Daniel J. DeWitt - 20 Feb 2023 Form 4 Insider Report for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
22 Feb 2023, 14:05:50 UTC
Prior SEC filing
23 May 2022
Next SEC filing
19 May 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Julie D. Mathews, by power of atty

Key filing fact

Daniel J. DeWitt filed Form 4 for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) on 22 Feb 2023.

Key facts

  • This page summarizes Daniel J. DeWitt's Form 4 filing for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS).
  • 2 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 22 Feb 2023, 14:05.

Change

  • Previous filing in this sequence was filed on 23 May 2022.
  • Current net transaction value: -$35,278.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TDS transaction

Common

Options Exercise

Transaction value
$0
Shares
+7,650
Change %
+37%
Price
$0.000000
Shares after
28,522
Date
20 Feb 2023
Ownership
Direct
Footnotes
F1
TDS transaction

Common

Tax liability

Transaction value
$35,278
Shares
-2,575
Change %
-9%
Price
$13.70
Shares after
25,947
Date
20 Feb 2023
Ownership
Direct
Footnotes
F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

On May 21, 2020, 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, 2022, the Compensation Committee certified on February 20, 2023 that the reporting person was entitled to 67.9% of his target opportunity.

Footnote F2

Shares withheld to pay taxes

Footnote F3

The market was closed on February 20, 2023, therefore the previous trading day's close, February 17, 2023 was used to value the transaction.

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