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TELEPHONE & DATA SYSTEMS INC /DE/ — Director's Dealing 2024
Jan 9, 2024
31096_dirs_2024-01-09_dc53c4be-66e9-4ca3-9759-1013e574e9e3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2024-01-08
Reporting Person: CARLSON LEROY T JR (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-08 | Common Shares | M | 18313 | — | Acquired | 190524 | Direct |
| 2024-01-08 | Common Shares | F | 4936 | $18.21 | Disposed | 185588 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-08 | Deferred Compensation | $ | M | 18313 | Disposed | Common Shares (18313) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares | 105521 | Indirect |
Footnotes
F1: Payout of deferred bonus. Reporting person deferred a portion of his 2020 bonus pursuant the TDS Long-Term Incentive Plan. The deferred bonus has been invested in phantom stock now representing Common Shares, including dividend reinvestment. The price on January 8, 2024 was used to determine the payout for the deferred bonus shares. A total of 52,191 Common Shares are vested.
F2: Withholding of common shares as settlement for taxes due in connection with settlement of the deferred compensation payout.