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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 and Data Systems, Inc. reported that its subsidiary Array Digital Infrastructure, Inc. (formerly United States Cellular Corporation) completed the previously announced sale of select spectrum assets to Verizon Communications Inc. for $1.0 billion in cash under an October 17, 2024 License Purchase Agreement.
The Array board also declared a special cash dividend of $11.00 per share for holders of Array Common Stock and Series A Common Stock, with a record date of June 11, 2026 and payment scheduled for June 25, 2026. As of June 1, 2026, TDS held 33,005,877 Series A shares and 37,782,826 Common shares of Array.
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.