LUCZO STEPHEN J 4

What Happened Stephen J. Luczo, a non-employee director of AT&T Inc. (T), was granted 1,323.922 deferred stock units (derivative award) on January 30, 2026. The units were valued at $26.21 each for a total grant value of $34,700. This was an award/grant (transaction code A) under AT&T’s director compensation plan, not a market purchase or sale.

Key Details

• Transaction date and price: 2026-01-30; 1,323.922 units @ $26.21 each; total $34,700.
• Filing date: Form 4 filed 2026-02-03 (covers the Jan 30 transaction). No late-filing flag indicated in the report.
• Shares/units owned after transaction: Not specified in the reported Form 4 provided.
• Footnote: Units were granted pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan (see F1). These are deferred stock units (DSUs) and are recorded as derivative securities on the Form 4.

Context These are deferred stock units granted as part of routine director compensation. Per the filing footnote, each DSU will be paid out in cash equal to the value of one share of AT&T common stock at times elected by the director (typically paid after leaving the board). Because this is a compensation grant (derivative award) rather than an open-market purchase or sale, it should be viewed as routine director pay and not a direct signal of the director’s short-term view on the stock.