AT&T Inc. director Fazal F. Merchant filed a Form 4 on November 3, 2026, disclosing the acquisition of 138.7882 deferred stock units in AT&T Inc. (NYSE:T) on October 30, 2026, under the company's Non-Employee Director Stock and Deferral Plan.

Key Highlights

  • Reporting person: Fazal F. Merchant, identified as a director of AT&T Inc.
  • Transaction date: October 30, 2026, with the form filed November 3, 2026.
  • Securities acquired: 138.7882 deferred stock units, coded as an acquisition (A) under derivative securities.
  • Price per unit: $21.41, referencing the underlying AT&T common stock value.
  • Total deferred stock units held after transaction: 10,846.7378, held indirectly by benefit plan.
  • Plan basis: Units acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan.

Merchant's Deferred Stock Unit Acquisition Under AT&T Director Plan

According to the filing, Fazal F. Merchant, a director of AT&T Inc. (NYSE:T), acquired 138.7882 deferred stock units on October 30, 2026. The filing identifies these units as derivative securities acquired under the AT&T Inc. Non-Employee Director Stock and Deferral Plan, with an acquisition transaction code of "A." The price associated with the transaction is listed as $21.41, corresponding to the underlying AT&T common stock.

The filing explains the nature of the deferred stock units: "After the reporting person ceases to be 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 units carry no fixed exercise date or expiration date as described in the filing. Following this transaction, Merchant's total beneficial ownership of deferred stock units stands at 10,846.7378, held indirectly through a benefit plan. Ownership is reported as indirect, with the nature of indirect beneficial ownership listed as "By Benefit Plan."

The form was signed by Johnell C. Holland as attorney-in-fact on November 3, 2026. No transactions were reported in Table I covering non-derivative securities. No amendment date was listed, indicating this is an original filing.

What Was Disclosed

Director Fazal F. Merchant reported the acquisition of 138.7882 deferred stock units in AT&T Inc. on October 30, 2026, at $21.41 per underlying share, bringing his total indirect deferred stock unit holdings to 10,846.7378 under the company's Non-Employee Director Stock and Deferral Plan.