Anita J. Kroll - Feb 21, 2025 Form 4 Insider Report for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)

Signature
Julie D. Mathews, by power of atty
Stock symbol
TDS
Transactions as of
Feb 21, 2025
Transactions value $
-$76,224
Form type
4
Date filed
2/25/2025, 04:28 PM
Previous filing
Jun 13, 2024
Next filing
Mar 13, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDS Common Shares Award +5.79K +34.49% 22.6K Feb 21, 2025 Direct F1
transaction TDS Common Shares Tax liability -$76.2K -2.01K -8.89% $37.96 20.6K Feb 21, 2025 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 18, 2022, the reporting person was granted financial-based performance share units that would be measured over a three year time period. The payout could be increased to 200% of target or reduced to 0% based on achievement of the key metrics. The performance share units have been accumulating quarterly dividend equivalents. Based on company performance over the three year period ending on December 31, 2024, the Compensation Human Resources Committee certified on February 21, 2025 that the reporting person was entitled to 85.0% of his target opportunity. The Performance Shares were certified and are now adjusted for performance and vested immediately on February 21, 2025. Each performance share unit represents the contingent right to receive one common share.
F2 Shares withheld to pay taxes