TDS (TDS) CFO Villacrez logs RSU vesting into 10,170 shares and 4,780-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Telephone and Data Systems (TDS) Executive Vice President and CFO Vicki L. Villacrez reported routine equity compensation activity involving restricted stock units and related tax withholding. On June 11, 2026, previously granted restricted stock units vested and were settled into 10,170 common shares, consistent with an award made on June 11, 2024 under TDS' Long Term Incentive Plan.
To cover tax obligations from this vesting, 4,780 common shares were withheld, a non-market disposition classified as a tax-withholding transaction rather than an open-market sale. After these transactions, Villacrez directly holds 72,425 common shares, reflecting ongoing equity-based compensation rather than discretionary buying or selling in the open market.
Positive
- None.
Negative
- None.
Insider Trade Summary
0 shares exercised/converted
Mixed
3 txns
Insider
Villacrez Vicki L
Role
Executive Vice President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 0 | $0.00 | -- |
| Exercise | Common Shares | 10,170 | $40.03 | $407K |
| Tax Withholding | Common Shares | 4,780 | $40.03 | $191K |
Holdings After Transaction:
Restricted Stock Units — 10,170 shares (Direct, null);
Common Shares — 77,205 shares (Direct, null)
Footnotes (1)
- Restricted stock units were awarded on June 11, 2024, 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 second vesting. Each restricted stock unit ("RSU") represents the right to receive one common share. Shares withheld to pay taxes.
Key Figures
RSUs settled: 10,170 shares
Shares withheld for taxes: 4,780 shares
Post-transaction holdings: 72,425 shares
+3 more
6 metrics
RSUs settled
10,170 shares
Restricted stock units settled into common shares on June 11, 2026
Shares withheld for taxes
4,780 shares
Common shares withheld to pay taxes on June 11, 2026
Post-transaction holdings
72,425 shares
Directly held TDS common shares after transactions
Intermediate holdings
77,205 shares
Directly held TDS common shares after RSU settlement before withholding
Reference share price
$40.03 per share
Price per share used in reported transactions on June 11, 2026
Tax withholding shares (summary)
4,780 shares
TaxWithholdingShares in transaction summary
Key Terms
Restricted stock units, Long Term Incentive Plan, tax-withholding disposition, derivative security
4 terms
Restricted stock units financial
"Restricted stock units were awarded on June 11, 2024, 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 11, 2024, 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 are reported as a tax-withholding disposition."
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.
derivative security financial
"The Form 4 describes the RSU settlement as an exercise or conversion of a derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did TDS CFO Vicki Villacrez report on this Form 4?
TDS CFO Vicki Villacrez reported vesting of 10,170 restricted stock units into common shares and withholding of 4,780 shares to pay taxes. These transactions reflect routine equity compensation and tax settlement, not open-market buying or selling of Telephone and Data Systems stock.
Were the TDS insider transactions open-market buys or sales of stock?
The reported TDS insider transactions were not open-market trades. They involved settlement of restricted stock units into 10,170 common shares and withholding of 4,780 shares to cover taxes, which is classified as a tax-withholding disposition rather than a discretionary market sale or purchase.
What is the origin and vesting schedule of the TDS restricted stock units in this filing?
The restricted stock units were awarded on June 11, 2024 under TDS' Long Term Incentive Plan. One-third of the RSUs vest on each of the first, second, and third anniversaries of the grant date. The current Form 4 reflects settlement of the second vesting installment.