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

Role
President and CEO, Director
Signature
Julie D Mathews, by power of atty
Stock symbol
USM
Transactions as of
Mar 10, 2022
Transactions value $
$0
Form type
4
Date filed
3/11/2022, 08:33 AM
Next filing
Apr 5, 2022

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 +13.2K +257.37% 18.3K Mar 10, 2022 Deferred Compensation 13.2K 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.