(TDS)

Role: SVP Corp Relations & Corp Sec
Signature: Julie D. Mathews, by power of atty
Issuer symbol: TDS
Transactions as of: 10 Feb 2022
Net transactions value: -$38,953
Form type: 4
Filing time: 14 Feb 2022, 15:21:12 UTC
Previous filing: 25 May 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TDS	Common	Options Exercise	$0	+5,696	+18%	$0.000000	36,995	10 Feb 2022	Direct	F1
transaction	TDS	Common	Tax liability	$38,953	-1,917	-5.2%	$20.32	35,078	10 Feb 2022	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On May 22, 2019, the reporting person was granted financial-based performance share units that would be measured over a three year time period. The payout could be increased to 200% of target or reduced to 0% based on achievement of the key metrics. The performance share units have been accumulating quarterly dividend equivalents. Based on company performance over the three period ending on December 31, 2021, the Compensation Committee certified on February 22, 2021 that the reporting person was entitled to 91.5% of her target opportunity.
F2	Shares withheld to pay taxes

Content

On May 22, 2019, the reporting person was granted financial-based performance share units that would be measured over a three year time period. The payout could be increased to 200% of target or reduced to 0% based on achievement of the key metrics. The performance share units have been accumulating quarterly dividend equivalents. Based on company performance over the three period ending on December 31, 2021, the Compensation Committee certified on February 22, 2021 that the reporting person was entitled to 91.5% of her target opportunity.

Shares withheld to pay taxes