TDS insider gifts 227K shares, updates holdings
TDS vice chair Leroy T. Carlson Jr. reported a large bona fide gift and detailed direct and indirect Common Share holdings, including Voting Trust interests.
Rhea-AI Filing Summary
TELEPHONE & DATA SYSTEMS INC (TDS) director and vice chair Leroy T. Carlson Jr. reported a bona fide gift transfer of 227,190 Common Shares on September 16, 2026, at a reported price of $0.00 per share, leaving 253,170 Common Shares held directly afterward.
He also reports indirect holdings through family members, multiple trusts, and a Voting Trust, including 1,813,360 Common Shares held by a Voting Trust in which he is a member. The filing states no Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
227,190 shares gifted
Gift
8 txns
Insider
CARLSON LEROY T JR
Role
Vice Chair
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Shares | 227,190 | $0.00 | $0.00 |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common | -- | -- | -- |
| holding | Common Shares F1 | -- | -- | -- |
Holdings After Transaction:
Common Shares — 253,170 shares (Direct);
Common Shares — 140,000 shares (Indirect, By Wife);
Common Shares — 78,521.322 shares (Indirect, By Wife 2026 Trust);
Common Shares — 500,000 shares (Indirect, By 2026 Trust);
Common Shares — 85,149.928 shares (Indirect, By Wife 2003 Trust);
Common Shares — 211,758 shares (Indirect, By Trust);
Common — 78,943 shares (Indirect, By Trust);
Common Shares — 1,813,360 shares (Indirect, By Voting Trust)
Footnotes (1)
- F1. 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.
Key Figures
Shares gifted: 227,190 Common Shares
Direct holdings after transaction: 253,170 Common Shares
Indirect holdings by Wife: 140,000 Common Shares
+5 more
8 metrics
Shares gifted
227,190 Common Shares
Bona fide gift reported on September 16, 2026
Direct holdings after transaction
253,170 Common Shares
Direct ownership by Leroy T. Carlson Jr. following the gift
Indirect holdings by Wife
140,000 Common Shares
Indirect ownership described as held "By Wife"
Indirect holdings by Wife 2026 Trust
78,521.322 Common Shares
Indirect ownership described as held "By Wife 2026 Trust"
Indirect holdings by 2026 Trust
500,000 Common Shares
Indirect ownership described as held "By 2026 Trust"
Indirect holdings by Wife 2003 Trust
85,149.928 Common Shares
Indirect ownership described as held "By Wife 2003 Trust"
Indirect holdings by Voting Trust
1,813,360 Common Shares
Indirect ownership described as held "By Voting Trust"
Family partnership shares within Voting Trust
693,778 Common Shares
Portion of Voting Trust holdings held by a family partnership
Key Terms
bona fide gift, Voting Trust, pecuniary interest, dividend reinvestment plan
4 terms
bona fide gift financial
"Transaction code G is described as a bona fide gift"
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
"Indirect holdings include Common Shares held by a Voting Trust"
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.
pecuniary interest financial
"Family members that have a pecuniary interest in such shares"
dividend reinvestment plan financial
"Includes shares accumulated 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did TDS insider Leroy T. Carlson Jr. report on this Form 4 for TDS?
He reported a bona fide gift transfer of 227,190 Common Shares of Telephone & Data Systems Inc. on September 16, 2026, along with updated direct and indirect Common Share holdings, including family-related entities and a Voting Trust.
What indirect TDS holdings does Leroy T. Carlson Jr. report, including trusts and family interests?
He reports indirect holdings including 140,000 Common Shares held by his wife, 78,521.322 shares by a Wife 2026 Trust, 500,000 shares by a 2026 Trust, 85,149.928 shares by a Wife 2003 Trust, and 211,758 and 78,943 shares held by trusts.
Was the TDS Form 4 transaction for Leroy T. Carlson Jr. under a Rule 10b5-1 plan?
No. The Form 4 indicates that no Rule 10b5-1 trading plan is reported for these transactions, meaning the bona fide gift and the disclosed holdings are not stated to be executed under such a pre-arranged trading plan.
What type of transaction code is used for the TDS insider’s Form 4 gift?
The transaction uses code G, which the Form 4 describes as a bona fide gift of TDS Common Shares. This reflects a disposition by gift rather than an open-market purchase or sale and is reported with a price of $0.00 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
