TDS Vice Chair Leroy T. Carlson Jr. Receives Award of 3,480 Shares

What Happened Leroy T. Carlson Jr., Vice Chair and director of Telephone & Data Systems, Inc. (TDS), received an award/acquisition of 3,480 shares (reported as a derivative grant) on 2026-03-13. The filing lists no per-share price or total cash value for this grant (N/A), indicating the shares were issued as part of compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-17 (appears timely — within the 2-business-day SEC filing window).
• Transaction type/code: A (Award/Grant/Other acquisition); 3,480 shares acquired; price/value reported as N/A.
• Shares/units reported as vested after transaction: filing notes a total of 58,745 vested units, which includes 14,684 dividend equivalent units (per footnote).
• Footnote: Carlson deferred a portion of his bonus into TDS stock under the Long Term Incentive Plan. He is 100% vested in bonus amounts; an employer match vests ratably at 33%, 33% and 34% over three years.
• This was a compensation award (derivative grant), not a market buy or sale.

Context Derivative awards or deferred-compensation grants are routine insider compensation and do not reflect an open-market purchase decision. The filing’s footnote clarifies this award is tied to Carlson’s deferred bonus and the company’s LTIP matching schedule rather than a discretionary stock purchase or sale.