Leroy T Jr Carlson - Mar 7, 2025 Form 4 Insider Report for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)

Role
Vice Chair, Director
Signature
Julie D. Mathews, by power of atty
Stock symbol
TDS
Transactions as of
Mar 7, 2025
Transactions value $
-$642,215
Form type
4
Date filed
3/10/2025, 07:20 PM
Previous filing
Feb 25, 2025
Next filing
Mar 13, 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 $6.91M +236K +180.49% $29.26 367K Mar 7, 2025 Direct F1
transaction TDS Common Shares Tax liability -$7.55M -213K -58.13% $35.40 154K Mar 7, 2025 Direct F2
holding TDS Common Shares 473K Mar 7, 2025 By Trust
holding TDS Common Shares 106K Mar 7, 2025 By Wife's Trust
holding TDS Common 78.9K Mar 7, 2025 By Trust
holding TDS Common Shares 212K Mar 7, 2025 By Trust
holding TDS Common Shares 1.81M Mar 7, 2025 By Voting Trust F3

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 Award +5.85K +11.36% 57.4K Mar 7, 2025 Common Shares 5.85K Direct F4
transaction TDS Option (Right to Buy) Options Exercise -236K -100% 0 Mar 7, 2025 Common Shares 236K $29.26 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted on May 11, 2015, under the 2011 Long Term Incentive Plan. Stock options vested on the third annual anniversary of the grant date.
F2 Reporting person exercised options and withheld 195,149 Common Shares to pay for the strike price and withheld 18,142 Common Shares to pay for taxes.
F3 Reporting person is a member of a trust which separately files on Form 4 for the issuer. The Common Shares reported are held by reporting person and his family members that have a pecuniary interest in such securities. Includes 693,620 Common Shares held by a family partnership of which reporting person is a general partner.
F4 Reporting person deferred a portion of his bonus into TDS Common Shares pursuant to the Long Term Incentive Plan. Reporting person is 100% vested in all bonus amounts and receives an employer match that vests ratably at 33%, 33% and 34% per year over a 3 year period. A total of 54,538 are vested.