STOCK TITAN

[Form 4] Telephone and Data Systems Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Joseph R. Hanley, identified as SVP - Strategy & Corporate Development of Telephone and Data Systems Inc. (TDS), reported multiple transactions on 08/18/2025. The filing shows four option grants under the company Long Term Incentive Plan exercisable on future dates totaling 29,142 option rights at strike prices of $27.79, $25.70, $30.72 and $29.45. On the same date the reporting person sold 68,759 common shares at an average price of $38.1576, with sale prices ranging between $37.7799 and $38.67, leaving 60,473 shares owned after the sale. The report lists incremental acquisitions (code M) of common shares totaling 29,142 across multiple prices and shows resulting direct beneficial ownership figures after each transaction.

Joseph R. Hanley, indicato come SVP - Strategy & Corporate Development di Telephone and Data Systems Inc. (TDS), ha registrato diverse operazioni il 18/08/2025. La comunicazione riporta quattro assegnazioni di opzioni nell'ambito del piano di incentivazione a lungo termine della società, esercitabili in futuro, per un totale di 29.142 diritti d'opzione con prezzi di esercizio pari a $27,79, $25,70, $30,72 e $29,45. Nella stessa data il soggetto segnalante ha venduto 68.759 azioni ordinarie a un prezzo medio di $38,1576 (range dei prezzi di vendita: $37,7799$38,67), mantenendo 60.473 azioni dopo la vendita. La relazione indica inoltre acquisizioni incrementalI (codice M) per un totale di 29.142 azioni ordinarie a prezzi differenti e ne riporta la corrispondente titolarità diretta dopo ciascuna operazione.

Joseph R. Hanley, identificado como SVP - Strategy & Corporate Development de Telephone and Data Systems Inc. (TDS), presentó varias transacciones el 18/08/2025. El informe muestra cuatro concesiones de opciones bajo el Plan de Incentivos a Largo Plazo de la compañía, ejercitables en fechas futuras, que suman 29.142 derechos de opción con precios de ejercicio de $27,79, $25,70, $30,72 y $29,45. Ese mismo día, la persona informante vendió 68.759 acciones ordinarias a un precio medio de $38,1576, con precios de venta entre $37,7799 y $38,67, quedando 60.473 acciones en su poder tras la venta. El informe también detalla adquisiciones incrementales (código M) de acciones ordinarias por un total de 29.142 a distintos precios y presenta la titularidad directa resultante después de cada operación.

Joseph R. Hanley는 Telephone and Data Systems Inc.(TDS)의 SVP - Strategy & Corporate Development로 표시되며, 2025-08-18에 여러 거래를 신고했습니다. 제출 서류에는 회사의 장기 인센티브 플랜에 따른 네 건의 옵션 지급이 기재되어 있으며, 향후 행사 가능하고 총 29,142개의 옵션 권리가 각각 행사 가격 $27.79, $25.70, $30.72, 및 $29.45로 등재되어 있습니다. 같은 날 보고자는 평균 가격 $38.157668,759주의 보통주를 매도했으며, 매도 가격 범위는 $37.7799에서 $38.67입니다. 매도 후 보유 주식은 60,473주입니다. 보고서에는 또한 다양한 가격으로 총 29,142주의 보통주에 대한 점진적 취득(코드 M)이 기재되어 있으며, 각 거래 후의 직접적 실소유권 수치도 명시되어 있습니다.

Joseph R. Hanley, identifié comme SVP - Strategy & Corporate Development de Telephone and Data Systems Inc. (TDS), a déclaré plusieurs opérations le 18/08/2025. Le dossier fait état de quatre attributions d'options dans le cadre du plan d'incitation à long terme de la société, exerçables à des dates ultérieures, totalisant 29 142 droits d'option avec des prix d'exercice de $27,79, $25,70, $30,72 et $29,45. Le même jour, la personne déclarante a vendu 68 759 actions ordinaires à un prix moyen de $38,1576, les prix de vente variant entre $37,7799 et $38,67, et détenant 60 473 actions après la vente. Le rapport indique également des acquisitions incrémentales (code M) de 29 142 actions ordinaires à divers prix et présente la détention directe résultante après chaque opération.

Joseph R. Hanley, angegeben als SVP - Strategy & Corporate Development bei Telephone and Data Systems Inc. (TDS), meldete mehrere Transaktionen am 18.08.2025. Die Einreichung dokumentiert vier Optionszuteilungen im Rahmen des langfristigen Anreizplans des Unternehmens, die künftig ausübbar sind und zusammen 29.142 Optionsrechte zu Ausübungspreisen von $27,79, $25,70, $30,72 und $29,45 umfassen. Am selben Tag verkaufte die meldende Person 68.759 Stammaktien zu einem Durchschnittspreis von $38,1576, mit Verkaufspreisen zwischen $37,7799 und $38,67, und hielt nach dem Verkauf noch 60.473 Aktien. Der Bericht führt außerdem schrittweise Erwerbe (Code M) von insgesamt 29.142 Stammaktien zu verschiedenen Preisen auf und zeigt die daraus resultierenden direkten Beteiligungsstände nach jeder Transaktion.

Positive
  • Option grants under the LTIP totaling 29,142 rights show continued use of equity incentives for retention
  • Reporting person provided sale price range and average, and committed to provide full execution details to regulators and the issuer
Negative
  • Large sale of 68,759 shares on 08/18/2025 which materially reduced direct ownership to 60,473 shares
  • Potential future dilution from 29,142 option rights outstanding at strikes below recent sale price

Insights

TL;DR: Insider sold a material block of shares while receiving stock-option grants, indicating routine compensation activity with notable liquidity.

The Form 4 documents a 68,759-share disposition at an average of $38.1576 alongside option grants under the Long Term Incentive Plan totaling 29,142 option rights at strikes between $25.70 and $30.72. The sale reduced direct ownership to 60,473 shares. For investors, the items are material as an observable sale size and option grants affect potential future dilution; however, the filing does not state the rationale for the sale or indicate coordinated insider trading plans beyond the LTIP grant notation.

TL;DR: Transactions appear to reflect compensation and personal liquidity rather than corporate governance changes.

The reporting person is an officer and disclosed both option awards and a significant open-market sale. The options are marked as granted under the Long Term Incentive Plan and are exercisable on specified future dates, which is standard for executive compensation. The filing includes an explicit commitment to provide detailed execution data for the sale, which supports regulatory transparency. There is no indication of governance actions, change in role, or related-party transactions in this filing.

Joseph R. Hanley, indicato come SVP - Strategy & Corporate Development di Telephone and Data Systems Inc. (TDS), ha registrato diverse operazioni il 18/08/2025. La comunicazione riporta quattro assegnazioni di opzioni nell'ambito del piano di incentivazione a lungo termine della società, esercitabili in futuro, per un totale di 29.142 diritti d'opzione con prezzi di esercizio pari a $27,79, $25,70, $30,72 e $29,45. Nella stessa data il soggetto segnalante ha venduto 68.759 azioni ordinarie a un prezzo medio di $38,1576 (range dei prezzi di vendita: $37,7799$38,67), mantenendo 60.473 azioni dopo la vendita. La relazione indica inoltre acquisizioni incrementalI (codice M) per un totale di 29.142 azioni ordinarie a prezzi differenti e ne riporta la corrispondente titolarità diretta dopo ciascuna operazione.

Joseph R. Hanley, identificado como SVP - Strategy & Corporate Development de Telephone and Data Systems Inc. (TDS), presentó varias transacciones el 18/08/2025. El informe muestra cuatro concesiones de opciones bajo el Plan de Incentivos a Largo Plazo de la compañía, ejercitables en fechas futuras, que suman 29.142 derechos de opción con precios de ejercicio de $27,79, $25,70, $30,72 y $29,45. Ese mismo día, la persona informante vendió 68.759 acciones ordinarias a un precio medio de $38,1576, con precios de venta entre $37,7799 y $38,67, quedando 60.473 acciones en su poder tras la venta. El informe también detalla adquisiciones incrementales (código M) de acciones ordinarias por un total de 29.142 a distintos precios y presenta la titularidad directa resultante después de cada operación.

Joseph R. Hanley는 Telephone and Data Systems Inc.(TDS)의 SVP - Strategy & Corporate Development로 표시되며, 2025-08-18에 여러 거래를 신고했습니다. 제출 서류에는 회사의 장기 인센티브 플랜에 따른 네 건의 옵션 지급이 기재되어 있으며, 향후 행사 가능하고 총 29,142개의 옵션 권리가 각각 행사 가격 $27.79, $25.70, $30.72, 및 $29.45로 등재되어 있습니다. 같은 날 보고자는 평균 가격 $38.157668,759주의 보통주를 매도했으며, 매도 가격 범위는 $37.7799에서 $38.67입니다. 매도 후 보유 주식은 60,473주입니다. 보고서에는 또한 다양한 가격으로 총 29,142주의 보통주에 대한 점진적 취득(코드 M)이 기재되어 있으며, 각 거래 후의 직접적 실소유권 수치도 명시되어 있습니다.

Joseph R. Hanley, identifié comme SVP - Strategy & Corporate Development de Telephone and Data Systems Inc. (TDS), a déclaré plusieurs opérations le 18/08/2025. Le dossier fait état de quatre attributions d'options dans le cadre du plan d'incitation à long terme de la société, exerçables à des dates ultérieures, totalisant 29 142 droits d'option avec des prix d'exercice de $27,79, $25,70, $30,72 et $29,45. Le même jour, la personne déclarante a vendu 68 759 actions ordinaires à un prix moyen de $38,1576, les prix de vente variant entre $37,7799 et $38,67, et détenant 60 473 actions après la vente. Le rapport indique également des acquisitions incrémentales (code M) de 29 142 actions ordinaires à divers prix et présente la détention directe résultante après chaque opération.

Joseph R. Hanley, angegeben als SVP - Strategy & Corporate Development bei Telephone and Data Systems Inc. (TDS), meldete mehrere Transaktionen am 18.08.2025. Die Einreichung dokumentiert vier Optionszuteilungen im Rahmen des langfristigen Anreizplans des Unternehmens, die künftig ausübbar sind und zusammen 29.142 Optionsrechte zu Ausübungspreisen von $27,79, $25,70, $30,72 und $29,45 umfassen. Am selben Tag verkaufte die meldende Person 68.759 Stammaktien zu einem Durchschnittspreis von $38,1576, mit Verkaufspreisen zwischen $37,7799 und $38,67, und hielt nach dem Verkauf noch 60.473 Aktien. Der Bericht führt außerdem schrittweise Erwerbe (Code M) von insgesamt 29.142 Stammaktien zu verschiedenen Preisen auf und zeigt die daraus resultierenden direkten Beteiligungsstände nach jeder Transaktion.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hanley Joseph R

(Last) (First) (Middle)
30 N. LASALLE STREET, SUITE 4000

(Street)
CHICAGO IL 60661

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TELEPHONE & DATA SYSTEMS INC /DE/ [ TDS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP-Strategy & Corp Dev
3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 08/18/2025 M 7,256 A $29.45 107,346 D
Common Shares 08/18/2025 M 7,201 A $27.79 114,547 D
Common Shares 08/18/2025 M 7,540 A $25.7 122,087 D
Common Shares 08/18/2025 M 7,145 A $30.72 129,232 D
Common Shares 08/18/2025 S 68,759 D $38.1576(1) 60,473 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option (Right to Buy) $27.79 08/18/2025 M 7,201 (2) 05/24/2027 Common Shares 7,201 $27.79 0 D
Option (Right to Buy) $25.7 08/18/2025 M 7,540 (2) 05/22/2028 Common Shares 7,540 $25.7 0 D
Option (Right to Buy) $30.72 08/18/2025 M 7,145 (2) 05/22/2029 Common Shares 7,145 $30.72 0 D
Option (Right to Buy) $29.45 08/18/2025 M 7,256 (2) 08/15/2026 Common Shares 7,256 $29.45 0 D
Explanation of Responses:
1. Reporting person sold Common Shares at an average price of $38.1576 of which the Common Shares were sold in multiple transactions at prices ranging from $37.7799 and $38.67. The reporting person undertakes to provide to the SEC, the Issuer and any security holder, the full information regarding the number of shares and the prices at which the shares were sold.
2. Granted under the Long Term Incentive Plan. Stock options are exercisable.
Remarks:
Julie D Mathews, by power of atty 08/18/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did TDS insider Joseph R. Hanley report on Form 4?

The filing shows option grants totaling 29,142 rights under the Long Term Incentive Plan and a sale of 68,759 common shares at an average price of $38.1576 on 08/18/2025.

How many shares does Hanley own after the transactions reported for TDS?

The Form 4 reports 60,473 shares of direct beneficial ownership following the reported sale.

What strike prices were reported for the TDS option grants?

Options were reported with strike prices of $25.70, $27.79, $29.45 and $30.72.

Were the option grants exercisable immediately?

The filing notes the options were granted under the Long Term Incentive Plan and are exercisable; specific exercisability and expiration dates are listed in the filing for each grant.

What price range did the sale of TDS shares occur at?

The reported sale prices ranged from $37.7799 to $38.67, averaging $38.1576 per share.
Telephone & Data Sys Inc

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4.43B
98.91M
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6.07%
Telecom Services
Telephone Communications (no Radiotelephone)
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United States
CHICAGO