Douglas W. Chambers - 05 Apr 2024 Form 4 Insider Report for UNITED STATES CELLULAR CORP (USM)

Signature
Julie D. Mathews, by power of atty
Issuer symbol
USM
Transactions as of
05 Apr 2024
Net transactions value
-$477,936
Form type
4
Filing time
08 Apr 2024, 17:30:59 UTC
Previous filing
05 Apr 2024
Next filing
21 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USM Common Shares Options Exercise +16,374 +52% 47,793 05 Apr 2024 Direct F1
transaction USM Common Shares Options Exercise +14,737 +31% 62,530 05 Apr 2024 Direct F2
transaction USM Common Shares Tax liability $477,936 -13,463 -22% $35.50 49,067 05 Apr 2024 Direct 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 USM Restricted Stock Units Options Exercise $0 -16,374 -100% $0.000000* 0 05 Apr 2024 Common Shares 16,374 Direct F1
transaction USM Performance Share Units Options Exercise $0 -14,737 -100% $0.000000* 0 05 Apr 2024 Common Shares 14,737 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 5, 2021, reporting person was granted Restricted Stock Units (RSUs) under the United States Cellular Corporation Long-Term Incentive Plan that vest on the third anniversary of the grant date. This transaction reports the vesting of the RSUs.
F2 On April 5, 2021, reporting person was granted Performance Stock Units (PSUs) under the United States Cellular Long-Term Incentive Plan. Based on company performance the PSUs were adjusted for performance and certified by the Long-Term Incentive Compensation Committee on February 14, 2024, and became time-based. This transaction reports the vesting of the PSUs.
F3 Shares withheld to pay for taxes on the RSU and PSU vestings.