CARLSON LEROY T JR bought TDS
February 19, 2024 · Form 4 insider transaction
CARLSON LEROY T JR bought 53,946 shares of Telephone and Data Systems, Inc., a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
On May 19, 2021, the reporting person was granted financial-based performance share units that would be measured over a three year time period. The payout could be increased to 200% of target or reduced to 0% based on achievement of the key metrics. The performance share units have been accumulating quarterly dividend equivalents. The Performance Shares were certified and are now adjusted for performance and vested immediately on February 19, 2024. Based on company performance over the three year period ending on December 31, 2023, the Compensation Human Resources Committee certified on February 19, 2024 that the reporting person was entitled to 40% of his target opportunity. Each performance share unit represents the contingent right to receive one common share.