Form 4: United States Cellular Corp Executive Douglas Chambers Reports Stock Transactions
SEC Form 4
EVP-CFO & Treasurer Douglas Chambers reports transactions involving United States Cellular Corporation's common shares and restricted stock units.
Summary
- Douglas W Chambers, EVP-CFO & Treasurer of United States Cellular Corporation, filed a Form 4 detailing changes in beneficial ownership.
- On April 3, 2025, Chambers settled 11,522 Restricted Stock Units (RSUs) that vested from a grant on April 3, 2023, receiving 11,522 common shares.
- 4,953 shares were withheld to cover taxes at a price of $68.71.
- On April 4, 2025, Chambers settled 22,389 restricted stock units that vested from a grant on April 4, 2022, receiving 22,389 common shares.
- On April 4, 2025, Chambers settled 20,374 Performance Share Units that vested from a grant on April 4, 2022, receiving 20,374 common shares.
- 10,523 shares were withheld to cover taxes at a price of $64.48 on April 4, 2025 related to the restricted stock units.
- 9,577 shares were withheld to cover taxes at a price of $64.48 on April 4, 2025 related to the performance share units.
- Following these transactions, Chambers directly owns 82,995 common shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often monitored by investors for insights into management's perspective on the company's performance and future prospects.
Stakeholder Impact
- Shareholders may be interested in these transactions as they provide insight into executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| April 3, 2023 | Reporting person was granted Restricted Stock Units (RSUs) under the United States Cellular Corporation Long-Term Incentive Plan. |
| November 27, 2023 | The award was adjusted by the Long-Term Incentive Compensation Committee (LTICC) to provide for a payout at no less than 75% of the target opportunity of such award. |
| December 31, 2024 | Based on company performance, the LTICC certified on February 19, 2025 that the reporting person was entitled to 91% of his target opportunity. |
| February 19, 2025 | The LTICC certified that the reporting person was entitled to 91% of his target opportunity. |
| April 3, 2025 | Settlement of vested Restricted Stock Units (RSUs). |
| April 4, 2022 | Restricted stock units were awarded under the United States Cellular Corporation Long-Term Incentive Plan. |
| April 4, 2022 | Reporting person was granted an award based on achievement of certain performance measures. |
| April 4, 2025 | Settlement of vested restricted stock units. |
| April 4, 2025 | Settlement of vested Performance Share Units. |
| April 7, 2025 | Date of signature by power of attorney. |
Keywords
Form 4, beneficial ownership, stock transaction, restricted stock units, performance share units, USM, United States Cellular Corporation, Douglas Chambers, EVP-CFO & Treasurer
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