AT&T director Fazal F. Merchant receives stock award

Q: How many deferred stock units did T director Fazal F. Merchant receive?

Fazal F. Merchant reported an award acquisition of 138.7882 deferred stock units on October 30, 2026. They were held indirectly through the Benefit Plan, and the reported post-transaction position was 10,846.7378 deferred stock units.

Each unit is paid in cash at the value of one AT&T common share after the director ceases to be a director, at times elected by the director.

Available on EDGAR 11/03/2026 - 05:05 PM EST Accepted by SEC EDGAR 11/03/2026 - 05:04 PM EST

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Rhea-AI Filing Summary

AT&T Inc. director Fazal F. Merchant reported an award acquisition of 138.7882 deferred stock units on October 30, 2026, under the AT&T Inc. Non-Employee Director Stock and Deferral Plan. The units were held indirectly through the Benefit Plan, and the reported post-transaction position was 10,846.7378 deferred stock units.

Insider Trade Summary

Grant/Award: 138.7882 shares

Grant/Award 1 txn

Insider Merchant Fazal F

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units ^F1	138.7882	$21.41	$3K

Holdings After Transaction: Deferred Stock Units — 10,846.7378 contracts (Indirect, By Benefit Plan)

Footnotes (1)

F1. 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.

Key Figures

Award acquisition: 138.7882 deferred stock units Reported per-share transaction price: $21.4100 per share Post-transaction position: 10,846.7378 deferred stock units

3 metrics

Award acquisition 138.7882 deferred stock units October 30, 2026

Reported per-share transaction price $21.4100 per share Reported with the award acquisition on October 30, 2026

Post-transaction position 10,846.7378 deferred stock units Reported after the October 30, 2026 transaction

Key Terms

Deferred Stock Units, Non-Employee Director Stock and Deferral Plan, paid out in cash

3 terms

Deferred Stock Units technical

"Deferred Stock Units acquired"

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.

Non-Employee Director Stock and Deferral Plan technical

"pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan"

paid out in cash financial

"each unit is paid out in cash equal to the value of one share"

FAQ

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How many deferred stock units did T director Fazal F. Merchant receive?

Fazal F. Merchant reported an award acquisition of 138.7882 deferred stock units on October 30, 2026. They were held indirectly through the Benefit Plan, and the reported post-transaction position was 10,846.7378 deferred stock units.

How are T's deferred stock units paid out?

After the reporting person ceases to be a director, each unit is paid out in cash equal to the value of one AT&T common share, at times elected by the director.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Merchant Fazal F

(Last)

(First)

(Middle)

208 S AKARD STREET

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/30/2026

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)

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)
Deferred Stock Units	⁽¹⁾	10/30/2026		A		138.7882		⁽¹⁾	⁽¹⁾	Common Stock	138.7882	$21.41	10,846.7378	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	11/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR