Earnings Feed
Start Free
TELEPHONE & DATA SYSTEMS INC /DE/·4

Feb 27, 4:11 PM ET

Kroll Anita J 4

Research Summary

AI-generated summary

Updated

TDS VP Anita Kroll Receives 9,962 Performance Share Awards

What Happened
Anita J. Kroll, Vice President, Controller & CAO of Telephone & Data Systems, Inc. (TDS), was recorded as receiving three grants of performance-based restricted share units (derivative awards) on Feb 25, 2026: 1,375; 2,129; and 6,458 units, for a total of 9,962 performance share units. These are awards (transaction code A) — no cash was paid and no market shares were sold or bought. Each unit represents a contingent right to receive one common share if performance/time vesting conditions are met; pricing is N/A.

Key Details

  • Transaction date filed: Feb 25, 2026 (Form 4 filed Feb 27, 2026) — filing appears timely (within the 2-business-day window).
  • Grants (derivative performance share units): 1,375; 2,129; 6,458 — total 9,962 PSUs. Price: N/A (awards).
  • Shares owned after transaction: Not specified in the filing.
  • Footnote summaries:
    • F1 (related grant): May 21, 2025 grant — two of three metrics certified at 71.5%; those PSUs adjusted for performance/time and will vest Dec 31, 2027; final metric measured through Dec 31, 2027 and remains subject to approval; accrued dividend equivalents may be forfeitable.
    • F2 (related grant): June 11, 2024 grant — two metrics certified (one previously at 145.9%; second at 83.8%); those PSUs adjusted and will vest June 11, 2027; final metric measured through Dec 31, 2026 remains outstanding.
    • F3 (related grant): May 17, 2023 grant — third metric certified at 200% on Feb 25, 2026; PSUs adjusted and will vest May 17, 2026.
  • Dividend equivalents: These PSUs have been accumulating quarterly dividend equivalents; some dividend equivalents can be forfeited if final performance metrics are not met.

Context:

  • These are performance-based, time-vesting derivative awards (not open-market purchases or sales). They are contingent on achievement of specified metrics and vest on future dates (2026–2027) according to the footnotes. Such awards reflect compensation tied to company performance; they do not represent immediate share ownership or cash transactions until/if vested and settled.