Joseph R. Hanley - May 21, 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
Stock symbol
TDS
Transactions as of
May 21, 2023
Transactions value $
-$22,984
Form type
4
Date filed
5/23/2023, 03:43 PM
Previous filing
May 19, 2023
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDS Common Shares Options Exercise $0 +11.3K +38.74% $0.00 40.4K May 21, 2023 Direct F1
transaction TDS Common Tax liability -$23K -3.31K -8.18% $6.95 37.1K May 21, 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 -11.3K -100% $0.00* 0 May 21, 2023 Common Shares 11.3K 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.