AT&T Director William E. Kennard Receives Award of 1,727 Units

What Happened William E. Kennard, a director of AT&T Inc. (T), was granted 1,727.763 deferred stock units (DSUs) on July 31, 2026. The units were recorded at $23.25 each for a total value of $40,170. This transaction is an award (derivative grant) under the company’s non‑employee director compensation plan, not an open‑market purchase or sale.

Key Details

• Transaction date and terms: July 31, 2026 — 1,727.763 DSUs @ $23.25, total $40,170.
• Instrument: Deferred stock units (derivative award), not immediate shares.
• Shares owned after transaction: not specified in the filing.
• Footnote: DSUs were issued under the AT&T Inc. Non‑Employee Director Stock and Deferral Plan; after Kennard ceases to be a director each unit is paid out in cash equal to the value of one share at times he elects.
• Filing: Form 4 filed Aug 4, 2026 (four days after the transaction); Form 4s are generally required within two business days, so this filing appears later than the typical deadline.

Context: Deferred stock units are common director compensation that convert to cash based on AT&T’s share price after the director leaves the board (per the plan). Because these are deferred compensation awards and will be paid in cash later, they are routine and do not represent an immediate buy or sell signal for the stock.