Form 4: TDS Director Carlson Acquires Shares and Reports Trust Holdings

Director Letitia G.C. Carlson reports acquisition of Telephone & Data Systems Inc. shares through a compensation plan and adjustments to holdings in a voting trust.

Summary

• On May 22, 2024, Letitia G.C. Carlson, a director of Telephone & Data Systems Inc. (TDS), acquired 6,320 common shares at $19.25 per share through a compensation plan.
• On April 16, 2024, Carlson's holdings of common shares held directly were adjusted due to a transaction with code 'W', resulting in an acquisition of 118,135.0512 shares and 71,988.9274 shares at $0.
• Carlson also reported adjustments to Series A Common Shares held indirectly through a voting trust on April 16, 2024, with 80,593.3192 shares and 27,095.0579 shares acquired at $0.
• Following these transactions, Carlson directly owns 69,826 common shares and indirectly owns 1,919,540.9274 common shares through a voting trust.
• Carlson also indirectly owns 2,099,188.3192 Series A Common Shares and directly owns 28,261.0579 Series A Common Shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of shares through a compensation plan indicates a continued alignment of the director's interests with the company's performance.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for directors and officers of publicly traded companies, as mandated by the SEC.
• The reporting requirements are consistent across all companies listed on U.S. exchanges, ensuring a level playing field for investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.

Key Dates