Form 4 for AD ARRAY DIGITAL INFRASTRUCTURE, INC.
Accepted 2025-04-07 00:00:00 ET · period of report 2025-04-03 · accession 0001120437-25-000064 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-04-07 | 2025-04-03+ | AD | IRIZARRY MICHAEL | EVP-CTO, Dir | M - OptEx | — | +66.9K | 73.7K | +994% | — |
| DM | 2025-04-07 | 2025-04-03+ | AD | IRIZARRY MICHAEL | EVP-CTO, Dir | F - Tax | $65.40 | -29.7K | 96.4K | -24% | -$1.94M |
| DM | 2025-04-07 | 2025-04-03+ | AD | IRIZARRY MICHAEL | EVP-CTO, Dir | M - OptEx | — | -66.9K | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares | 2025-04-04 | M | A | 27,419 | — | 94,643 | D | — | — | (F3) On April 4, 2022, these restricted stock units were awarded under the United States Cellular Corporation Long-Term Incentive Plan. These restricted stock units vest on the third anniversary of the transaction date and are now vested. |
| 2 | Common | Common Shares | 2025-04-04 | F | D | 12,147 | $64.48 | 82,496 | D | — | — | |
| 3 | Common | Common Shares | 2025-04-04 | M | A | 24,952 | — | 107,448 | D | — | — | (F4) On April 4, 2022 reporting person was granted an award based on achievement of certain performance measures and, effective November 27, 2023, the award was adjusted by the Long-Term Incentive Compensation Committee (LTICC) to provide for a payout at no less than 75% of the target opportunity of such award. Based on company performance at December 31, 2024, the LTICC certified on February 19, 2025 that the reporting person was entitled to 91% of his target opportunity. Performance share units are now vested. |
| 4 | Common | Common Shares | 2025-04-03 | F | D | 6,458 | $68.71 | 67,224 | D | — | — | |
| 5 | Common | Common Shares | 2025-04-03 | M | A | 14,577 | — | 73,682 | D | — | — | (F1) On April 3, 2023, reporting person was granted Restricted Stock Units (RSUs) under the United States Cellular Corporation Long-Term Incentive Plan. RSUs vest one-third each year on the first, second and third anniversaries of the grant date. This transaction represents settlement of the second vesting. |
| 6 | Common | Common Shares | 2025-04-04 | F | D | 11,055 | $64.48 | 96,393 | D | — | — | |
| 7 | Derivative | Restricted Stock Units | 2025-04-03 | M | D | 14,577 | — | 14,577 | D | — · — to — | 14,577 Common Shares | (F1) On April 3, 2023, reporting person was granted Restricted Stock Units (RSUs) under the United States Cellular Corporation Long-Term Incentive Plan. RSUs vest one-third each year on the first, second and third anniversaries of the grant date. This transaction represents settlement of the second vesting. |
| 8 | Derivative | Performance Share Units | 2025-04-04 | M | D | 24,952 | — | 0 | D | — · — to — | 24,952 Common Shares | (F4) On April 4, 2022 reporting person was granted an award based on achievement of certain performance measures and, effective November 27, 2023, the award was adjusted by the Long-Term Incentive Compensation Committee (LTICC) to provide for a payout at no less than 75% of the target opportunity of such award. Based on company performance at December 31, 2024, the LTICC certified on February 19, 2025 that the reporting person was entitled to 91% of his target opportunity. Performance share units are now vested. |
| 9 | Derivative | Restricted Stock Units | 2025-04-04 | M | D | 27,419 | — | 0 | D | $0.00 · — to — | 27,419 Common Shares | (F3) On April 4, 2022, these restricted stock units were awarded under the United States Cellular Corporation Long-Term Incentive Plan. These restricted stock units vest on the third anniversary of the transaction date and are now vested. |