Form 4: TDS Vice Chair Gifts 4,016 Common Shares

Leroy T. Carlson Jr., Vice Chair of Telephone & Data Systems Inc., reported a gift of 4,016 common shares in a pre-planned transaction.

Summary

• Leroy T. Carlson Jr., a Director, 10% Owner, and Vice Chair of Telephone & Data Systems Inc. (TDS), reported a disposition of common shares.
• The transaction involved gifting 4,016 common shares directly owned by Mr. Carlson.
• This transaction was made pursuant to a Rule 10b5-1(c) plan, indicating it was pre-scheduled.
• The transaction date is listed as November 18, 2025.
• Following this gift, Mr. Carlson's direct beneficial ownership stands at 365,357 common shares.
• Indirect beneficial ownership includes 311,364 common shares by Trust, 40,978.32 common shares by Wife's Trust, 37,543 common shares by Wife, 78,943 common shares by Trust, and 211,758 common shares by Trust.

Sentiment

Score: 5

Explanation: Neutral. The transaction is a pre-planned gift by an insider, which is a routine event and not indicative of operational performance or strategic shifts.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned and orderly disposition, which can reduce concerns about opportunistic trading.

Negatives

• A disposition of shares by a significant insider, even as a gift, reduces their direct equity stake in the company.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The gift of 4,016 common shares to an unspecified recipient, potentially a family member or entity, is a related party transaction by nature of a gift from an insider.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but overall beneficial ownership remains substantial. No material impact on company operations or strategy.
• Employees, Customers, Suppliers, Creditors: No direct impact from this insider transaction.

Key Dates

Recommendation

This Form 4 filing reports a routine, pre-planned gift of shares by a Vice Chair and Director. It does not provide any new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transaction is a disposition, but as a gift under a 10b5-1 plan, it is not indicative of a change in management's confidence or outlook. Investors should continue to hold based on broader company fundamentals and market conditions, not this specific insider transaction.

Keywords

TDS, Telephone & Data Systems, Leroy T Carlson Jr, Insider Transaction, Form 4, Share Gift, Beneficial Ownership, Rule 10b5-1, Director, Vice Chair