William E. Kennard - May 31, 2022 Form 4 Insider Report for AT&T INC. (T)

Role
Director
Signature
/s/ Starlene Meyerkord, Attorney-in-fact
Stock symbol
T
Transactions as of
May 31, 2022
Transactions value $
$499,205
Form type
4
Date filed
6/2/2022, 06:46 PM
Previous filing
May 20, 2022
Next filing
Jun 3, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction T Deferred Stock Units Award $499K +23.4K +42.6% $21.29 78.5K May 31, 2022 Common Stock 23.4K By Benefit Plan F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Deferred stock units acquired pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan. 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.
F2 Reflects an anti-dilution adjustment made in connection with the WarnerMedia/Discovery transaction pursuant to the terms of the plan.