CARLSON WALTER CD 4
4 · TELEPHONE & DATA SYSTEMS INC /DE/ · Filed May 22, 2025
Insider Transaction Report
Form 4
CARLSON WALTER CD
Director
Transactions
- Award
Restricted Stock Units
2025-05-21+35,715→ 35,715 total→ Common Shares (35,715 underlying) - Award
Common Shares
2025-05-22$33.83/sh+2,479$83,865→ 220,626 total - Award
Performance Share Units
2025-05-21+12,736→ 12,736 total→ Common Shares (12,736 underlying)
Footnotes (3)
- [F1]Shares acquired pursuant to a compensation plant for non-employee directors. Reporting person was a non-employee director through January 31, 2025.
- [F2]Restricted stock units awarded 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.
- [F3]On May 21, 2025, the reporting person was granted financial-based performance share units based on the performance of three key metrics. One of the three performance metrics, representing 32% of the total award, is based on UScellular performance and has a 75% floor, which can be increased to 100% if the announced UScellular transaction with T-Mobile closes in 2025. Accordingly, this Form 4 reports the number of performance share units issuable under the 75% floor, which is 24% of the target award. Another Form 4 would be filed to reflect an increase in the floor to the extent the UScellular transaction with T-Mobile closes in 2025. Performance share units accumulate dividend equivalents (in the form of additional performance share units) which are forfeitable if the performance metrics are not achieved.