TAYLOR CINDY B 4

What Happened

• Cindy B. Taylor, a director of AT&T Inc., received an award of 9,274.194 deferred stock units on 2026-05-29. The units were valued at $24.80 each, for a total grant value of $230,000. This transaction is coded as an award/acquisition (derivative) under the company’s director compensation plan — i.e., a routine compensation grant rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-29; Grant type: Award/Acquisition (code A, derivative).
• Price/value: $24.80 per unit; total grant value $230,000.
• Shares/units acquired: 9,274.194 deferred stock units.
• Shares owned after transaction: Not specified in the information provided in this summary.
• Filing date: 2026-06-02 (filed within the typical 2-business-day reporting window for Form 4).
• 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 times elected by the director.
  • F1: Separately defines a depositary share as a 1/1,000th interest in a share of AT&T’s 4.750% Perpetual Preferred Stock, Series C (included for completeness).

Context

• These deferred units are derivative compensation tied to AT&T common stock value but will be paid in cash at a later date per the deferral plan; they do not represent immediate common-stock ownership or an open-market purchase.
• Director grants like this are typically part of routine compensation and should not be interpreted as a direct bullish or bearish trade signal.