Form 4: TDS Executive Joseph R. Hanley Reports Stock Transactions Following RSU Vesting

Joseph R. Hanley, SVP-Strategy & Corp Dev at Telephone & Data Systems Inc, reports acquisition and disposal of common shares related to the vesting of restricted stock units.

Summary

• On May 17, 2024, Joseph R. Hanley acquired 19,966 common shares through the vesting of restricted stock units (RSUs) awarded on May 17, 2023, under the 2022 Long Term Incentive Plan.
• 5,851 shares were disposed of on May 17, 2024, to cover taxes related to the vesting of these RSUs, at a price of $20.8.
• On May 19, 2024, Hanley acquired 9,249 common shares through the vesting of RSUs awarded under the 2020 Long Term Incentive Plan.
• 2,710 shares were disposed of on May 19, 2024, to cover taxes related to the vesting of these RSUs, at a price of $20.8.
• Following these transactions, Hanley directly owns 60,158 common shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation.

Positives

• The vesting of RSUs indicates that performance metrics have been met, which is generally a positive sign.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the vesting of previously awarded equity.

Key Dates