Butman James W 4
4 · TELEPHONE & DATA SYSTEMS INC /DE/ · Filed May 20, 2025
Insider Transaction Report
Form 4
Butman James W
DirectorPresident & CEO of subsidiary
Transactions
- Exercise/Conversion
Restricted Stock Units
2025-05-18−45,498→ 0 total→ Common Shares (45,498 underlying) - Exercise/Conversion
Common Shares
2025-05-17+57,362→ 291,528 total - Tax Payment
Common Shares
2025-05-17$34.93/sh−25,613$894,662→ 265,915 total - Tax Payment
Common Shares
2025-05-18$34.93/sh−20,315$709,603→ 291,098 total - Exercise/Conversion
Restricted Stock Units
2025-05-17−57,362→ 57,362 total→ Common Shares (57,362 underlying) - Exercise/Conversion
Common Shares
2025-05-18+45,498→ 311,413 total
Footnotes (5)
- [F1]Restricted stock units were awarded on May 17, 2023, pursuant to the 2022 Long Term Incentive Plan. One-third of the restricted stock units will vest on the first, second and third annual anniversaries of the Grant Date. This transaction represents settlement of the second vesting. Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
- [F2]Shares withheld to pay taxes on restricted stock units that vested on May 17, 2025.
- [F3]The market was closed on vest date therefore the previous trading day's close, May 16, 2025, was used to value the transaction.
- [F4]Restricted stock units awarded pursuant to the 2020 Long Term Incentive Plan. Restricted stock units became vested on May 18, 2025. Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
- [F5]Shares withheld to pay taxes on restricted stock units that vested on May 18, 2025.