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ARRAY DIGITAL INFRASTRUCTURE, INC. — Director's Dealing 2024
Feb 17, 2024
31133_dirs_2024-02-16_c7f72dc2-8344-4bd7-98a6-8bf96b422ebb.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: UNITED STATES CELLULAR CORP (USM)
CIK: 0000821130
Period of Report: 2024-02-14
Reporting Person: Lowell Kevin R (EVP, Chief People Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-14 | Performance Shares Units | $ | A | 1304 | Acquired | Common Shares (1304) | Direct | |
| 2024-02-14 | Performance Shares Units | $ | A | 34937 | Acquired | Common Shares (34937) | Direct |
Footnotes
F1: On April 5, 2021 reporting person was granted an award based on achievement of certain performance measures and, effective May 23, 2023, the award was adjusted by the Long-Term Incentive Compensation Committee (LTICC) to provide for a payout at no less than 75% of the target opportunity of such award. Based on company performance at December 31, 2023, the LTICC certified on February 14, 2024 that the reporting person was entitled to 90% of his target opportunity. Performance share units are now adjusted for performance and are time-based and vest on April 5, 2024. Each performance share unit represents the contingent right to receive one common share.
F2: On April 3, 2023, the reporting person was granted an award based on achievement of certain performance measures. Based on company performance at December 31, 2023, the Long Term Incentive Compensation Committee certified on February 14, 2024 that the reporting person was entitled o 119% of his target opportunity. Performance share units are now adjusted for performance and are time-based and vest on April 3, 2026.