Form 4: U.S. Cellular Corp Director Deirdre Drake Acquires Shares Under Compensation Plan
SEC Form 4 Filing
Director Deirdre Drake acquired 2,836 shares of U.S. Cellular Corp common stock on May 21, 2024, through a compensation plan for non-employee directors.
Summary
- On May 21, 2024, Deirdre Drake, a director of United States Cellular Corp (USM), acquired 2,836 shares of common stock.
- The shares were acquired through a compensation plan for non-employee directors at a price of $43.01 per share.
- Following the transaction, Drake directly owns 33,897 shares of USM.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a routine transaction related to director compensation.
Positives
- The acquisition of shares by a director signals confidence in the company.
Industry Context
Director share acquisitions are common and often tied to compensation plans. This transaction reflects standard practice for compensating non-employee directors.
Comparison to Industry Standards
- Director compensation packages often include stock grants to align director interests with shareholder value.
- Companies like Verizon and AT&T also use stock-based compensation for their directors.
Stakeholder Impact
- The transaction has a minor positive impact on shareholder confidence due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of transaction: Deirdre Drake acquired 2,836 shares of USM common stock. |
| 05/22/2024 | Date of signature: Julie D. Mathews signed the document on behalf of Deirdre Drake. |
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