[Form 4] TELEPHONE & DATA SYSTEMS INC /DE/ Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Telephone & Data Systems executive Anthony J. Carlson, President of Array, reported routine equity-compensation activity. On May 21, 2026, 695 restricted stock units vested and were settled into the same number of common shares under TDS' Long Term Incentive Plan.
To cover taxes, 204 of these common shares were withheld, resulting in a net issuance of 491 shares to Carlson. After these transactions, he holds 32,614 common shares directly, and a voting trust for which he serves as trustee holds 71,399 common shares. A dividend reinvestment plan account holds an additional 33,692 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
695 shares exercised/converted
Mixed
4 txns
Insider
Carlson Anthony J
Role
President of Array
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 695 | $0.00 | -- |
| Exercise | Common Shares | 695 | $41.20 | $29K |
| Tax Withholding | Common Shares | 204 | $41.20 | $8K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,390 shares (Direct, null);
Common Shares — 32,818 shares (Direct, null);
Common Shares — 71,399 shares (Indirect, By Voting Trust)
Footnotes (1)
- Restricted stock units were awarded on May 21, 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. Shares withheld to pay taxes. Reporting person is a trustee of a voting trust which is record owner of these Common Shares and which files its holdings on a form 4. Reporting person also holds 33,692 Common Shares in the dividend reinvestment plan.
Key Figures
RSUs vested: 695 shares
Shares withheld for taxes: 204 shares
Exercise/settlement price: $41.20 per share
+3 more
6 metrics
RSUs vested
695 shares
Restricted stock units settled into common shares on May 21, 2026
Shares withheld for taxes
204 shares
Tax-withholding disposition coded F on May 21, 2026
Exercise/settlement price
$41.20 per share
Price per share reported for 695 common shares related to RSU settlement
Direct common shares after transactions
32,614 shares
Total TDS common shares directly held following the May 21, 2026 transactions
Voting trust common shares
71,399 shares
TDS common shares held by voting trust where Carlson is trustee
Dividend reinvestment plan shares
33,692 shares
TDS common shares held in dividend reinvestment plan account
Key Terms
Restricted stock units, Long Term Incentive Plan, tax-withholding disposition, voting trust
4 terms
Restricted stock units financial
"Restricted stock units were awarded on May 21, 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 May 21, 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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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.
voting trust financial
"Reporting person is a trustee of a voting trust which is record owner of these Common Shares"
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.
