Joseph R. Hanley - 21 May 2023 Form 4 Insider Report for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)

Role
SVP-Strategy & Corp Dev
Signature
Julie D. Mathews, by power of atty
Issuer symbol
TDS
Transactions as of
21 May 2023
Net transactions value
-$22,984
Form type
4
Filing time
23 May 2023, 15:43:24 UTC
Previous filing
19 May 2023
Next filing
21 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDS Common Shares Options Exercise $0 +11,286 +39% $0.000000 40,418 21 May 2023 Direct F1
transaction TDS Common Tax liability $22,984 -3,307 -8.2% $6.95 37,111 21 May 2023 Direct F2, F3

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 TDS Restricted Stock Units Options Exercise $0 -11,286 -100% $0.000000* 0 21 May 2023 Common Shares 11,286 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units awarded pursuant to the 2020 Long Term Incentive Plan. Stock units became vested on May 21, 2023.
F2 Shares withheld to pay taxes on restricted stock units that vested on May 21, 2023.
F3 The market was closed on vest date therefore the previous trading day's close, May 19, 2023, was used to value the transaction.