Form 4: Leroy T. Carlson Jr., Vice Chair of Telephone & Data Systems Inc, Reports Stock Transactions

Leroy T. Carlson Jr., Vice Chair of Telephone & Data Systems Inc, reports the vesting and subsequent disposal of shares to cover tax obligations related to restricted stock units.

Summary

• On May 17, 2025, Leroy T. Carlson Jr. settled 163,146 restricted stock units (RSUs) that vested, receiving an equivalent number of common shares.
• Shares were withheld to cover taxes on the vested RSUs, with 68,440 shares disposed of at a price of $34.93.
• Following these transactions, Carlson directly owns 248,327 common shares.
• On May 18, 2025, Carlson settled 165,214 restricted stock units (RSUs) that vested, receiving an equivalent number of common shares.
• Shares were withheld to cover taxes on the vested RSUs, with 69,308 shares disposed of at a price of $34.93.
• Following these transactions, Carlson directly owns 344,233 common shares.
• Carlson also indirectly owns 473,113 shares through a trust, 78,943 shares through another trust, and 105,521.32 shares through his wife's trust.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation; it doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time.
• The practice of withholding shares to cover tax obligations upon vesting is standard.

Stakeholder Impact

• The transactions have a minor impact on the overall shareholding structure of the company.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock Units, TDS, Telephone & Data Systems Inc, Carlson Leroy T Jr, Vesting, Tax Withholding