Jane W. McCahon - Feb 10, 2022 Form 4 Insider Report for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)

Signature
Julie D. Mathews, by power of atty
Stock symbol
TDS
Transactions as of
Feb 10, 2022
Transactions value $
-$38,953
Form type
4
Date filed
2/14/2022, 03:21 PM
Previous filing
May 25, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDS Common Options Exercise $0 +5.7K +18.2% $0.00 37K Feb 10, 2022 Direct F1
transaction TDS Common Tax liability -$39K -1.92K -5.18% $20.32 35.1K Feb 10, 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