Form 4: U.S. Cellular EVP-CFO Douglas Chambers Reports Stock Transactions
SEC Form 4 Filing
Douglas Chambers, EVP-CFO & Treasurer of United States Cellular Corp, reports the vesting and subsequent tax withholding related to Restricted Stock Units (RSUs).
Summary
- On April 3, 2024, Douglas W. Chambers, EVP-CFO & Treasurer of United States Cellular Corporation, reported transactions involving common shares and Restricted Stock Units (RSUs).
- The transactions involved the vesting of 11,522 RSUs, which converted into common shares.
- Following the vesting, 3,688 shares were withheld to cover tax obligations at a price of $36.85 per share.
- After these transactions, Chambers directly owns 31,419 common shares.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 04/03/2023 | Reporting person was granted Restricted Stock Units (RSUs) under the United States Cellular Corporation Long-Term Incentive Plan. |
| 04/03/2024 | Vesting of Restricted Stock Units and tax withholding. |
| 04/05/2024 | Date of signature on the report. |
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