Form 4: Director Carlson Gifts Telephone & Data Systems Shares to Children

Director Prudence E. Carlson reported a gift of 1,926 Series A Common Shares to her children on August 5, 2024, according to a Form 4 filing with the SEC.

Summary

• On August 5, 2024, Prudence E. Carlson, a director of Telephone & Data Systems Inc., reported a transaction involving Series A Common Shares.
• Carlson gifted 1,926 Series A Common Shares to her children.
• Following the transaction, Carlson directly owns 117,925 Series A Common Shares.
• Carlson indirectly owns 1,950,443 Common Shares through a voting trust and 100,000 Common Shares through her spouse.
• The Series A Common Shares are convertible to common shares on a 1:1 basis.
• The reporting person is one of four trustees of a voting trust which is record owner of these Series Common Shares and which files its holdings on a form 4.
• The shares reported are held by respective reporting person and her family members that have a pecuniary interest in such securities.
• Includes 756,093 Common Shares held by a family partnership of which reporting person is a general partner.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of a gift of shares and doesn't inherently indicate positive or negative sentiment regarding the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a personal transaction by a director and doesn't necessarily reflect a change in the company's overall outlook.

Stakeholder Impact

• The transaction has minimal direct impact on stakeholders, as it represents a personal transaction by a director.

Key Dates