Form 4: TDS Executive Acquires Performance Share Units Following Metric Certification

Anita J. Kroll, VP, Controller & CAO of Telephone & Data Systems Inc, reports acquisition of performance share units based on achievement of a key performance metric.

Summary

• Anita J. Kroll, a VP, Controller & CAO at Telephone & Data Systems Inc, filed a Form 4.
• The filing reports a transaction on March 12, 2025, where Kroll acquired 2,482 performance share units.
• These units are based on the performance of three key metrics, with one metric certified at 145.9% on March 12, 2025.
• The performance share units have been accumulating quarterly dividend equivalents and each unit represents the contingent right to receive one common share.
• The certified Performance Shares are now adjusted for performance and are time-based and will vest on June 11, 2027.
• The second of the three metrics is measured over a two year time period and will not be measured until December 31, 2025.
• The final metric is measured over a three year time period and will not be measured until December 31, 2026.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard executive compensation disclosure. The achievement of one metric at 145.9% is a slightly positive indicator.

Positives

• The achievement of one of the key performance metrics at 145.9% suggests positive performance in that area.

Future Outlook

The payout for the performance share units could be increased to 192% of target or reduced to 0% depending on the achievement of the key metrics.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.

Stakeholder Impact

• The vesting of performance share units aligns executive compensation with company performance, potentially benefiting shareholders.

Key Dates