TDS executive exercises RSUs, covers tax with shares
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.
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Form Type
4
Rhea-AI Filing Summary
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.
Insider Trade Summary
4,653 shares exercised/converted
Exercise
3 txns
Insider
Dixon Kenneth S.
Role
President & CEO, subsidiary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,653 | $0.00 | $0.00 |
| Exercise | Common Shares | 4,653 | $39.33 | $183K |
| Exercise Price or Tax Liability | Common Shares | 1,489 | $39.33 | $59K |
Holdings After Transaction:
Restricted Stock Units — 9,306 contracts (Direct);
Common Shares — 3,164 shares (Direct)
Footnotes (2)
- F1. Restricted stock units were awarded on June 9, 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.
- F2. Shares withheld to pay taxes.
Key Figures
RSUs vested and converted: 4,653 units/shares
Shares withheld for taxes: 1,489 shares at $39.33
Common shares held after: 3,164 shares
+2 more
5 metrics
RSUs vested and converted
4,653 units/shares
Restricted stock units converted into common shares on June 9, 2026
Shares withheld for taxes
1,489 shares at $39.33
Common shares withheld to pay taxes on June 9, 2026
Common shares held after
3,164 shares
Direct common share ownership following transactions
RSUs outstanding after
9,306 units
Restricted stock unit balance after vesting and settlement
Transaction price per share
$39.33 per share
Value used for tax-withholding disposition of 1,489 shares
Key Terms
Restricted stock units, Long Term Incentive Plan, vest, tax-withholding disposition, +1 more
5 terms
Restricted stock units financial
"Restricted stock units were awarded on June 9, 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 June 9, 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.
vest financial
"One-third of the restricted stock units will vest on the first, second and third annual anniversaries of the Grant Date."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did TDS executive Kenneth S. Dixon report on this Form 4?
Kenneth S. Dixon reported a vesting and settlement of restricted stock units. On June 9, 2026, 4,653 restricted stock units converted into common shares, and 1,489 of those shares were withheld at $39.33 per share to cover tax obligations under TDS' equity plan.
How many TDS restricted stock units vested for Kenneth Dixon in this Form 4?
4,653 restricted stock units vested and converted into TDS common shares. The filing notes these units were granted under TDS' Long Term Incentive Plan, with one-third vesting on each of the first three anniversaries of the June 9, 2025 grant date.
How many restricted stock units does Kenneth Dixon still hold in TDS after this Form 4?
Kenneth Dixon holds 9,306 restricted stock units after the transaction. The Form 4 shows a derivative balance of 9,306 restricted stock units following the vesting and settlement of 4,653 units into common shares on June 9, 2026.
Was Kenneth Dixon’s TDS Form 4 an open-market stock sale or routine compensation event?
The Form 4 reflects a routine compensation event, not an open-market sale. It records vesting and conversion of restricted stock units and 1,489 shares withheld for taxes, described as payment of tax liability by delivering securities, rather than discretionary buying or selling.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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