Lowell Kevin R 4

4 · UNITED STATES CELLULAR CORP · Filed Apr 7, 2025

Form 4

Period: 2025-04-03

EVP, Chief People Officer

Transactions

Exercise/Conversion
Common Shares
2025-04-04+10,642→ 21,595 total
Exercise/Conversion
Common Shares
2025-04-03+9,786→ 14,135 total
Tax Payment
Common Shares
2025-04-03$68.71/sh−3,182$218,635→ 10,953 total
Exercise/Conversion
Restricted Stock Units
2025-04-03−9,786→ 9,786 total
→ Common Shares (9,786 underlying)
Exercise/Conversion
Performance Shares Units
2025-04-04−9,686→ 0 total
→ Common Shares (9,686 underlying)
Tax Payment
Common Shares
2025-04-04$64.48/sh−4,347$280,295→ 17,248 total
Exercise/Conversion
Common Shares
2025-04-04+9,686→ 26,934 total
Tax Payment
Common Shares
2025-04-04$64.48/sh−3,957$255,147→ 22,977 total
Exercise/Conversion
Restricted Stock Units
2025-04-04−10,642→ 0 total
→ Common Shares (10,642 underlying)

Footnotes (4)

[F1]On April 3, 2023, reporting person was granted Restricted Stock Units (RSUs) under the United States Cellular Corporation Long-Term Incentive Plan. RSUs vest one-third each year on the first, second and third anniversaries of the grant date. This transaction represents settlement of the second vesting.
[F2]Shares withheld to pay for taxes.
[F3]On April 4, 2022, these restricted stock units were awarded under the United States Cellular Corporation Long-Term Incentive Plan. These restricted stock units vest on the third anniversary of the transaction date and are now vested.
[F4]On April 4, 2022 reporting person was granted an award based on achievement of certain performance measures and, effective November 27, 2023, the award was adjusted by the Long-Term Incentive Compensation Committee (LTICC) to provide for a payout at no less than 75% of the target opportunity of such award. Based on company performance at December 31, 2024, the LTICC certified on February 19, 2025 that the reporting person was entitled to 91% of his target opportunity. Performance share units are now vested.

Documents

1 file