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Telephone and Data Systems (TDS) Executive Vice President and CFO Vicki L. Villacrez reported routine equity compensation activity involving restricted stock units and related tax withholding. On June 11, 2026, previously granted restricted stock units vested and were settled into 10,170 common shares, consistent with an award made on June 11, 2024 under TDS' Long Term Incentive Plan.
To cover tax obligations from this vesting, 4,780 common shares were withheld, a non-market disposition classified as a tax-withholding transaction rather than an open-market sale. After these transactions, Villacrez directly holds 72,425 common shares, reflecting ongoing equity-based compensation rather than discretionary buying or selling in the open market.
Telephone & Data Systems (TDS) vice president, controller and chief accounting officer Anita J. Kroll reported routine equity compensation activity. On June 11, 2026, 2,716 restricted stock units vested and were settled into an equal number of common shares under TDS' Long Term Incentive Plan. As part of this vesting, 1,277 common shares were withheld to pay taxes. After these transactions, Kroll directly owned 20,546 common shares.
Telephone & Data Systems vice chair Leroy T. Carlson Jr. reported routine equity compensation activity. On June 11, 2026, restricted stock units granted on June 11, 2024 under the Long Term Incentive Plan partially vested, converting into 45,135 common shares. To cover taxes, 18,935 shares were withheld. Following these transactions, Carlson directly holds 897,769 common shares and continues to hold additional indirect positions through various trusts, a voting trust, a family partnership, and his spouse’s accounts.
Telephone & Data Systems (TDS) director and subsidiary president Kenneth S. Dixon settled a vesting of restricted stock units into common shares and related tax obligations. On June 9, 2026, 4,653 restricted stock units converted into an equal number of common shares under TDS' Long Term Incentive Plan.
Of these, 1,489 common shares were withheld at a price of $39.33 per share to pay taxes, a non-market tax-withholding disposition. Following these transactions, Dixon directly holds 3,164 common shares and 9,306 restricted stock units, reflecting routine equity compensation activity rather than an open-market trade.
Telephone and Data Systems, Inc. reported that its subsidiary Array Digital Infrastructure, Inc. (formerly United States Cellular Corporation) completed the previously announced sale of select spectrum assets to Verizon Communications Inc. for $1.0 billion in cash under an October 17, 2024 License Purchase Agreement.
The Array board also declared a special cash dividend of $11.00 per share for holders of Array Common Stock and Series A Common Stock, with a record date of June 11, 2026 and payment scheduled for June 25, 2026. As of June 1, 2026, TDS held 33,005,877 Series A shares and 37,782,826 Common shares of Array.
Telephone & Data Systems Inc. director George W. Off received a grant of 2,905 Common Shares of TDS stock on 2026-05-21 at a value of $41.20 per share. The shares were acquired pursuant to a compensation plan for non-employee directors, so this is a routine, non-cash award rather than an open-market purchase. After this grant, Off directly holds 78,807 Common Shares.
OLeary Christopher D reported acquisition or exercise transactions in this Form 4 filing.
Telephone & Data Systems director Christopher D. O’Leary received an equity award of 2,905 Common Shares on May 21, 2026 at a value of $41.20 per share. The shares were granted under a compensation plan for non-employee directors, increasing his direct holdings to 48,088 Common Shares.
Telephone & Data Systems director Kimberly D. Dixon received a grant of 2,905 Common Shares of TDS stock on May 21, 2026. The shares were acquired at a price of $41.20 per share pursuant to a compensation plan for non-employee directors. Following this award, Dixon directly holds 45,703 Common Shares.
Telephone & Data Systems Inc. director Wade Oosterman received a grant of 2,905 common shares. The shares were acquired on May 21, 2026 at a reported value of $41.20 per share.
The filing states these shares were acquired pursuant to a compensation plan for non-employee directors. Following this award, Oosterman directly holds 42,223 common shares, indicating this is a routine equity-based compensation event rather than an open-market purchase or sale.
Telephone & Data Systems director Dirk S. Woessner reported a grant of 2,905 common shares at $41.20 per share on May 21, 2026. On the same date, 228 shares were disposed in a tax-withholding transaction. After these transactions, he directly holds 15,244 common shares.