AT&T Director Michael B. McCallister Acquires Deferred Stock Units

Executive Summary

On November 3, 2026, AT&T Inc. ($T) filed a Form 4 reporting an acquisition of deferred stock units by Director Michael B. McCallister. On October 30, 2026, McCallister acquired 2,168.7845 Deferred Stock Units at a price of $21.41 per share, representing an aggregate transaction value of approximately $46,433.68.

Transaction Details

• Security: Deferred Stock Units
• Transaction Code: 'A' (Grant, award, or other acquisition)
• Shares Acquired: 2,168.7845
• Price per Unit: $21.41
• Total Value: $46,433.68
• Ownership Nature: Indirect (held by Benefit Plan)
• Post-Transaction Balance: 169,497.3446 deferred stock units
• Existing Holdings: 62,076 shares of Common Stock held indirectly by Family Trust and 7,000 shares held indirectly by Trust.

Plan and Terms

Pursuant to footnote disclosure, the deferred stock units were granted under the AT&T Inc. Non-Employee Director Stock and Deferral Plan. Units are payable in cash equal to the value of common stock upon the director's cessation of service.

Market and Trading Significance

This transaction carries Low trading significance as it represents standard, non-discretionary director equity retainer/deferral compensation rather than an open-market purchase or sale.