TAYLOR CINDY B 4

What Happened

• Cindy B. Taylor, a director of AT&T Inc. (T), was granted 2,159.242 deferred stock units (reported as a derivative award) on 2026-04-30. The units were recorded at $26.13 each for a total reported value of $56,421. This was an award/compensation grant, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-04-30; Filing date: 2026-05-04 (file appears timely under the Form 4 two business‑day rule).
• Instrument and value: 2,159.242 deferred stock units @ $26.13 = $56,421 (transaction code A = award/acquisition; reported as a derivative).
• Shares owned after transaction: Not disclosed in the provided filing.
• Relevant footnotes:
  • F2: 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 common share at payout times elected by the director.
  • F1: Notes that some depositary shares represent 1/1,000th interests in a Series C perpetual preferred share (pertains to depositary/preferred share reporting, not the DSU award itself).

Context

• This transaction is routine director compensation (deferred stock units) and should be read as compensation rather than an outright purchase or sale indicating market sentiment. The units are settled in cash after the director leaves board service per the plan terms.