AT&T Director Stephen J. Luczo Receives Deferred Stock Units

Executive Summary

On November 3, 2026, AT&T Inc. (NYSE: T) filed a Form 4 disclosing that Director Stephen J. Luczo acquired 1,885.3953 Deferred Stock Units (DSUs) on October 30, 2026. The transaction was valued at $21.41 per share, totaling approximately $40,366.31.

Transaction Details

• Security: Deferred Stock Units
• Transaction Code: A (Grant/award pursuant to Rule 16b-3(d))
• Amount: 1,885.3953 units
• Price: $21.41 per unit
• Total Value: $40,366.31
• Nature of Ownership: Indirect (held by Benefit Plan)
• Post-Transaction Benefit Plan Balance: 147,349.588 units

Additional Ownership

Mr. Luczo also indirectly holds common stock via family trusts:

• 167,000 shares held by Family Trust
• 395,500 shares held by Trust Total indirect common stock holdings stand at 562,500 shares.

Market Impact & Significance

This filing reflects routine compensation under the AT&T Inc. Non-Employee Director Stock and Deferral Plan, where units are paid out in cash equivalent to common stock after the director departs. Because this is an automated plan-based award rather than an open-market purchase or sale, it carries Low trading significance.