OFF GEORGE W 4

What Happened

• George W. Off, a director of Telephone & Data Systems, received an award of 2,905 common shares on 2026-05-21.
• The shares were granted at a reported price of $41.20 per share, for a total value of $119,686. This transaction is coded as an acquisition/award (A) — a compensation grant rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-05-21 at $41.20 per share.
• Total shares acquired: 2,905; total reported value: $119,686.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnote: Shares were acquired pursuant to a compensation plan for non-employee directors (footnote F1).
• Filing date: 2026-05-26. Given the Memorial Day holiday, the Form 4 appears to have been filed within the SEC’s two business-day reporting window.

Context

• This was a compensation award to a non-employee director (routine director pay), not an open-market buy or sale. Such grants are common for board members and do not by themselves indicate the director is buying or selling based on a change in view of the company.
• Transaction type code A = award/grant (acquisition through compensation plan), so no exercise/sale mechanics apply.