TDS SVP exercises options, net 5,482 new shares
TELEPHONE & DATA SYSTEMS INC senior vice president of strategy and corporate development Joseph R. Hanley exercised stock options and settled related obligations in shares.
Rhea-AI Filing Summary
TELEPHONE & DATA SYSTEMS INC senior vice president of strategy and corporate development Joseph R. Hanley exercised stock options and settled related obligations in shares. He exercised options for a total of 20,171 common shares at exercise prices of $25.36 and $19.15 per share under the TDS Long-Term Incentive Plan. To cover the option strike cost and associated taxes, 14,689 shares were withheld at a price of $42.06 per share, as described in the footnotes, resulting in a net increase of 5,482 directly held common shares. Following these transactions, Hanley directly owns 112,145 common shares. The options exercised were originally granted in 2020 and 2021 and vested on the third anniversary of their grant dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,171 shares exercised/converted
Exercise
5 txns
Insider
Hanley Joseph R
Role
SVP-Strategy & Corp Dev
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option (Right to Buy) | 12,423 | $0.00 | $0.00 |
| Exercise | Option (Rigft to Buy) | 7,748 | $0.00 | $0.00 |
| Exercise | Common Shares | 12,423 | $19.15 | $238K |
| Exercise | Common Shares | 7,748 | $25.36 | $196K |
| Exercise Price or Tax Liability | Common Shares | 14,689 | $42.06 | $618K |
Holdings After Transaction:
Option (Right to Buy) — 0 contracts (Direct);
Option (Rigft to Buy) — 0 contracts (Direct);
Common Shares — 112,145 shares (Direct)
Footnotes (3)
- F1. Shares withheld to pay for strike price (10,328) and taxes (4,361)
- F2. Granted on May 21, 2020 under the TDS Long-Term Incentive Plan. Stock options vested on the third annual anniversary of the grant date.
- F3. Granted on May 19, 2021 under the TDS Long-Term Incentive Plan. Stock options vested on the third annual anniversary of the grant date.
Key Figures
Options exercised (total shares): 20,171 shares
Shares withheld for strike and taxes: 14,689 shares
Net increase in common shares: 5,482 shares
+4 more
7 metrics
Options exercised (total shares)
20,171 shares
Common shares acquired via option exercises on 2026-05-19
Shares withheld for strike and taxes
14,689 shares
Withheld at $42.06/share to cover strike and tax
Net increase in common shares
5,482 shares
Options exercised minus shares withheld
Post-transaction holdings
112,145 shares
Direct TDS common shares after 2026-05-19 transactions
Exercise price (2020 grant)
$25.36/share
Exercise price for 7,748-option grant exercised
Exercise price (2021 grant)
$19.15/share
Exercise price for 12,423-option grant exercised
Tax-withholding price
$42.06/share
Price used for 14,689-share withholding
Key Terms
TDS Long-Term Incentive Plan, stock options, tax-withholding disposition, Exercise or conversion of derivative security, +1 more
5 terms
TDS Long-Term Incentive Plan financial
"Granted on May 21, 2020 under the TDS Long-Term Incentive Plan."
stock options financial
"Stock options vested on the third annual anniversary of the grant date."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
tax-withholding disposition financial
"transaction_action: 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.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
exercise price financial
"Shares withheld to pay for strike price (10,328) and taxes (4,361)"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What insider transactions did TDS executive Joseph R. Hanley report?
Joseph R. Hanley reported exercising stock options for 20,171 TDS common shares and a related share withholding. The moves reflect option exercises and tax/strike-price settlement in shares rather than open-market buying or selling, increasing his direct ownership position overall.
Were Joseph R. Hanley’s TDS transactions open-market buys or sells?
The filing shows no open-market buys or sells of TDS stock. Instead, it reports option exercises classified as derivative exercises and a tax-withholding disposition, where shares were withheld to cover the strike price and taxes rather than sold in the market.
Which option grants did Joseph R. Hanley exercise at TDS?
He exercised options granted on May 21, 2020 and May 19, 2021 under the TDS Long-Term Incentive Plan. Each grant vested on the third anniversary of its grant date before being exercised into common shares as shown in the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
