TDS vice chair reports RSU vesting and tax withholding
Telephone & Data Systems vice chair Leroy T. Carlson Jr. reported routine equity compensation activity.
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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. On June 11, 2026, restricted stock units granted on June 11, 2024 under the Long Term Incentive Plan partially vested, converting into 45,135 common shares. To cover taxes, 18,935 shares were withheld. Following these transactions, Carlson directly holds 897,769 common shares and continues to hold additional indirect positions through various trusts, a voting trust, a family partnership, and his spouse’s accounts.
Insider Trade Summary
0 shares exercised/converted
Exercise
9 txns
Insider
CARLSON LEROY T JR
Role
Vice Chair
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 0 | $0.00 | $0.00 |
| Exercise | Common Shares | 45,135 | $40.03 | $1.81M |
| Exercise Price or Tax Liability | Common Shares | 18,935 | $40.03 | $758K |
| holding | Common Shares | -- | -- | -- |
| holding | Common | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 45,134 contracts (Direct);
Common Shares — 897,769 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 June 11, 2024, 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 second vesting. Each restricted stock unit ("RSU") represents the right to receive one common share.
- F2. Shares withheld to pay taxes.
- 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 Converted: 45,135 common shares
Shares Withheld for Taxes: 18,935 shares
Direct Holdings After Transactions: 897,769 common shares
+4 more
7 metrics
RSUs Converted
45,135 common shares
Restricted stock units settled on June 11, 2026
Shares Withheld for Taxes
18,935 shares
F-code tax-withholding disposition on June 11, 2026
Direct Holdings After Transactions
897,769 common shares
Direct ownership following June 11, 2026 entries
Remaining RSUs
45,134 units
Restricted stock units outstanding after settlement
Voting Trust Holdings
1,813,229 common shares
Indirect ownership via voting trust
Dividend Reinvestment Trust Shares
312,242 common shares
Indirect trust holdings including dividend reinvestment
Exercise Price Reference
$40.03 per share
Price shown on M and F transactions for common shares
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 June 11, 2024, 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 June 11, 2024, 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 activity did TDS vice chair Leroy T. Carlson Jr. report?
Leroy T. Carlson Jr. reported vesting of restricted stock units that converted into 45,135 TDS common shares, along with 18,935 shares withheld to pay taxes. These were routine equity compensation and tax-withholding entries, not open-market purchases or sales.
What restricted stock unit vesting did TDS disclose for Leroy T. Carlson Jr.?
The filing notes RSUs awarded on June 11, 2024 under TDS’s Long Term Incentive Plan. One-third vests annually, and this Form 4 reflects settlement of the second vesting tranche, with each RSU converting into one TDS common share.
How many restricted stock units remain outstanding for Leroy T. Carlson Jr. at TDS?
After this vesting, the derivative table shows 45,134 restricted stock units remaining. Each unit represents the right to receive one TDS common share upon future vesting or settlement, continuing his equity-based compensation exposure to the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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