0001120437-25-000106.txt : 20250522 0001120437-25-000106.hdr.sgml : 20250522 20250522204358 ACCESSION NUMBER: 0001120437-25-000106 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20250521 FILED AS OF DATE: 20250522 DATE AS OF CHANGE: 20250522 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CARLSON WALTER CD CENTRAL INDEX KEY: 0001230118 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14157 FILM NUMBER: 25978962 MAIL ADDRESS: STREET 1: C/O TDS 30 N LASALLE STREET STREET 2: STE 4000 CITY: CHICAGO STATE: IL ZIP: 60602 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TELEPHONE & DATA SYSTEMS INC /DE/ CENTRAL INDEX KEY: 0001051512 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] ORGANIZATION NAME: 06 Technology EIN: 362669023 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 30 NORTH LASALLE STREET STREET 2: STE 4000 CITY: CHICAGO STATE: IL ZIP: 60602 BUSINESS PHONE: 3126301900 MAIL ADDRESS: STREET 1: 30 NORTH LASALLE STREET STREET 2: STE 4000 CITY: CHICAGO STATE: IL ZIP: 60602 4 1 wk-form4_1747961031.xml FORM 4 X0508 4 2025-05-21 0 0001051512 TELEPHONE & DATA SYSTEMS INC /DE/ TDS 0001230118 CARLSON WALTER CD 30 N. LASALLE ST. STE. 4000 CHICAGO IL 60602 1 1 0 0 President and CEO 0 Common Shares 2025-05-22 4 A 0 2479 33.83 A 220626 D Restricted Stock Units 2025-05-21 4 A 0 35715 A Common Shares 35715 35715 D Performance Share Units 2025-05-21 4 A 0 12736 A Common Shares 12736 12736 D Shares acquired pursuant to a compensation plant for non-employee directors. Reporting person was a non-employee director through January 31, 2025. Restricted stock units awarded pursuant to the 2022 Long Term Incentive Plan. One-third of the restricted stock units will vest on the first, second and third annual anniversaries of the Grant Date. On May 21, 2025, the reporting person was granted financial-based performance share units based on the performance of three key metrics. One of the three performance metrics, representing 32% of the total award, is based on UScellular performance and has a 75% floor, which can be increased to 100% if the announced UScellular transaction with T-Mobile closes in 2025. Accordingly, this Form 4 reports the number of performance share units issuable under the 75% floor, which is 24% of the target award. Another Form 4 would be filed to reflect an increase in the floor to the extent the UScellular transaction with T-Mobile closes in 2025. Performance share units accumulate dividend equivalents (in the form of additional performance share units) which are forfeitable if the performance metrics are not achieved. Julie D Mathews, by power of atty 2025-05-22