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ARRAY DIGITAL INFRASTRUCTURE, INC. — Director's Dealing 2024
Feb 17, 2024
31133_dirs_2024-02-16_5d2ad40c-0ad6-4891-8fc0-746db2e2f68e.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: Therivel Laurent C (Director, President and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-14 | Performance Shares Units | $ | A | 9171 | Acquired | Common Shares (9171) | Direct | |
| 2024-02-14 | Performance Shares Units | $ | A | 136338 | Acquired | Common Shares (136338) | 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 the 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 to 119% of his target opportunity. Performance share units are now adjusted for performance and are time-based and vest on April 3, 2026.