0001120437-24-000022.txt : 20240221 0001120437-24-000022.hdr.sgml : 20240221 20240221202054 ACCESSION NUMBER: 0001120437-24-000022 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240219 FILED AS OF DATE: 20240221 DATE AS OF CHANGE: 20240221 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Hanley Joseph R CENTRAL INDEX KEY: 0001298040 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14157 FILM NUMBER: 24661938 MAIL ADDRESS: STREET 1: 535 JUNCTION ROAD CITY: MADISON STATE: WI ZIP: 53717 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 IRS NUMBER: 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_1708564839.xml FORM 4 X0508 4 2024-02-19 0 0001051512 TELEPHONE & DATA SYSTEMS INC /DE/ TDS 0001298040 Hanley Joseph R 30 N. LASALLE ST., STE. 4000 CHICAGO IL 60602 0 1 0 0 SVP-Strategy & Corp Dev 0 Common Shares 2024-02-19 4 A 0 3660 A 40771 D Common Shares 2024-02-19 4 F 0 1267 14.04 D 39504 D Performance Share Units 2024-02-19 4 A 0 37040 0 A Common Shares 37040 37040 D 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. 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. The Performance Shares were certified and are now adjusted for performance and vested immediately on February 19, 2024. Each performance share unit represents the contingent right to receive one common share. Shares withheld to pay taxes The market was closed on February 19, 2024, therefore the previous trading day's close, February 16, 2024 was used to value the transaction. On May 17, 2023, the reporting person was granted financial-based performance share units based on the performance of three key metrics. The payout could be increased to 160% of target or reduced to 0% on achievement of the key metrics. Based on company performance at December 31, 2023, the Compensation Human Resources Committee certified on February 19, 2024 two of the three metrics at 84.4%. The Performance Shares representing the two metrics were certified and are now adjusted for performance and are time-based and will vest on May 17, 2026. The final metric is measured over a three year time period and will not be measured until December 31, 2025. The performance share units have been accumulating quarterly dividend equivalents. Each performance share unit represents the contingent right to receive one common share. Julie D. Mathews, by power of atty 2024-02-21