Form 4: TDS Executive Reports Stock Transactions

Leroy T. Carlson Jr., Vice Chair and Director at Telephone & Data Systems Inc., reported transactions involving common shares and restricted stock units.

Summary

• Leroy T. Carlson Jr., Vice Chair and Director of Telephone & Data Systems Inc. (TDS), filed a Form 4 detailing stock transactions.
• On June 11, 2026, 45,135 common shares were acquired at a price of $40.03, with 18,935 shares withheld for tax purposes at the same price.
• Following these transactions, Carlson beneficially owns 897,769 common shares directly.
• Additional holdings include 312,242 shares via dividend reinvestment, 78,943 shares by trust, 40,978.32 shares by wife's trust, 1,813,229 shares by a voting trust, 37,543 shares by wife, and 211,758 shares by trust.
• Restricted stock units (RSUs) awarded under the Long Term Incentive Plan were also settled. The second vesting of RSUs resulted in the settlement of 45,135 units, with 45,134 remaining directly owned.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine insider transactions and RSU settlements without indicating significant positive or negative shifts in the executive's holdings or outlook.

Positives

• The settlement of restricted stock units indicates continued vesting and potential future share ownership for management.
• The acquisition of shares at $40.03 suggests a belief in the company's valuation at that price point.

Negatives

• Shares were withheld to cover tax obligations, which is a common but represents a reduction in immediate share count.
• The filing details a significant number of shares held indirectly through various trusts and entities, which can sometimes indicate less direct control or transparency.

Risks

• The reliance on trusts and family partnerships for a substantial portion of beneficial ownership could introduce complexities in governance or decision-making.
• The withholding of shares for taxes, while standard, represents a reduction in the reporting person's direct equity.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions.

Management Comments

• "Reporting person is a member of a voting trust which is record owner of these Common Shares and which files its holdings on a form 4. The shares reported are held by respective reporting person and their family members that have a pecuniary interest in such securities."
• "Includes 693,751 Common Shares held by a family partnership of which reporting person is a general partner, of which 23,754 has been accumulated in dividend reinvestment. Reporting person also holds 30,538 Common Shares in the dividend reinvestment plan."

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for executives and directors, providing transparency into insider stock transactions. The details of RSU settlements and tax withholdings are typical for compensation plans in the telecommunications and data services sector.

Related Party Transactions

• The reporting person is a member of a voting trust and holds shares through family partnerships and trusts, indicating related party involvement in beneficial ownership.

Stakeholder Impact

• Shareholders gain insight into executive stock transactions, which can inform their investment decisions.
• Employees may observe executive compensation practices through RSU settlements.
• Creditors are not directly impacted by this type of filing.

Next Steps

• Continued vesting of remaining restricted stock units as per the Long Term Incentive Plan.
• Potential future transactions by the reporting person as disclosed in subsequent filings.

Key Dates

Keywords

Form 4, SEC Filing, Telephone & Data Systems Inc., TDS, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Leroy T. Carlson Jr., Insider Trading, Executive Compensation