Laurent C. Therivel - 10 Mar 2022 Form 4 Insider Report for UNITED STATES CELLULAR CORP (USM)

Role
President and CEO, Director
Signature
Julie D Mathews, by power of atty
Issuer symbol
USM
Transactions as of
10 Mar 2022
Net transactions value
$0
Form type
4
Filing time
11 Mar 2022, 08:33:25 UTC
Next filing
05 Apr 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction USM Deferred Compensation Award +13,162 +257% 18,276 10 Mar 2022 Deferred Compensation 13,162 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting person deferred a portion of his bonus into UScellular stock pursuant to the Long Term Incentive Plan. Reporting person is 100% vested in all bonus amounts and receives an employer match that vests ratably 33%, 33% and 34% per year over a three year period. A total of 14,303 Common Shares are vested.
F2 The reporting person's Form 4 related to the deferral of his 2020 bonus filed on March 5, 2021 was inadvertently overstated by 659 units.