Grier Kelly J 4

What Happened

• Grier Kelly, a director of AT&T Inc. (T), was granted 58.498 deferred stock units on 2026-01-30. The units were valued at $26.21 each for a total reported value of about $1,533. This was an award/grant (transaction code A) of derivative units, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-30; filing date: 2026-02-03 (filed within the two-business-day Form 4 deadline).
• Price/value: $26.21 per unit; total value ≈ $1,533.
• Amount acquired: 58.498 deferred stock units (derivative instrument).
• Shares/units owned after transaction: not specified in the excerpted data.
• Footnote: Units were granted under the AT&T Inc. Non‑Employee Director Stock and Deferral Plan. After the reporting person stops being a director, each unit will be paid out in cash equal to the value of one share of AT&T common stock at times elected by the director.

Context

• Deferred stock units are a form of director compensation and represent a promise to pay cash based on AT&T share value after the director leaves the board (they are not immediate common shares). Such grants are routine and do not necessarily signal the director's view on the stock price.