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TDS executive Anita Kroll (NYSE: TDS) settles RSUs, withholds 688 shares for tax

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Telephone & Data Systems VP, Controller & CAO Anita J. Kroll reported routine equity compensation activity involving restricted stock units. On May 21, 2026, 1,463 restricted stock units vested and were settled into common shares pursuant to TDS' Long Term Incentive Plan.

To cover related tax obligations, 688 common shares were withheld at a price of $41.20 per share, classified as a tax-withholding disposition rather than an open-market sale. After these transactions, Kroll directly holds 19,107 common shares and 2,926 restricted stock units, reflecting a net increase in her equity position.

Positive

  • None.

Negative

  • None.
Insider Kroll Anita J
Role VP, Controller & CAO
Type Security Shares Price Value
Exercise Restricted Stock Units 1,463 $0.00 --
Exercise Common Shares 1,463 $41.20 $60K
Tax Withholding Common Shares 688 $41.20 $28K
Holdings After Transaction: Restricted Stock Units — 2,926 shares (Direct, null); Common Shares — 19,795 shares (Direct, null)
Footnotes (1)
  1. Restricted stock units were awarded on May 21, 2025, pursuant to TDS' Long Term Incentive Plan. One-third of the restricted stock units will vest on the first, second and third annual anniversaries of the Grant Date. This transaction represents settlement of the first vesting. Each restricted stock unit ("RSU") represents the right to receive one common share. Shares withheld to pay taxes.
RSUs vested 1,463 units Restricted stock units settled into common shares on May 21, 2026
Shares withheld for tax 688 shares Common shares withheld to pay taxes at $41.20 per share
Tax withholding price $41.20/share Value used for 688-share tax-withholding disposition
Common shares held after transaction 19,107 shares Direct TDS common share holdings following Form 4 transactions
RSUs held after transaction 2,926 units Remaining restricted stock units after first vesting settlement
Net RSUs converted this vesting 1,463 units First tranche from May 21, 2025 RSU grant under Long Term Incentive Plan
Restricted stock units financial
"Restricted stock units were awarded on May 21, 2025, pursuant to TDS' Long Term Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Long Term Incentive Plan financial
"Restricted stock units were awarded on May 21, 2025, pursuant to TDS' Long Term Incentive Plan."
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
tax-withholding disposition financial
"Shares withheld to pay taxes."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Kroll Anita J
(Last)(First)(Middle)
30 N. LASALLE STREET, SUITE 4000
(Street)
CHICAGO ILLINOIS 60602
(City)(State)(Zip)
UNITED STATES
(Country)		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)
Director10% Owner
XOfficer (give title below)Other (specify below)
VP, Controller & CAO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Shares05/21/2026M(1)1,463A$41.2(1)19,795D
Common Shares05/21/2026F688D$41.2(2)19,107D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/21/2026M1,463 (1) (1)Common Shares1,463$0(1)2,926D
Explanation of Responses:
1. Restricted stock units were awarded on May 21, 2025, pursuant to TDS' Long Term Incentive Plan. One-third of the restricted stock units will vest on the first, second and third annual anniversaries of the Grant Date. This transaction represents settlement of the first vesting. Each restricted stock unit ("RSU") represents the right to receive one common share.
2. Shares withheld to pay taxes.
Remarks:
John M. Toomey, by power of atty.05/26/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did TDS VP Anita Kroll report on this Form 4?

Anita Kroll reported vesting of 1,463 restricted stock units into common shares and withholding of 688 shares to pay taxes. These actions reflect routine equity compensation settlement rather than open-market buying or selling activity.

How many TDS shares were withheld for taxes in Anita Kroll’s Form 4?

The filing shows 688 Telephone & Data Systems common shares were withheld to cover tax obligations. This tax-withholding disposition used a price of $41.20 per share and did not involve an open-market sale by Kroll.

How many restricted stock units vested for TDS VP Anita Kroll?

A total of 1,463 restricted stock units vested for Anita Kroll under TDS’ Long Term Incentive Plan. Each RSU converted into one common share in connection with the first vesting of her May 21, 2025 equity grant.

What are Anita Kroll’s TDS holdings after the reported Form 4 transactions?

After these transactions, Anita Kroll directly holds 19,107 TDS common shares and 2,926 restricted stock units. These figures reflect her position following the RSU vesting settlement and related tax-withholding share disposition described in the Form 4.

Are the TDS Form 4 transactions for Anita Kroll open-market trades?

No, the transactions are not open-market trades. They involve RSU vesting and settlement into common shares, plus 688 shares withheld to satisfy taxes. This pattern is typical of equity compensation events rather than discretionary stock purchases or sales.