Ubinas Luis A 4

What Happened
Luis A. Ubinas, a non-employee director of AT&T Inc., was granted 9,274.194 deferred stock units (DSUs) on May 29, 2026. The units were valued at $24.80 each for a total grant value of $230,000. This transaction is an award/grant (transaction code A) reported as a derivative acquisition rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-29; reported on Form 4 filed 2026-06-02 (timely within the SEC two-business-day rule).
• Grant amount and price: 9,274.194 DSUs at $24.80 per unit; total value reported $230,000.
• Shares owned after transaction: not specified in the filing.
• Footnote: DSUs were granted under the AT&T Inc. 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 share of AT&T common stock at times elected by the director.

Context
This was a routine director compensation grant (deferred units), not a cash purchase or sale of common stock. DSUs are a form of deferred, equity-linked compensation and are typically paid in cash later; they do not represent immediate stock ownership or an immediate market buy/sell signal.