Laurent C. Therivel - Jan 4, 2024 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
Jan 4, 2024
Transactions value $
-$60,441
Form type
4
Date filed
1/8/2024, 04:21 PM
Previous filing
Nov 29, 2023
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USM Common Shares Options Exercise +5.11K 5.11K Jan 4, 2024 Direct F1
transaction USM Common Shares Tax liability -$60.4K -1.46K -28.46% $41.54 3.66K Jan 4, 2024 Direct F2

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 Options Exercise $0 -5.11K -19.32% $0.00 21.3K Jan 4, 2024 Deferred Compensation 5.11K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Payout of deferred bonus. Reporting person deferred a portion of his 2020 bonus pursuant to the UScellular Long-Term Incentive Plan. The deferred bonus including the match has been invested in phantom stock now representing common shares. The price on January 4, 2024 was used to determine the payout for the deferred bonus shares. A total of 18,880 are vested.
F2 Withholding of common shares as settlement for taxes due in connection with settlement of the deferred compensation payout.