TDS (NYSE: TDS) vice chair receives 12,021 restricted stock units as equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CARLSON LEROY T JR reported acquisition or exercise transactions in this Form 4 filing.
Telephone & Data Systems, Inc. reported a new equity award to a senior executive. Vice Chair Leroy T. Carlson Jr. received a grant of 12,021 restricted stock units tied to common shares. These units were awarded under the TDS Long Term Incentive Plan at no cash cost to him.
According to the award terms, one-third of the restricted stock units will vest on each of the first, second and third anniversaries of the grant date, aligning his compensation with multi‑year company performance. Following this grant, he is reported as holding 12,021 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CARLSON LEROY T JR
Role
Vice Chair
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 12,021 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 12,021 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 12,021 units
Transaction price per RSU: $0.00 per unit
Underlying common shares: 12,021 shares
+1 more
4 metrics
RSU grant size
12,021 units
Restricted stock units granted on 2026-05-20
Transaction price per RSU
$0.00 per unit
Compensation grant, not open-market purchase
Underlying common shares
12,021 shares
Common shares underlying RSU award
RSUs held after transaction
12,021 units
Total restricted stock units following grant
Key Terms
Restricted Stock Units, Long Term Incentive Plan, vest, Grant Date
4 terms
Restricted Stock Units financial
"Restricted stock units awarded 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 awarded 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.
vest financial
"One-third of the restricted stock units will vest on the first, second and third annual anniversaries of the Grant Date."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Grant Date financial
"One-third of the restricted stock units will vest on the first, second and third annual anniversaries of the Grant Date."
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
FAQ
What insider transaction did TDS report for Leroy T. Carlson Jr. on this Form 4?
TDS reported that Vice Chair Leroy T. Carlson Jr. received a grant of 12,021 restricted stock units. The award is compensation under the Long Term Incentive Plan, not an open-market share purchase, and represents additional equity-based pay tied to TDS common shares.
How many restricted stock units did the TDS vice chair receive and at what price?
The TDS vice chair received 12,021 restricted stock units at a stated transaction price of $0.00 per unit. This reflects a compensation grant rather than a market trade, with the units representing rights to receive an equivalent number of TDS common shares upon vesting.
What are the vesting terms of the restricted stock units granted by TDS?
The restricted stock units vest in three equal installments over three years. One-third of the 12,021 units will vest on each of the first, second and third anniversaries of the grant date, creating a staggered schedule that encourages longer-term alignment with TDS performance.
What equity position does the Form 4 show for Leroy T. Carlson Jr. after the grant?
After the grant, the Form 4 reports Leroy T. Carlson Jr. as holding 12,021 restricted stock units directly. These RSUs are tied to TDS common shares and reflect unvested equity compensation, which will convert into shares as the units vest over the three-year schedule.
Is the TDS Form 4 filing about a stock sale or a compensation grant?
The Form 4 reflects a compensation grant, not a stock sale. It shows an "A"-code transaction where 12,021 restricted stock units were awarded under the TDS Long Term Incentive Plan, with no open-market buying or selling reported in this filing.