CARLSON LETITIA G C 4

What Happened Letitia G. C. Carlson, a director of Telephone & Data Systems, Inc. (TDS), was granted 2,905 common shares on May 21, 2026 as part of the company's non‑employee director compensation plan. The shares were issued at $41.20 per share, for a total reported value of $119,686. This transaction is reported as an award/acquisition (transaction code A).

Key Details

• Transaction date: May 21, 2026; Filing date: May 26, 2026 (filed within the required SEC window given the intervening holiday).
• Shares granted: 2,905 at $41.20 each; total value $119,686.
• Reported holdings (per filing footnotes):
  • 56,567 common shares held through dividend reinvestment (Footnote F2).
  • Family/fiduciary holdings include 693,751 shares held by a family partnership (23,754 of which are in DRIP) and 39,945 shares held in the dividend reinvestment plan (Footnote F3).
• Footnote F1: Shares were issued pursuant to the non‑employee director compensation plan.
• Transaction code: A = Award/Grant (not a sale or open‑market purchase).

Context This was a compensation grant to a non‑employee director, a routine form of director pay rather than an open‑market buy or sale. Such awards increase insider ownership but do not by themselves indicate the director’s view on the company’s near‑term stock prospects.