TDS vice chair settles 4,961 RSUs, withholds shares
Telephone & Data Systems vice chair Leroy T. Carlson Jr. reported routine equity-compensation activity involving restricted stock units.
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Form Type
4
Rhea-AI Filing Summary
Telephone & Data Systems vice chair Leroy T. Carlson Jr. reported routine equity-compensation activity involving restricted stock units. On May 21, 2026, 4,961 restricted stock units converted into an equal number of common shares at a stated value of $41.20 per share.
Of these shares, 2,198 were withheld to cover taxes, a non-market disposition that does not represent an open-market sale. Following the transactions, Carlson directly held 871,569 common shares and 9,922 restricted stock units, with additional indirect holdings through various trusts, a voting trust, and family accounts.
Insider Trade Summary
4,961 shares exercised/converted
Exercise
9 txns
Insider
CARLSON LEROY T JR
Role
Vice Chair
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,961 | $0.00 | $0.00 |
| Exercise | Common Shares | 4,961 | $41.20 | $204K |
| Exercise Price or Tax Liability | Common Shares | 2,198 | $41.20 | $91K |
| holding | Common Shares | -- | -- | -- |
| holding | Common | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 9,922 contracts (Direct);
Common Shares — 871,569 shares (Direct);
Common Shares — 524,000 shares (Indirect, By trust);
Common — 78,943 shares (Indirect, By Trust);
Common Shares — 40,978.32 shares (Indirect, By Wife's Trust);
Common Shares — 1,813,229 shares (Indirect, By Voting Trust);
Common Shares — 37,543 shares (Indirect, By Wife)
Footnotes (4)
- F1. 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.
- F2. Shares withheld to pay taxes on restricted stock units.
- F3. Includes 312,242 Common Shares held through dividend reinvestment.
- F4. Reporting person is a member of a voting trust which is record owner of these Common Shares and which files its holdings on a form 4. The shares reported are held by respective reporting person and their family members that have a pecuniary interest in such securities. Includes 693,751 Common Shares held by a family partnership of which reporting person is a general partner, of which 23,754 has been accumulated in dividend reinvestment. Reporting person also holds 30,538 Common Shares in the dividend reinvestment plan.
Key Figures
RSUs settled: 4,961 shares
Tax-withheld shares: 2,198 shares
Implied RSU share value: $41.20/share
+4 more
7 metrics
RSUs settled
4,961 shares
Restricted stock units converted to common shares on May 21, 2026
Tax-withheld shares
2,198 shares
Shares withheld to pay taxes on vested RSUs
Implied RSU share value
$41.20/share
Stated price for RSU settlement and tax withholding
Direct common shares after transactions
873,767 shares
Direct TDS common share holdings following Form 4 transactions
Remaining RSUs
9,922 units
Restricted stock units outstanding after first vesting tranche
Voting trust indirect holding
1,813,229 shares
Common Shares held indirectly by voting trust associated with reporter
Dividend reinvestment trust holding
312,242 shares
Trust position including shares from dividend reinvestment
Key Terms
Restricted stock units, Long Term Incentive Plan, dividend reinvestment, voting trust, +1 more
5 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.
dividend reinvestment financial
"Includes 312,242 Common Shares held through dividend reinvestment."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
voting trust financial
"Reporting person is a member 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.
family partnership financial
"Includes 693,751 Common Shares held by a family partnership of which reporting person is a general partner"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did TDS vice chair Leroy Carlson Jr. report?
Leroy T. Carlson Jr. reported settlement of 4,961 restricted stock units into common shares. The event reflects vesting under a long-term incentive award rather than an open-market trade, making it routine compensation-related activity for Telephone & Data Systems (TDS).
What restricted stock unit balance remains for the TDS vice chair?
Following the vesting event, 9,922 restricted stock units remain outstanding for Leroy T. Carlson Jr. These RSUs were originally granted under TDS’ Long Term Incentive Plan and vest in three equal annual installments from the May 21, 2025 grant date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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