Carlson Anthony J 4

What Happened

• Anthony J. Carlson, President of Array and trustee of the TDS voting trust, had 695 restricted stock units (RSUs) vest and convert to common shares on 2026-05-21. The gross value of the 695 shares at $41.20 per share was $28,634. To satisfy tax withholding, 204 shares were withheld (value ~$8,405), leaving Carlson with a net 491 shares (approx. $20,229).
• This was a settlement of previously granted RSUs (grant date 2025-05-21; one-third vests each year). This is an award/settlement event rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-21; Form filed: 2026-05-26 (filed 5 days after the transaction; exceeds the 2-business-day Form 4 deadline).
• Gross shares settled: 695 at $41.20 (total $28,634). Shares withheld for taxes: 204 at $41.20 (total $8,405). Net shares received: 491 ($20,229).
• Footnotes: RSUs granted 2025-05-21 with annual vesting (one-third each year). Shares withheld to pay taxes. Reporting person is trustee of a voting trust (record owner) and separately holds 33,692 common shares in the dividend reinvestment plan.
• Filing timeliness: The Form 4 was filed on 2026-05-26 for a 2026-05-21 transaction, which is later than the usual 2-business-day filing requirement.

Context

• This was a routine RSU settlement with share withholding for taxes (a common cashless settlement method); it does not indicate an open-market purchase or sale decision by the insider. As trustee, Carlson’s filing reflects holdings tied to the voting trust; retail investors should note this is a compensation-related issuance rather than a directional insider trade.