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Telephone & Data Systems (NYSE: TDS) director reports 2,905-share grant and tax withholding

(Moderate)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

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.

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Insider Woessner Dirk S
Role Director
Type Security Shares Price Value
Grant/Award Common Shares 2,905 $41.20 $120K
Exercise Price or Tax Liability Common Shares 228 $41.20 $9K
Holdings After Transaction: Common Shares — 15,244 shares (Direct)
Footnotes (2)
  1. F1. Shares acquired pursuant to compensation plan for non-employee directors
  2. F2. Shares withheld to pay taxes.
Shares granted 2,905 common shares Grant, award, or other acquisition on May 21, 2026
Grant price $41.20 per share Price for 2,905 common shares acquired on May 21, 2026
Tax-withheld shares 228 common shares Tax-withholding disposition on May 21, 2026
Tax-withholding price $41.20 per share Price applied to 228 shares disposed for tax withholding
Post-transaction holdings 15,244 common shares Direct ownership of common shares after reported transactions
grant, award, or other acquisition financial
"Reported as a grant, award, or other acquisition of common shares"
tax-withholding disposition financial
"Described as a tax-withholding disposition of 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.
Rule 10b5-1 regulatory
"The Rule 10b5-1 checkbox was not marked for these transactions"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
compensation plan for non-employee directors financial
"Shares acquired pursuant to compensation plan for non-employee directors"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transactions did TDS director Dirk S. Woessner report?

Dirk S. Woessner reported a grant of 2,905 common shares of Telephone & Data Systems on May 21, 2026, at $41.20 per share, plus a related tax-withholding disposition of 228 shares on the same date.

How many TDS shares did Dirk S. Woessner acquire and at what price?

He acquired 2,905 common shares of TDS at $41.20 per share on May 21, 2026. The transaction was reported as a grant, award, or other acquisition of non-derivative common shares held directly.

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

The filing reports a tax-withholding disposition228 common shares at $41.20 per share on May 21, 2026. A footnote explains that certain shares were withheld to pay taxes associated with the equity award.

What is Dirk S. Woessner’s TDS share ownership after these transactions?

Following the reported grant and tax-withholding disposition, Dirk S. Woessner directly owns 15,244 common shares of Telephone & Data Systems. This post-transaction holding reflects his direct ownership position reported in the filing’s holdings table.

Were Dirk S. Woessner’s TDS transactions under a Rule 10b5-1 plan?

The Form 4 indicates the Rule 10b5-1 checkbox was not marked, meaning these transactions were not reported as executed under a pre-arranged 10b5-1 trading plan. Footnotes instead reference director compensation and tax withholding.
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*
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)
XDirector10% 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)
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 Shares05/21/2026A(1)2,905A$41.215,472D
Common Shares05/21/2026F(2)228D$41.215,244D
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
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 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)