(TDS)

Role: President & CEO of subsidiary, Director
Signature: Julie D. Mathews, by power of atty
Issuer symbol: TDS
Transactions as of: 21 Feb 2025
Net transactions value: $0
Form type: 4
Filing time: 25 Feb 2025, 16:30:39 UTC
Previous filing: 13 Jun 2024
Next filing: 20 May 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TDS	Common Shares	Award		+45,168	+24%		234,166	21 Feb 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On May 18, 2022, the reporting person was granted financial-based performance share units that would be measured over a three year time period. The payout could be increased to 200% of target or reduced to 0% based on achievement of the key metrics. The performance share units have been accumulating quarterly dividend equivalents. Based on company performance over the three year period ending on December 31, 2024, the Compensation Human Resources Committee certified on February 21, 2025 that the reporting person was entitled to 100.0% of his target opportunity. The Performance Shares were certified and are now adjusted for performance and vested immediately on February 21, 2025. Each performance share unit represents the contingent right to receive one common share.

Content

On May 18, 2022, the reporting person was granted financial-based performance share units that would be measured over a three year time period. The payout could be increased to 200% of target or reduced to 0% based on achievement of the key metrics. The performance share units have been accumulating quarterly dividend equivalents. Based on company performance over the three year period ending on December 31, 2024, the Compensation Human Resources Committee certified on February 21, 2025 that the reporting person was entitled to 100.0% of his target opportunity. The Performance Shares were certified and are now adjusted for performance and vested immediately on February 21, 2025. Each performance share unit represents the contingent right to receive one common share.