Kennard William E 4

What Happened

• William Kennard, a non-employee director of AT&T Inc. (T), was granted 1,423.721 deferred stock units on 2026-04-30. The units were recorded at $26.13 each for a total reported value of $37,202. The transaction is coded as an award/grant (A) and reported as a derivative.

Key Details

• Transaction date: 2026-04-30; Filing date: 2026-05-04 (appears timely under the 2-business-day Form 4 rule).
• Price/value: $26.13 per unit; total value $37,202.
• Shares/units acquired: 1,423.721 deferred stock units.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: Units were granted under the AT&T Inc. Non-Employee Director Stock and Deferral Plan. After Kennard leaves the board, each unit will be paid out in cash equal to the value of one AT&T share at payout times elected by the director.
• Transaction type: Award/grant of deferred stock units (derivative), not an open-market purchase or sale.

Context

• These deferred stock units are director compensation that convert to cash later (not immediate stock ownership). Such awards are routine for non-employee directors and represent compensation rather than a market purchase or sale.