Kennard William E 4

What Happened
William E. Kennard, a director of AT&T Inc., was awarded 1,404.505 deferred stock units on January 30, 2026. The units were recorded at a per‑unit value of $26.21 for a total notional value of $36,812. This filing reports an award (transaction code A) of derivative units rather than an open‑market purchase or sale of common stock.

Key Details

• Transaction date: 2026-01-30; filing date (Form 4): 2026-02-03.
• Units awarded: 1,404.505 deferred stock units; per‑unit value: $26.21; total notional value: $36,812.
• Shares/units owned after transaction: not specified in the provided filing summary.
• Footnote: Units were granted under the AT&T Inc. Non‑Employee Director Stock and Deferral Plan. After Kennard 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 elected.
• Transaction type: Award of deferred stock units (derivative), not an immediate equity purchase or sale.

Context
Deferred stock units are a form of compensation that pay out later (here, in cash tied to AT&T share value) and do not represent immediate voting shares or market purchases/sales. Such awards are routine for non‑employee directors as part of board compensation and should be interpreted as compensation reporting rather than a direct bullish or bearish trade. Check the EDGAR filing for any timeliness flags if you need confirmation of filing punctuality.