Form 4: United States Cellular Corp Executive VP Douglas Chambers Reports Stock Transactions
SEC Form 4
Douglas W. Chambers, EVP-CFO & Treasurer of United States Cellular Corp, reports the vesting and subsequent tax withholding of common shares related to Restricted Stock Units.
Summary
- On March 4, 2025, Douglas W. Chambers, EVP-CFO & Treasurer of United States Cellular Corp, reported transactions involving common shares.
- These transactions included the vesting of 6,906 Restricted Stock Units (RSUs) which converted into common shares.
- Additionally, 2,210 shares were withheld to cover tax obligations at a price of $63.51 per share.
- Following these transactions, Chambers directly owns 53,763 common shares and 13,812 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives holding company stock and equity-based compensation.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation adjustments.
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 earliest transaction: vesting of Restricted Stock Units and tax withholding. |
| 03/06/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, USM, United States Cellular Corp, Douglas W. Chambers, Restricted Stock Units, RSUs, Insider Trading, Beneficial Ownership, EVP-CFO & Treasurer, Stock Options, Vesting
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