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Array Digital Infrastructure, Inc. (AD) disclosed the equity holdings of its President and CEO, who also serves as a director, in an initial ownership filing. The executive beneficially owns 4,607 Common Shares held directly, plus 9,511 Common Shares tied to deferred compensation under the company’s Long-Term Incentive Plan, of which 8,303 Common Shares are vested. In addition, the executive holds performance share units and restricted stock units covering 3,459 and 1,452 Common Shares granted on April 3, 2023, and 2,442 and 1,673 Common Shares granted on March 4, 2024. These awards are scheduled to vest between April 3, 2026 and March 4, 2027, with one-third of the 2024 restricted stock units already vested on March 4, 2025.
Array Digital Infrastructure, Inc. (AD) appointed Anthony Carlson as President and Chief Executive Officer, effective November 16, 2025, and elected him to the Board on the same date. He succeeds Douglas W. Chambers, who will serve as Senior Advisor until December 9, 2025.
Carlson previously held leadership roles at Array and TDS Telecommunications, with earlier experience at McKinsey & Company and Samsung Electronics. In connection with the appointment, Array entered into an offer letter outlining compensation: an annual base salary of $400,000, a 2025 target bonus equal to 60% of base salary (pro‑rated for time served in 2025), and eligibility for the long‑term incentive plan with a 2026 target multiple of 140% of base salary, with the 2026 LTIP award anticipated in March. Metrics and award terms are determined annually and may change year‑over‑year.
Array Digital Infrastructure (AD)$47.1 million (up 83% year over year), driven by tower site rentals tied to a new Master License Agreement with T‑Mobile. Net income from continuing operations was $109.9 million, while a loss from discontinued operations led to a net loss attributable to shareholders of $38.5 million.
Adjusted EBITDA from continuing operations reached $85.1 million. Array owns 4,449 towers and, under the MLA, T‑Mobile committed to lease space on a minimum 2,015 towers for 15 years, plus about 1,800 interim sites up to 30 months. Cash and cash equivalents were $325.6 million as of September 30, 2025.
The company closed the sale of wireless operations and select spectrum to T‑Mobile for $4,293.8 million total consideration, including $2,628.8 million in cash and $1,665.0 million of debt assumed via exchange. It paid a $23.00 per‑share special dividend and entered a new $325.0 million term loan (SOFR + 2.50%). Pending spectrum sales to Verizon and AT&T remain subject to approvals.
Array Digital Infrastructure, Inc. furnished an update on its operations by issuing a news release covering results for the period ended September 30, 2025. The release is attached as Exhibit 99.1 and incorporated by reference. The information under Item 2.02 is being “furnished” and not deemed “filed” under the Exchange Act.
The company lists securities on the NYSE, including Common Shares (symbol USM) and senior notes (symbols UZD, UZE, UZF). The filing also reflects the former name United States Cellular Corporation.
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