Form 4 for AD ARRAY DIGITAL INFRASTRUCTURE, INC.
Accepted 2025-04-07 00:00:00 ET · period of report 2025-04-03 · accession 0001120437-25-000066 · 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 | Therivel Laurent C | Pres, CEO, Dir | M - OptEx | — | +178.1K | 206.6K | +625% | — |
| DM | 2025-04-07 | 2025-04-03+ | AD | Therivel Laurent C | Pres, CEO, Dir | F - Tax | $65.39 | -78.9K | 174.2K | -31% | -$5.16M |
| DM | 2025-04-07 | 2025-04-03+ | AD | Therivel Laurent C | Pres, CEO, Dir | M - OptEx | — | -178.1K | 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 | 2025-04-03 | M | A | 38,190 | — | 150,276 | 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. |
| 2 | Common | Common Shares | 2025-04-03 | F | D | 16,919 | $68.71 | 133,357 | D | — | — | |
| 3 | Common | Common Shares | 2025-04-04 | F | D | 29,529 | $64.48 | 211,283 | D | — | — | |
| 4 | Common | Common Shares | 2025-04-04 | F | D | 32,449 | $64.48 | 174,156 | D | — | — | |
| 5 | Common | Common Shares | 2025-04-04 | M | A | 66,656 | — | 240,812 | 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. |
| 6 | Common | Common Shares | 2025-04-04 | M | A | 73,248 | — | 206,605 | 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. |
| 7 | Derivative | Restricted Stock Units | 2025-04-03 | M | D | 38,190 | — | 38,190 | D | — · — to — | 38,190 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 Shares Units | 2025-04-04 | M | D | 66,656 | — | 0 | D | — · — to — | 66,656 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 | 73,248 | — | 0 | D | — · — to — | 73,248 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. |