TDS director gifts, reallocates 1.07M shares
TDS’s Vice Chair reported over one million shares moved through gifts and family trust restructurings, with no open‑market trading disclosed.
Rhea-AI Filing Summary
TELEPHONE & DATA SYSTEMS INC (TDS) director and Vice Chair Leroy T. Carlson Jr. reported a series of bona fide gifts and related family-entity transfers of Common Shares and Series A Common Shares dated September 3, 2026. These include a gift of 144,599 Common Shares from his direct holdings, a receipt of 140,000 Common Shares held indirectly through his wife, and movements of shares into new Grantor Retained Annuity Trusts and among voting trusts and family trusts. No open‑market purchases or sales are reported, and no transactions are stated to be under a Rule 10b5‑1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,071,819.236 shares gifted
Gift
21 txns
Insider
CARLSON LEROY T JR
Role
Vice Chair
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Series A Common Shares F5 | 18,279.878 | $0.00 | $0.00 |
| Gift | Series A Common Shares F5 | 18,279.878 | $0.00 | $0.00 |
| Gift | Series A Common Shares F5, F6 | 58,993.462 | $0.00 | $0.00 |
| Gift | Series A Common Shares F5, F6 | 58,993.462 | $0.00 | $0.00 |
| Gift | Series A Common Shares F5, F6 | 2,108.804 | $0.00 | $0.00 |
| Gift | Series A Common Shares F5, F6 | 2,108.804 | $0.00 | $0.00 |
| Gift | Series A Common Shares F5 | 296.914 | $0.00 | $0.00 |
| Gift | Series A Common Shares F5 | 296.914 | $0.00 | $0.00 |
| Gift | Common Shares F1, F2 | 144,599 | $0.00 | $0.00 |
| Gift | Common Shares F3 | 140,000 | $0.00 | $0.00 |
| Gift | Common Shares F4 | 116,374.122 | $0.00 | $0.00 |
| Gift | Common Shares F4 | 116,374.122 | $0.00 | $0.00 |
| Gift | Common Shares F4 | 112,407.01 | $0.00 | $0.00 |
| Gift | Common Shares F4 | 112,407.01 | $0.00 | $0.00 |
| Gift | Common Shares F1 | 85,149.928 | $0.00 | $0.00 |
| Gift | Common Shares | 85,149.928 | $0.00 | $0.00 |
| holding | Series A Common Shares F5 | -- | -- | -- |
| holding | Series A Common Shares F5 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares F3 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Series A Common Shares — 11,424 contracts (Indirect, By Trust);
Series A Common Shares — 18,279.878 contracts (Indirect, By Wife 2003 Trust);
Series A Common Shares — 7,917,180 contracts (Indirect, By Voting Trust);
Series A Common Shares — 0 contracts (Indirect, By Wife's Trust);
Series A Common Shares — 296.914 contracts (Indirect, By 2003 Trust);
Common Shares — 253,170 shares (Direct);
Common Shares — 140,000 shares (Indirect, By Wife);
Common Shares — 1,813,360 shares (Indirect, By Voting Trust);
Common Shares — 0 shares (Indirect, By 2024 Trust);
Common Shares — 85,149.928 shares (Indirect, By Wife 2003 Trust);
Series A Common Shares — 12,858.0467 contracts (Indirect, By Dynasty Trust);
Common Shares — 500,000 shares (Indirect, By 2026 Trust);
Common Shares — 78,521.322 shares (Indirect, By Wife 2026 Trust);
Common Shares — 211,758 shares (Indirect, By Trust)
Footnotes (6)
- F1. Reporting person, in accordance with the provisions of a Grantor Retained Annuity Trust ("GRAT"), had shares of common stock distributed from GRAT to the reporting person as an annuity payment in accordance with the terms of the GRAT. The transfer is exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act.
- F2. These figures reflect a transfer of 500,000 shares to a new GRAT. The transfer is exempt from Section 16 pursuant to Rule 16A-13 under the Exchange Act.
- F3. These figures reflect a transfer of 78,521.322 shares to a new GRAT. The transfer is exempt from Section 16 pursuant to Rule 16A-13 under the Exchange Act.
- F4. Reporting person is a member of the Voting Trust which separately files on Forms 4 for the issuer. The Common Shares reported are held by reporting person and his family members that have a pecuniary interest in such shares. Includes 693,778 Common Shares held by a family partnership of which reporting person is a general partner, of which 23,780 has been accumulated in dividend reinvestment. This number also includes Common Shares that the reporting person accumulates in the dividend reinvestment plan.
- F5. Series A Common shares are convertible, on a share-for-share basis, into common shares.
- F6. Reporting person is a member of the Voting Trust which separately files on Forms 4 for the issuer. The Series A shares reported are held by reporting person and his family members that have a pecuniary interest in such shares. Includes 756,363 Series A Shares held by a family partnership of which reporting person is a general partner, of which 28,075.6 has been accumulated in dividend reinvestment. This number also includes Series A Shares that the reporting person accumulates in the dividend reinvestment plan.
Key Figures
Total shares in gifts and related transfers: 1,071,819.236 shares
Direct Common Shares after gift: 253,170 shares
Common Shares gifted from direct holdings: 144,599 shares
+5 more
8 metrics
Total shares in gifts and related transfers
1,071,819.236 shares
Aggregate gift and related transactions reported for September 3, 2026
Direct Common Shares after gift
253,170 shares
Common Shares held directly by Leroy T. Carlson Jr. after gifting 144,599 shares
Common Shares gifted from direct holdings
144,599 shares
Bona fide gift of Common Shares from direct ownership on September 3, 2026
Common Shares held indirectly through wife
140,000 shares
Indirect Common Shares reported as held by wife after gift transfer
Common Shares moved to new GRAT
500,000 shares
Transfer to a new Grantor Retained Annuity Trust described in a footnote
Additional shares moved to new GRAT
78,521.322 shares
Further Common Shares transferred to a new GRAT per footnote
Series A underlying Common Shares in one indirect holding
11,424 shares
Underlying Common Shares for Series A Common Shares held by a trust
Series A underlying Common Shares in dynasty trust
12,858.0467 shares
Underlying Common Shares for Series A Common Shares held by a dynasty trust
Key Terms
Grantor Retained Annuity Trust, bona fide gift, voting trust, dividend reinvestment plan, +2 more
6 terms
Grantor Retained Annuity Trust financial
"in accordance with the provisions of a Grantor Retained Annuity Trust"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
bona fide gift financial
"The transfer is described as a bona fide gift of shares"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
voting trust financial
"Reporting person is a member of the Voting Trust which separately files on Forms 4"
A voting trust is an arrangement where shareholders temporarily transfer their voting rights to one or more trusted individuals (trustees) who vote on company matters on their behalf. It matters to investors because it consolidates decision-making power—like handing the car keys to a single driver for a journey—which can stabilize leadership or push through strategic plans but also reduces individual shareholders’ direct influence and can affect the company’s direction and stock value.
dividend reinvestment plan financial
"This number also includes Common Shares that the reporting person accumulates in the dividend reinvestment plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
pecuniary interest financial
"held by reporting person and his family members that have a pecuniary interest in such shares"
FAQ
What insider activity did TDS report for Leroy T. Carlson Jr. on September 3, 2026?
Leroy T. Carlson Jr. reported multiple bona fide gifts and related transfers of TDS Common Shares and Series A Common Shares on September 3, 2026, involving both his direct holdings and various family trusts and a voting trust.
Were the TDS insider’s transactions made under a Rule 10b5-1 trading plan?
No. The filing indicates that the Rule 10b5‑1 trading plan checkbox is not marked, and the footnotes describe exempt transfers under Rule 16a‑13 and trust structures, but do not state that any transaction was made pursuant to a Rule 10b5‑1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
