Form 4: U.S. Cellular EVP-CTO Michael Irizarry Reports Stock Transactions
SEC Form 4 Filing
Michael Irizarry, EVP-CTO of U.S. Cellular, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 4, 2025, Michael Irizarry, the EVP-CTO of United States Cellular Corp, reported transactions involving common shares and performance share units.
- Specifically, 9,307 performance share units vested, resulting in the acquisition of 9,307 common shares.
- Additionally, 3,115 shares were disposed of to cover tax obligations at a price of $63.51 per share.
- Following these transactions, Irizarry directly owns 59,105 common shares and 18,614 performance share units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The vesting of stock options and subsequent tax withholding has a minor impact on the company's share structure.
- The transactions provide transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/03/2024 | Reporting person was granted Restricted Stock Units (RSUs) under the United States Cellular Corporation Long-Term Incentive Plan. |
| 03/04/2025 | Date of transaction: vesting of performance share units and tax withholding. |
| 03/06/2025 | Date of signature on the report. |
Keywords
USM, U.S. Cellular, Irizarry, Stock Options, Form 4, Insider Trading, Executive Compensation, Beneficial Ownership
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