Kennard William E 4

What Happened
William E. Kennard, a non-employee director of AT&T Inc. (T), was granted 9,274.194 deferred stock units on May 29, 2026. The units were valued at $24.80 each for a total of $230,000. This transaction is reported as an award/grant (transaction code A) and represents deferred compensation rather than an open-market purchase of common shares.

Key Details

• Transaction date: 2026-05-29; Filing date: 2026-06-02 (timely filing).
• Units granted: 9,274.194 deferred stock units (derivative) at $24.80 per unit; total value ≈ $230,000.
• Transaction type/code: A = Award/Grant (derivative security).
• Shares/units held after transaction: Not specified in this Form 4 filing.
• Footnote: Units were issued under the AT&T Inc. Non-Employee Director Stock and Deferral Plan. After Kennard 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 (DSUs) are a form of compensation for non-employee directors and are paid out later (here, in cash tied to AT&T share value). Because these are compensation awards and will be settled in cash after service, they are routine and do not necessarily indicate a personal buy/sell signal about the insider’s view of the stock.