AT&T Director Luis A. Ubinas Receives 869 Deferred Stock Units

What Happened

• Luis A. Ubinas, a director of AT&T Inc. (T), was granted 869.083 deferred stock units on July 31, 2026. The units were recorded at $23.25 each, for a total value of approximately $20,206. This was an award/deferral (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-31; grant price per unit: $23.25; total value: ~$20,206.
• Instrument: 869.083 deferred stock units (derivative award under AT&T’s Non‑Employee Director Stock and Deferral Plan).
• Shares owned after transaction: not specified in the provided filing summary.
• Filing: Form 4 filed 2026-08-04 (within the two-business-day SEC deadline for this transaction date).
• Footnote: Units are deferred stock units that, after the director leaves the board, will be paid out in cash equal to the value of AT&T common shares at payout times elected by the director.

Context

• Deferred stock units are a form of director compensation and do not represent immediate common stock ownership; they will be settled in cash later per the plan terms. Such awards are routine for non-employee directors and should not be read as a direct buy/sell signal.