Ubinas Luis A 4

What Happened

• Luis A. Ubinas, a non-employee director of AT&T Inc. (T), received an award of 658.7 deferred stock units on 2026-01-30. The units were recorded at $26.21 each for a total value of $17,265. This was a grant (award), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-01-30; 658.7 units @ $26.21 per unit.
• Total value reported: $17,265.
• Shares/units owned after transaction: not specified in the filing.
• Filing date: 2026-02-03 — filed within the standard Form 4 timeframe (timely).
• Footnote: Units are deferred stock units under the AT&T Non-Employee Director Stock and Deferral Plan; after the director leaves the board each unit is paid out in cash equal to the value of one AT&T share at times elected by the director.

Context

• These deferred stock units are a routine form of director compensation and represent a grant of a derivative (deferred) interest, not currently outstanding common shares. They will be settled in cash after the director leaves the board per the plan terms. Such awards are common and do not by themselves signal insider buying or selling intent.