via automatic payroll deductions with partial company matching, are settled 1-for-1 in AT&T stock.

After this grant, indirect holdings by the benefit plan totaled 8,478.541 shares. Additional indirect positions reported include 14,186.0965 shares held by a 401(k) account, 391,151 shares held by a 2024 Trust, and 190,818 shares held by a Joint Trust.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Lee Lori M

Role Global Mktg Ofr & SEVP Intl

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	193.722	$28.99	$6K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 8,478.541 shares (Indirect, By Benefit Plan)

Footnotes (1)

Represents deferred stock units purchased by the reporting person with automatic payroll deductions and partial company matching contributions. Deferred stock units are settled only in stock on a 1-for-1 basis. Based on a 401(k) plan statement dated 2/28/2026.

Key Figures

Deferred stock units granted: 193.722 units Reference price per share: $28.99 per share Benefit plan holdings after grant: 8,478.541 shares +3 more

6 metrics

Deferred stock units granted 193.722 units Grant on Common Stock via benefit plan

Reference price per share $28.99 per share Price associated with the 193.722-unit acquisition

Benefit plan holdings after grant 8,478.541 shares Indirect ownership by benefit plan following transaction

401(k) plan holdings 14,186.0965 shares Indirect 401(k) position based on 2/28/2026 statement

2024 Trust holdings 391,151 shares Indirect holdings reported as By 2024 Trust

Joint Trust holdings 190,818 shares Indirect holdings reported as By Joint Trust

Key Terms

deferred stock units, 401(k), benefit plan, trust

4 terms

deferred stock units financial

"Represents deferred stock units purchased by the reporting person with automatic payroll deductions"

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.

401(k) financial

"Based on a 401(k) plan statement dated 2/28/2026."

A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.

benefit plan financial

"nature_of_ownership": "By Benefit Plan""

trust financial

"nature_of_ownership": "By 2024 Trust""

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 05:00 PM

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

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^*

Lee Lori M

(Last)

(First)

(Middle)

208 S. AKARD ST.

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Global Mktg Ofr & SEVP Intl

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/31/2026		A⁽¹⁾		193.722	A	$28.99	8,478.541	I	By Benefit Plan
Common Stock								14,186.0965⁽²⁾	I	By 401(k)
Common Stock								391,151	I	By 2024 Trust
Common Stock								190,818	I	By Joint 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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents deferred stock units purchased by the reporting person with automatic payroll deductions and partial company matching contributions. Deferred stock units are settled only in stock on a 1-for-1 basis.

2. Based on a 401(k) plan statement dated 2/28/2026.

	/s/ Johnell C. Holland, Attorney-in-fact	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did AT&T (T) executive Lori M. Lee report in this Form 4?

Lori M. Lee reported receiving 193.722 deferred stock units of AT&T Common Stock at $28.99 per share. The award was acquired through a benefit plan using automatic payroll deductions and partial company matching contributions.

How are Lori M. Lee’s deferred stock units in AT&T (T) settled?

The deferred stock units are settled only in AT&T stock on a 1-for-1 basis. This means each unit will eventually convert into one share of Common Stock when distributed under the plan’s terms.

What indirect AT&T (T) holdings does the benefit plan report after this transaction?

Following the 193.722-unit acquisition, the benefit plan reports 8,478.541 shares indirectly held for Lori M. Lee. This figure reflects accumulated deferred stock units and related contributions within that specific benefit arrangement.

What AT&T (T) holdings are reported through Lori M. Lee’s 401(k) plan?

The filing shows 14,186.0965 AT&T shares held indirectly through a 401(k) account. This amount is based on a 401(k) plan statement dated February 28, 2026, and represents retirement-plan holdings rather than direct brokerage shares.

What trust holdings of AT&T (T) stock are associated with Lori M. Lee?

The report lists 391,151 AT&T shares held indirectly by a 2024 Trust and 190,818 shares held indirectly by a Joint Trust. These positions reflect trust-owned shares associated with Lori M. Lee, rather than directly owned personal shares.