Form 4 for TDS TELEPHONE & DATA SYSTEMS INC /DE/
Accepted 2025-05-22 00:00:00 ET · period of report 2025-05-21 · accession 0001120437-25-000106 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-05-22 | 2025-05-22 | TDS | CARLSON WALTER CD | Pres, CEO, Dir | A - Grant | $33.83 | +2,479 | 220.6K | +1% | +$83.9K |
| DM | 2025-05-22 | 2025-05-21 | TDS | CARLSON WALTER CD | Pres, CEO, Dir | A - Grant | — | +48.5K | 12.7K | New | — |
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 | 2025-05-22 | A | A | 2,479 | $33.83 | 220,626 | D | — | — | (F1) Shares acquired pursuant to a compensation plant for non-employee directors. Reporting person was a non-employee director through January 31, 2025. |
| 2 | Derivative | Restricted Stock Units | 2025-05-21 | A | A | 35,715 | — | 35,715 | D | — · — to — | 35,715 Common Shares | (F2) Restricted stock units awarded pursuant to the 2022 Long Term Incentive Plan. One-third of the restricted stock units will vest on the first, second and third annual anniversaries of the Grant Date. |
| 3 | Derivative | Performance Share Units | 2025-05-21 | A | A | 12,736 | — | 12,736 | D | — · — to — | 12,736 Common Shares | (F3) On May 21, 2025, the reporting person was granted financial-based performance share units based on the performance of three key metrics. One of the three performance metrics, representing 32% of the total award, is based on UScellular performance and has a 75% floor, which can be increased to 100% if the announced UScellular transaction with T-Mobile closes in 2025. Accordingly, this Form 4 reports the number of performance share units issuable under the 75% floor, which is 24% of the target award. Another Form 4 would be filed to reflect an increase in the floor to the extent the UScellular transaction with T-Mobile closes in 2025. Performance share units accumulate dividend equivalents (in the form of additional performance share units) which are forfeitable if the performance metrics are not achieved. |