MCCALLISTER MICHAEL B 4

What Happened
Michael B. McCallister, a director of AT&T Inc. (T), was granted 1,618.019 deferred stock units (DSUs) on January 30, 2026. The grant is reported as an award/acquisition at an attributed price of $26.21 per unit, with a total value of approximately $42,408. This was an award under AT&T’s Non-Employee Director Stock and Deferral Plan (a grant, not an open-market purchase).

Key Details

• Transaction date: 2026-01-30; reported on Form 4 filed 2026-02-03 (timely; filed within required 2 business days).
• Security/amount: 1,618.019 deferred stock units at $26.21/unit; total value ≈ $42,408. (Transaction code A = award/acquisition.)
• Shares/units owned after transaction: not specified in this Form 4.
• Footnote: DSUs were acquired pursuant to the AT&T Non-Employee Director Stock and Deferral Plan. After McCallister 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 elects.

Context
Deferred stock units are a form of compensation for non-employee directors and represent a future cash payout tied to AT&T’s share price rather than immediate ownership of shares. Such grants are routine for board members and do not by themselves indicate a personal buy or sell decision in the open market.