Form 4: US Cellular CEO Therivel Settles Deferred Compensation, Sells Shares for Tax Obligations
SEC Form 4 Filing
Laurent Therivel, President and CEO of United States Cellular Corp, settled deferred compensation and sold shares to cover tax obligations on January 2, 2025.
Summary
- Laurent Therivel, the President and CEO of United States Cellular Corp (USM), executed transactions involving the company's common shares on January 2, 2025.
- Therivel received 13,162 common shares from the payout of a deferred bonus under the UScellular Long-Term Incentive Plan.
- These shares represent phantom stock from a portion of his 2021 bonus that was deferred and invested in phantom stock.
- The payout was determined using the stock price on December 31, 2024.
- He then disposed of 3,548 shares at a price of $62.72 to cover taxes due in connection with the deferred compensation payout.
- Following these transactions, Therivel directly owns 99,322 common shares.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and stock ownership.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
- The sale of shares to cover tax obligations may have a minor impact on the stock's trading volume.
Key Dates
| Date | Description |
|---|---|
| 2021 | Year when a portion of Therivel's bonus was deferred. |
| December 31, 2024 | Date used to determine the payout for the deferred bonus shares. |
| 01/02/2025 | Date of the transactions: acquisition of shares from deferred compensation and disposal of shares for tax obligations. |
| 01/03/2025 | Date of signature on the Form 4 filing. |
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