Dirk Woessner of Telephone & Data Systems (NYSE: TDS) gets 2,905-share grant

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Telephone & Data Systems director Dirk S. Woessner reported routine equity compensation and related tax withholding. On May 21, 2026, he received 2,905 Common Shares at $41.20 per share as a grant under a compensation plan for non-employee directors, and 228 shares were withheld to cover taxes. Following these transactions, his direct holdings were reported between 15,244 and 15,472 Common Shares, indicating a net increase in his equity position from this award.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Woessner Dirk S

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	2,905	$41.20	$120K
Tax Withholding	Common Shares	228	$41.20	$9K

Holdings After Transaction: Common Shares — 15,472 shares (Direct, null)

Footnotes (1)

Shares acquired pursuant to compensation plan for non-employee directors Shares withheld to pay taxes.

Key Figures

Share grant: 2,905 Common Shares Grant price: $41.20 per share Tax withholding shares: 228 Common Shares +3 more

6 metrics

Share grant 2,905 Common Shares Grant/award acquisition on May 21, 2026

Grant price $41.20 per share Price reported for Common Shares grant

Tax withholding shares 228 Common Shares Shares withheld to pay taxes on May 21, 2026

Holdings after tax withholding 15,244 Common Shares Direct holdings following tax-withholding disposition

Holdings after grant 15,472 Common Shares Direct holdings following share grant

Tax-withholding count 1 transaction, 228 shares TaxWithholdingCount and TaxWithholdingShares summary

Key Terms

tax-withholding disposition, grant/award acquisition, compensation plan for non-employee directors, Form 4, +1 more

5 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" for 228 Common Shares"

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.

grant/award acquisition financial

"transaction_action: "grant/award acquisition" for 2,905 Common Shares"

compensation plan for non-employee directors financial

"Shares acquired pursuant to compensation plan for non-employee directors"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Common Shares financial

"security_title: "Common Shares" in both reported transactions"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

Form 4 Insider Transactions: What Each Field Means →

05/26/2026 - 04:25 PM

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^*

Woessner Dirk S

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	05/21/2026		A⁽¹⁾		2,905	A	$41.2	15,472	D
Common Shares	05/21/2026		F⁽²⁾		228	D	$41.2	15,244	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares acquired pursuant to compensation plan for non-employee directors

2. Shares withheld to pay taxes.

Remarks:

	John M. Toomey, by power of atty.	05/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did TDS director Dirk S. Woessner report in this Form 4 filing?

Dirk S. Woessner reported a stock grant and related tax withholding. He received 2,905 TDS Common Shares under a non-employee director compensation plan, with 228 shares withheld to pay taxes, resulting in a net increase in his directly held shares.

How many TDS shares were granted to Dirk S. Woessner and at what price?

He was granted 2,905 TDS Common Shares at a reported price of $41.20 per share. This grant was classified as a "grant, award, or other acquisition" and was made pursuant to a compensation plan for non-employee directors of Telephone & Data Systems.

Why were 228 TDS shares disposed of in Dirk S. Woessner’s Form 4?

The 228 TDS shares were withheld to pay taxes on the equity award, not sold on the open market. The filing classifies this as a tax-withholding disposition, meaning the shares were retained by the issuer to satisfy Woessner’s tax liability.

How many TDS shares does Dirk S. Woessner hold after these transactions?

After the tax withholding transaction, his direct holdings were reported as 15,244 Common Shares, and after the grant transaction they were reported as 15,472 shares. These figures show his equity position increased overall due to the director compensation award.

Are Dirk S. Woessner’s TDS transactions open-market buys or sells?

No, the reported transactions are compensation-related, not open-market trades. One entry reflects a grant of 2,905 Common Shares, while the other reflects 228 shares withheld for taxes. The filing shows no open-market purchases or sales of TDS stock.