Every Form 4 that Telephone & Data Sys Inc (TDS) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow TDS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TDS filings page.
TELEPHONE & DATA SYSTEMS INC (TDS) officer Anthony J. Carlson, President of Array and trustee of the TDS voting trust, reported acquiring Common Shares on September 3, 2026 through bona fide gifts of 511 shares to his direct holdings and 511 shares held indirectly by his wife. After these transactions, he reports 33,125 Common Shares held directly, 511 Common Shares held indirectly by his wife, and 71,476 Common Shares held indirectly through a voting trust. A footnote also states he holds 33,769 Common Shares in a dividend reinvestment plan, and no Rule 10b5-1 trading plan is reported.
TELEPHONE & DATA SYSTEMS INC (TDS) director and Vice Chair Leroy T. Carlson Jr. reported a series of bona fide gifts and related family-entity transfers of Common Shares and Series A Common Shares dated September 3, 2026. These include a gift of 144,599 Common Shares from his direct holdings, a receipt of 140,000 Common Shares held indirectly through his wife, and movements of shares into new Grantor Retained Annuity Trusts and among voting trusts and family trusts. No open‑market purchases or sales are reported, and no transactions are stated to be under a Rule 10b5‑1 trading plan.
Telephone and Data Systems (TDS) Executive Vice President and CFO Vicki L. Villacrez reported routine equity compensation activity involving restricted stock units and related tax withholding. On June 11, 2026, previously granted restricted stock units vested and were settled into 10,170 common shares, consistent with an award made on June 11, 2024 under TDS' Long Term Incentive Plan.
To cover tax obligations from this vesting, 4,780 common shares were withheld, a non-market disposition classified as a tax-withholding transaction rather than an open-market sale. After these transactions, Villacrez directly holds 72,425 common shares, reflecting ongoing equity-based compensation rather than discretionary buying or selling in the open market.
Telephone & Data Systems (TDS) vice president, controller and chief accounting officer Anita J. Kroll reported routine equity compensation activity. On June 11, 2026, 2,716 restricted stock units vested and were settled into an equal number of common shares under TDS' Long Term Incentive Plan. As part of this vesting, 1,277 common shares were withheld to pay taxes. After these transactions, Kroll directly owned 20,546 common shares.
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.
Telephone & Data Systems (TDS) director and subsidiary president Kenneth S. Dixon settled a vesting of restricted stock units into common shares and related tax obligations. On June 9, 2026, 4,653 restricted stock units converted into an equal number of common shares under TDS' Long Term Incentive Plan.
Of these, 1,489 common shares were withheld at a price of $39.33 per share to pay taxes, a non-market tax-withholding disposition. Following these transactions, Dixon directly holds 3,164 common shares and 9,306 restricted stock units, reflecting routine equity compensation activity rather than an open-market trade.
Telephone & Data Systems Inc. director George W. Off received a grant of 2,905 Common Shares of TDS stock on 2026-05-21 at a value of $41.20 per share. The shares were acquired pursuant to a compensation plan for non-employee directors, so this is a routine, non-cash award rather than an open-market purchase. After this grant, Off directly holds 78,807 Common Shares.
OLeary Christopher D reported acquisition or exercise transactions in this Form 4 filing.
Telephone & Data Systems director Christopher D. O’Leary received an equity award of 2,905 Common Shares on May 21, 2026 at a value of $41.20 per share. The shares were granted under a compensation plan for non-employee directors, increasing his direct holdings to 48,088 Common Shares.
Telephone & Data Systems director Kimberly D. Dixon received a grant of 2,905 Common Shares of TDS stock on May 21, 2026. The shares were acquired at a price of $41.20 per share pursuant to a compensation plan for non-employee directors. Following this award, Dixon directly holds 45,703 Common Shares.
Telephone & Data Systems Inc. director Wade Oosterman received a grant of 2,905 common shares. The shares were acquired on May 21, 2026 at a reported value of $41.20 per share.
The filing states these shares were acquired pursuant to a compensation plan for non-employee directors. Following this award, Oosterman directly holds 42,223 common shares, indicating this is a routine equity-based compensation event rather than an open-market purchase or sale.
Telephone & Data Systems director Dirk S. Woessner reported a grant of 2,905 common shares at $41.20 per share on May 21, 2026. On the same date, 228 shares were disposed in a tax-withholding transaction. After these transactions, he directly holds 15,244 common shares.
TELEPHONE & DATA SYSTEMS INC director Letitia G. C. Carlson received an equity award of 2,905 Common Shares of TDS on May 21, 2026 at $41.20 per share. The shares were acquired under a compensation plan for non-employee directors, so this is a stock-based compensation grant rather than an open-market purchase.
Following the grant, Carlson directly holds 195,692 Common Shares. She is also a trustee of a voting trust that is record owner of 1,920,795 Common Shares, including 693,751 shares held by a family partnership and additional shares accumulated through dividend reinvestment plans, in which she and her family members have a pecuniary interest.
Carlson Prudence E reported acquisition or exercise transactions in this Form 4 filing.
Telephone & Data Systems director Prudence E. Carlson received an equity grant of 2,905 Common Shares at $41.20 per share. The award was made under a compensation plan for non-employee directors and increased her direct holdings to 308,539 Common Shares, including 49,851 shares held through dividend reinvestment.
Separately, a voting trust associated with Carlson reports indirect ownership of 1,634,964 Common Shares, in which she and certain family members have a pecuniary interest. This includes 693,751 shares held by a family partnership, 23,754 of which were accumulated through dividend reinvestment, and 33,637 shares held by Carlson in a dividend reinvestment plan.
Telephone & Data Systems President and CEO Walter Carlson reported routine equity-compensation activity involving common shares and restricted stock units. On May 21, 2026, 11,905 restricted stock units vested and were settled into an equal number of common shares at an indicated value of $41.20 per share. To cover tax obligations on this vesting, 5,016 common shares were withheld at the same per-share value, leaving 228,609 common shares held directly. Carlson is also associated with 2,091,733 common shares held indirectly through a voting trust and related family entities, including shares accumulated via dividend reinvestment. Following this vesting event, 23,810 restricted stock units remain outstanding.
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.
Telephone & Data Systems executive Anthony J. Carlson, President of Array, reported routine equity-compensation activity. On May 21, 2026, 695 restricted stock units vested and were settled into the same number of common shares under TDS' Long Term Incentive Plan.
To cover taxes, 204 of these common shares were withheld, resulting in a net issuance of 491 shares to Carlson. After these transactions, he holds 32,614 common shares directly, and a voting trust for which he serves as trustee holds 71,399 common shares. A dividend reinvestment plan account holds an additional 33,692 common shares.
Telephone & Data Systems (TDS) Executive Vice President & CFO Vicki L. Villacrez reported routine equity compensation activity. She exercised 5,478 restricted stock units into an equal number of common shares, reflecting a scheduled vesting under the company’s Long Term Incentive Plan.
On the same date, 2,575 common shares were disposed of at $41.20 per share to cover tax obligations, consistent with a tax-withholding mechanism rather than an open-market sale. Overall, the filing shows a compensation-related derivative exercise paired with shares withheld for taxes, not a discretionary stock purchase or sale.
Telephone & Data Systems (TDS) senior vice president Joseph R. Hanley reported routine equity compensation activity. On May 21, 2026, 3,265 restricted stock units vested and were settled into an equal number of common shares under the company’s Long Term Incentive Plan. Of these, 1,447 common shares were withheld at $41.20 per share to cover taxes, a non-market disposition. Following these transactions, Hanley holds over one hundred thousand common shares directly, plus additional unvested restricted stock units.
Telephone & Data Systems VP, Controller & CAO Anita J. Kroll reported routine equity compensation activity involving restricted stock units. On May 21, 2026, 1,463 restricted stock units vested and were settled into common shares pursuant to TDS' Long Term Incentive Plan.
To cover related tax obligations, 688 common shares were withheld at a price of $41.20 per share, classified as a tax-withholding disposition rather than an open-market sale. After these transactions, Kroll directly holds 19,107 common shares and 2,926 restricted stock units, reflecting a net increase in her equity position.
Telephone & Data Systems director Rutledge Napoleon B. Jr. received an equity grant of common shares. On the reported date, he acquired 2,905 common shares at $41.20 per share as a compensation award for non-employee directors. Following this grant, he directly holds 4,577 common shares of TDS.
Dixon Kenneth S. reported acquisition or exercise transactions in this Form 4 filing.
Telephone & Data Systems granted Kenneth S. Dixon, a director and President & CEO of a subsidiary, 20,892 restricted stock units tied to TDS common shares. These equity awards were made under TDS' Long Term Incentive Plan as part of his compensation.
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. After this grant, Dixon holds 20,892 restricted stock units directly, reflecting a routine, non-cash incentive meant to align his interests with shareholders over time.
Villacrez Vicki L reported acquisition or exercise transactions in this Form 4 filing.
Telephone & Data Systems (TDS) Executive Vice President & CFO Vicki L. Villacrez received a grant of 13,476 restricted stock units (RSUs). These RSUs, awarded at no cash cost under the TDS Long Term Incentive Plan, were granted on May 20, 2026.
The award covers 13,476 underlying common shares. One-third of the RSUs will vest on each of the first, second, and third anniversaries of the grant date, creating a three-year, time-based vesting schedule that links a portion of the CFO’s compensation to the company’s future performance and continued service.
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.
CARLSON WALTER CD reported acquisition or exercise transactions in this Form 4 filing.
TELEPHONE & DATA SYSTEMS INC President and CEO Walter C.D. Carlson received a grant of 31,731 restricted stock units as part of his compensation. These units were awarded under the company’s Long Term Incentive Plan and represent an equivalent number of common shares.
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, creating a three-year vesting schedule. This is a non-cash, equity-based award and no open-market share purchases or sales were reported in this Form 4.
Telephone & Data Systems reported that VP, Controller & CAO Anita J. Kroll received a grant of 3,654 restricted stock units as equity compensation. These units convert into an equal number of common shares. One-third of the units will vest on each of the first, second, and third anniversaries of the grant date, encouraging multi-year retention and alignment with shareholders.
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.
Telephone & Data Systems Vice Chair Leroy T. Carlson Jr. reported equity award vesting and related share movements, not open-market trading. He exercised a total of 876,490 performance and restricted stock units into common shares at $40.5000 per share value, tied to long-term incentive grants from May 17, 2023.
To cover tax obligations on these vestings, 373,041 common shares were delivered back as a tax-withholding disposition, rather than sold on the market. The filing also details substantial indirect ownership in TDS common shares held through a voting trust, multiple family trusts, a family partnership, a dividend reinvestment plan, and shares held by his spouse and her trust.
Telephone & Data Systems (TDS) VP, Controller & CAO Anita J. Kroll reported compensation-related share activity. On May 17, 2026, she exercised 7,348 restricted stock units and 21,409 financial-based performance share units into common shares at a reference price of $40.50 per share.
To cover tax obligations on these vestings, a total of 10,425 common shares were withheld rather than sold on the open market. The footnotes explain that the performance share units were granted in 2023, measured over three years with dividend equivalents, and that this filing reflects their third and final metric certification and settlement.
Telephone & Data Systems (TDS) Executive Vice President & CFO Vicki L. Villacrez reported compensation-related equity activity in common shares.
She exercised derivative awards for 116,789 common shares, consisting of restricted stock units and performance share units granted in 2023, valued at $40.50 per share.
To cover tax obligations, 53,111 shares were disposed of through tax-withholding transactions, rather than open-market sales, leaving her with a continued direct equity stake in TDS.
Telephone & Data Systems (TDS) senior vice president Joseph R. Hanley exercised equity awards and used shares to cover taxes. On May 17, 2026, he converted previously granted restricted stock units and performance share units into a total of 78,157 common shares valued at $40.50 per share. The filing shows 31,967 shares were withheld to satisfy tax obligations, so these dispositions were not open‑market sales.
Telephone and Data Systems (TDS) director Prudence E. Carlson reported an open-market sale of 5,811 common shares at $42.00 per share. The sale was made under a pre-arranged Rule 10b5-1 trading plan. After the transaction, she directly holds 305,556 common shares and has indirect beneficial interests in 1,634,941 common shares through a voting trust and a family partnership, indicating the sale represents a small portion of her overall exposure to TDS stock.
CARLSON LEROY T JR reported acquisition or exercise transactions in this Form 4 filing.
Telephone & Data Systems vice chair Leroy T. Carlson Jr. reported a compensation-related transaction involving deferred stock units. He received an award tied to 3,480 underlying common shares through deferred compensation, bringing his total deferred compensation position to 61,073 units after the transaction.
The footnote explains he deferred a portion of his bonus into TDS stock under the Long Term Incentive Plan and receives an employer match that vests over three years. A total of 58,745 units are vested, including 14,684 dividend equivalent units, indicating this is part of an ongoing compensation and deferral program rather than an open-market trade.
Telephone and Data Systems (TDS) reported that executive Anthony J. Carlson acquired 1,033 Performance Share Units as part of an equity award. These units were originally granted on May 21, 2025 and are tied to three financial performance metrics.
Based on company performance as of December 31, 2025, the Compensation Human Resources Committee certified the metrics at 75.1%, which adjusted the award level. The certified performance share units are now time-based and will vest on December 31, 2027, and each unit represents the right to receive one common share plus accumulated quarterly dividend equivalents.
Telephone and Data Systems director and subsidiary president Kenneth S. Dixon reported an acquisition of 10,389 Performance Share Units tied to company stock. Each unit represents the right to receive one common share and has been accumulating quarterly dividend equivalents.
These units were originally granted on June 9, 2025, under a financial-based performance plan with a payout range from 0% to 150% of target. Based on company performance as of December 31, 2025, the Compensation Human Resources Committee certified achievement of the three key metrics at 75.1% on February 25, 2026, converting the award into time-based units that will vest on December 31, 2027.
Telephone & Data Systems (TDS) reported that executive Anita J. Kroll, VP, Controller & CAO, acquired performance share units on February 25, 2026. The Form 4 shows three performance-based awards of 1,375, 2,129, and 6,458 units, each representing the contingent right to receive one common share.
These units relate to grants originally made in 2023, 2024, and 2025, where payouts depend on three financial metrics. Certified performance levels range from 71.5% to 200%, and payouts can be adjusted between ranges such as 24%–168%, 0%–192%, and 0%–160% of target. Portions of these awards are now time-based and are scheduled to vest between May 17, 2026 and December 31, 2027, while remaining metrics continue to be measured through December 31, 2026 and December 31, 2027. The units accumulate quarterly dividend equivalents, which may be forfeited if minimum performance is not achieved.
Telephone and Data Systems senior executive Joseph R. Hanley reported acquisitions of performance share units that were certified based on multi-year financial performance metrics. Awards tied to grants from 2023, 2024, and 2025 were adjusted for performance and converted to time-based units that will vest between 2026 and 2027. Each unit represents the contingent right to receive one common share and has been accumulating quarterly dividend equivalents.
Telephone & Data Systems (TDS) director and Executive Vice President & CFO Vicki L. Villacrez reported awards of performance share units on February 25, 2026. The Form 4 shows three acquisitions of performance share units in derivative form: 7,727, 11,957, and 26,222 units, each at a price of $0.00 per unit.
The footnotes explain these units come from prior financial-based grants tied to three key performance metrics. Company performance through December 31, 2025 led the Compensation Human Resources Committee to certify certain metrics at levels such as 71.5%, 83.8%, 145.9% and 200%, converting the related performance share units into time-based awards scheduled to vest on dates including May 17, 2026, June 11, 2027, and December 31, 2027. The awards also accumulate quarterly dividend equivalents, and each performance share unit represents a contingent right to receive one TDS common share.
Telephone & Data Systems vice chair Leroy T. Carlson Jr. reported multiple awards of performance share units in the form of grants or other acquisitions. Each performance share unit represents a contingent right to receive one common share, with actual payouts tied to multi-year financial performance metrics.
Footnotes explain that awards granted in 2023, 2024, and 2025 can pay out above or below target, with ranges up to 160%, 168%, or 192% of target depending on results. Several metrics have been certified at levels such as 71.5%, 83.8%, 145.9%, and 200%, converting those portions to time-based units that vest between May 17, 2026 and December 31, 2027, while remaining metrics continue to be measured through dates in 2026 and 2027.
Telephone & Data Systems Inc. director and President/CEO Walter C.D. Carlson reported an equity award of performance share units. On February 25, 2026, he acquired 25,191 performance share units at a stated price of $0.00 per unit, bringing his total to 37,927 units.
These units were originally granted on May 21, 2025 and are tied to three financial performance metrics. Based on company results at December 31, 2025, two metrics were certified at 71.5%, converting the related units into time-based awards that vest on December 31, 2027. The remaining metric continues to be measured through December 31, 2027, and any dividend equivalents for that portion can be forfeited if minimum performance is not met. Each performance share unit represents a contingent right to receive one common share.
Telephone and Data Systems, Inc. (TDS) reported an insider ownership change on a Form 4. The reporting person, a trustee of the TDS Voting Trust, received a gift of 502 common shares on 11/18/2025. After this transaction, the insider directly holds 32,123 common shares and indirectly holds 71,251 common shares through the Voting Trust. The filing is made by one reporting person and reflects a non-cash transfer classified as a gift.
Telephone & Data Systems Inc. (TDS) director and vice chair reported a gift of company stock on a Form 4. On 11/18/2025, the insider transferred 4,016 common shares as a gift, coded "G" for gift. Following this transaction, the insider holds 365,357 common shares directly.
The insider also reports several indirect holdings in TDS common shares through trusts and a spouse, including 311,364 shares held by a trust, 40,978.32 shares by the spouse's trust, 37,543 shares by the spouse, and additional trust holdings of 78,943 and 211,758 shares. The filing reflects an ownership update rather than a market sale.
Telephone and Data Systems (TDS) officer (VP, Controller & CAO) reported open‑market sales of Common Shares. On 11/10/2025, the reporting person sold 16,217 shares at an average price of $39.0182. On 11/11/2025, they sold 870 shares at an average price of $39.1579. Following these transactions, the filing shows 0 shares directly owned.
The transactions are coded “S” for sales, and prices reflect multiple trades within stated ranges on each date.