Ubinas Luis A 4

What Happened
Luis A. Ubinas, a director of AT&T Inc. (T), was granted 667.712 deferred stock units on April 30, 2026. The units are reported at $26.13 each for a total reported value of approximately $17,447. This transaction is an award (transaction code A) of derivative units under the company’s director compensation plan, not an open‑market purchase or sale of common shares.

Key Details

• Transaction date: 2026-04-30; filing date: 2026-05-04 (filed within the usual 2 business‑day Form 4 window).
• Amount: 667.712 deferred stock units; reported price: $26.13 per unit; reported aggregate value: $17,447.
• Post‑transaction shares owned: not specified in the reported data.
• Footnote: Units were acquired pursuant to the AT&T Inc. Non‑Employee Director Stock and Deferral Plan; after the reporting person ceases to be a director, each unit is paid out in cash equal to the value of one share at times elected by the director.
• Transaction type: Derivative award (deferred stock units), not an immediate equity purchase.

Context
Deferred stock units for non‑employee directors are routine compensation and represent a future cash payout tied to AT&T’s share price when paid out; they do not represent newly purchased, outstanding common shares immediately tradable by the director. These awards are generally considered compensation rather than a direct trading signal.