Director William E. Kennard filed a statement of changes in beneficial ownership with the U.S. Securities and Exchange Commission on November 3, 2026, disclosing an acquisition of deferred stock units in AT&T Inc. on October 30, 2026.

Key Highlights

  • Reporting person: William E. Kennard, listed as a Director of AT&T Inc. (NYSE:T)
  • Security acquired: 1,898.6428 Deferred Stock Units (DSUs) in Table II as derivative securities
  • Transaction date: October 30, 2026, with a price per unit of $21.41
  • Post-transaction holdings: 148,384.9176 DSUs held indirectly through a benefit plan following the reported transaction
  • Transaction code: A (acquisition), pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan
  • Cash settlement terms: Each unit is paid out in cash equal to the value of one share of AT&T common stock after Kennard ceases to be a director, at times elected by the director

Kennard's DSU Acquisition Under AT&T's Non-Employee Director Deferral Plan

According to the filing, William E. Kennard, a director of AT&T Inc., acquired 1,898.6428 deferred stock units on October 30, 2026, at a price of $21.41 per unit. The acquisition was coded as an "A" transaction, indicating units were acquired rather than disposed of. The units are held indirectly through a benefit plan arrangement, as indicated in the ownership form column of the filing.

The filing's explanation of responses states that the deferred stock units were "acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan." AT&T Inc. is a telecommunications company listed on the New York Stock Exchange under the ticker symbol T. The DSU plan is a compensation mechanism available to non-employee directors, and the underlying security referenced in Table II is AT&T common stock. Following this transaction, Kennard's total indirect beneficial ownership of DSUs stands at 148,384.9176 units, according to the filing.

The filing further discloses that after Kennard ceases to serve as a director, "each unit is paid out in cash equal to the value of one share of AT&T common stock at times elected by the director." The filing was signed by Johnell C. Holland as attorney-in-fact on November 3, 2026, and no amendments to a prior filing are indicated.

What Was Disclosed

Director William E. Kennard reported acquiring 1,898.6428 AT&T deferred stock units on October 30, 2026, at $21.41 per unit under the company's Non-Employee Director Stock and Deferral Plan, bringing his total indirect DSU holdings to 148,384.9176 units.