Kevin R. Lowell - Apr 6, 2023 Form 4 Insider Report for UNITED STATES CELLULAR CORP (USM)

Role
EVP, Chief People Officer
Signature
Julie D. Mathews, by power of atty
Stock symbol
USM
Transactions as of
Apr 6, 2023
Transactions value $
-$138,017
Form type
4
Date filed
4/7/2023, 12:30 PM
Previous filing
Apr 4, 2023
Next filing
May 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USM Common Shares Options Exercise +12.1K 12.1K Apr 6, 2023 Direct F1
transaction USM Common Shares Options Exercise +13.1K +107.79% 25.2K Apr 6, 2023 Direct F2
transaction USM Common Shares Tax liability -$138K -6.22K -24.65% $22.20 19K Apr 6, 2023 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 Common Shares Options Exercise -12.1K -100% 0 Apr 6, 2023 Common Shares 12.1K Direct F1
transaction USM Common Shares Options Exercise -13.1K -100% 0 Apr 6, 2023 Common Shares 13.1K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of restricted stock units were awarded on April 6, 2020 under the U.S. Cellular Corporation Long-Term Incentive Plan.
F2 Vesting of performance share units granted on April 6, 2020. Performance share units were adjusted for performance and became time based on March 15, 2021.
F3 Shares withheld to pay for taxes.