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ARRAY DIGITAL INFRASTRUCTURE, INC. — Director's Dealing 2025
Apr 7, 2025
31133_dirs_2025-04-07_bf6f70bb-d259-43f4-a585-5f6c6184e218.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: 2025-04-03
Reporting Person: IRIZARRY MICHAEL (Director, EVP-CTO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-04-03 | Common Shares | M | 14577 | — | Acquired | 73682 | Direct |
| 2025-04-03 | Common Shares | F | 6458 | $68.71 | Disposed | 67224 | Direct |
| 2025-04-04 | Common Shares | M | 27419 | — | Acquired | 94643 | Direct |
| 2025-04-04 | Common Shares | F | 12147 | $64.48 | Disposed | 82496 | Direct |
| 2025-04-04 | Common Shares | M | 24952 | — | Acquired | 107448 | Direct |
| 2025-04-04 | Common Shares | F | 11055 | $64.48 | Disposed | 96393 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-04-03 | Restricted Stock Units | $ | M | 14577 | Disposed | Common Shares (14577) | Direct | |
| 2025-04-04 | Restricted Stock Units | $0 | M | 27419 | Disposed | Common Shares (27419) | Direct | |
| 2025-04-04 | Performance Share Units | $ | M | 24952 | Disposed | Common Shares (24952) | Direct |
Footnotes
F1: On April 3, 2023, reporting person was granted Restricted Stock Units (RSUs) under the United States Cellular Corporation Long-Term Incentive Plan. RSUs vest one-third each year on the first, second and third anniversaries of the grant date. This transaction represents settlement of the second vesting.
F2: Shares withheld to pay for taxes
F3: On April 4, 2022, these restricted stock units were awarded under the United States Cellular Corporation Long-Term Incentive Plan. These restricted stock units vest on the third anniversary of the transaction date and are now vested.
F4: On April 4, 2022 reporting person was granted an award based on achievement of certain performance measures and, effective November 27, 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, 2024, the LTICC certified on February 19, 2025 that the reporting person was entitled to 91% of his target opportunity. Performance share units are now vested.