(TDS)

Role: President & CEO of subsidiary, Director
Signature: Julie D. Mathews, by power of atty
Stock symbol: TDS
Transactions as of: Feb 10, 2022
Transactions value $: -$113,528
Form type: 4
Date filed: 2/14/2022, 03:34 PM
Previous filing: May 25, 2021
Next filing: May 20, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TDS	Common	Options Exercise	$0	+17K	+43.58%	$0.00	55.9K	Feb 10, 2022	Direct	F1
transaction	TDS	Common	Tax liability	-$114K	-5.59K	-9.99%	$20.32	50.3K	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 10, 2022 that the reporting person was entitled to 107.8% of his 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 10, 2022 that the reporting person was entitled to 107.8% of his target opportunity.

Shares withheld to pay taxes