Leroy T Jr Carlson - Jan 6, 2025 Form 4 Insider Report for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)

Role
President and CEO, Director
Signature
Julie D. Mathews, by power of atty
Stock symbol
TDS
Transactions as of
Jan 6, 2025
Transactions value $
-$130,911
Form type
4
Date filed
1/7/2025, 04:22 PM
Previous filing
Aug 9, 2024
Next filing
Feb 25, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDS Common Shares Options Exercise $0 +14.6K $0.00 14.6K Jan 6, 2025 Direct F1
transaction TDS Common Shares Tax liability -$131K -3.94K -26.95% $33.26 10.7K Jan 6, 2025 Direct F2
holding TDS Common Shares 473K Jan 6, 2025 By Trust
holding TDS Common Shares 212K Jan 6, 2025 By trust
holding TDS Common 78.9K Jan 6, 2025 By Trust
holding TDS Common Shares 106K Jan 6, 2025 By Wife's Trust

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 TDS Deferred Compensation Options Exercise $0 -14.6K -22.08% $0.00 51.5K Jan 6, 2025 Common Shares 14.6K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Payout of deferred bonus. Reporting person deferred a portion of his 2021 bonus pursuant the TDS Long-Term Incentive Plan. The deferred bonus has been invested in phantom stock now representing Common Shares, including dividend reinvestment. The price on January 6, 2025 was used to determine the payout for the deferred bonus shares. A total of 49,857 Common Shares are vested.
F2 Withholding of common shares as settlement for taxes due in connection with settlement of the deferred compensation payout.