TAYLOR CINDY B 4

What Happened

• Cindy B. Taylor, a director of AT&T Inc. (T), was granted 8,695.652 deferred stock units on 2026-06-30. The award is reported as a derivative acquisition (code A) with a per-unit value of $20.70, totaling $180,000.

Key Details

• Transaction date: 2026-06-30; reported on Form 4 filed 2026-07-02 (filed within the typical 2-business-day window).
• Award: 8,695.652 deferred stock units at $20.70 per unit; total value $180,000.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes from the filing:
  • F2: These are deferred stock units under the AT&T Inc. Non-Employee Director Stock and Deferral Plan; after the director leaves the board each unit is paid in cash equal to the value of one AT&T common share at payout times elected by the director.
  • F1: Notes each depositary share represents a 1/1,000th interest in a share of 4.750% Perpetual Preferred Stock, Series C (included in the filing footnotes).

Context

• This was an award of deferred units (not an open-market purchase of common shares). DSUs are typically compensation for non-employee directors and will be paid in cash based on future AT&T common share value, so the grant does not represent immediate common-share ownership or a direct bullish purchase.