Anita J. Kroll - May 17, 2024 Form 4 Insider Report for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)

Signature
Julie D. Mathews, by power of atty
Stock symbol
TDS
Transactions as of
May 17, 2024
Transactions value $
-$67,933
Form type
4
Date filed
5/21/2024, 04:48 PM
Previous filing
Feb 21, 2024
Next filing
Jun 13, 2024

Transactions Table

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 -7.35K -33.33% $0.00 14.7K May 17, 2024 Common Shares 7.35K Direct F1
transaction TDS Restricted Stock Units Options Exercise $0 -2.86K -100% $0.00* 0 May 19, 2024 Common Shares 2.86K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units were awarded on May 17, 2023, pursuant to the 2022 Long Term Incentive Plan. One-third of the restricted stock units will vest on the first, second and third annual anniversaries of the Grant Date. This transaction represents settlement of the first vesting. Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
F2 Shares withheld to pay taxes on restricted stock units that vested on May 17, 2024.
F3 Restricted stock units awarded pursuant to the 2020 Long Term Incentive Plan. Stock units became vested on May 19, 2024. Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
F4 Shares withheld to pay taxes on Restricted Stock Units that vested on May 19, 2024.
F5 The market was closed on vest date therefore the previous trading day's close, May 17, 2024, was used to value the transaction.