TDS · Telephone & Data Systems Inc /De/ · Executive Compensation

$35.20 +1.28 (+3.77%) At close · Oct 1

S&P 600 member Russell 2000 member Rebalance outlook locked

Market Cap

$4.13B

115.10M

Volume · Oct 1 1.98M Avg daily vol (3M) 1.28M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Laurent C. Therivel	Former President and CEO of Array	$590,698	—	$7,076,400	—	$653,230	$992,421	$9,313,033
Laurent Therivel	Former President and CEO of Array	$590,698	—	$7,076,400	—	$653,230	$992,421	$9,313,033
LeRoy T. Carlson	Vice Chair and Former President and CEO of TDS	$787,864	$156,800	$5,553,040	—	$447,100	$27,834	$6,974,414
James Butman	CEO	$444,081	—	$2,595,289	—	$343,710	$2,094,379	$5,488,380
James W. Butman	Former President and CEO of TDS Telecom	$444,081	—	$2,595,289	—	$343,710	$2,094,379	$5,488,380
Walter C. D. Carlson	President and CEO of TDS	$735,579	$939,900	$3,084,325	—	—	$7,740	$4,767,544
Kenneth Dixon	President and CEO of TDS Telecom	$392,308	$110,300	$3,209,367	—	$269,000	$131,667	$4,112,642
Vicki Villacrez	CFO	$689,730	$625,800	$1,594,163	—	$385,700	$92,928	$3,389,128
Vicki L. Villacrez	Executive Vice President and Chief Financial Officer of TDS	$689,730	$625,800	$1,594,163	—	$385,700	$92,928	$3,389,128
Joseph R. Hanley	Senior Vice President, Strategy and Corporate Development of TDS	$548,127	$347,000	$981,036	—	$219,000	$102,091	$2,197,992
Anthony J. M. Carlson	President and CEO of Array	$244,229	$73,559	$178,098	—	$66,441	$22,463	$584,790

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
LeRoy T. Carlson	Vice Chair and Former President and CEO of TDS	$1,352,700	$1,381,100	$6,845,985	—	—	$31,710	$9,611,495
Laurent C. Therivel	President and CEO of UScellular	$901,866	$658,629	$5,210,668	—	$785,874	$99,911	$7,656,948
Laurent Therivel	President and CEO of UScellular	$901,866	$658,629	$5,210,668	—	$785,874	$99,911	$7,656,948
James W. Butman	President and CEO of TDS Telecom	$741,600	$160,186	$2,192,723	—	$495,507	$125,546	$3,729,135
James Butman	CEO	$741,600	$160,186	$2,192,723	—	$495,507	$125,546	$3,729,135
Vicki L. Villacrez	Executive Vice President and Chief Financial Officer of TDS	$680,000	$133,280	$1,244,710	—	$396,794	$92,043	$2,546,827
Vicki Villacrez	CFO	$680,000	$133,280	$1,244,710	—	$396,794	$92,043	$2,546,827
Joseph R. Hanley	Senior Vice President, Strategy and Corporate Development of TDS	$540,400	$75,656	$732,062	—	$225,239	$95,001	$1,668,358

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Laurent Therivel	President and CEO of UScellular	$866,882	$1,226,030	$8,028,781	—	$644,670	$93,407	$10,860,109
Laurent C. Therivel	President and CEO of UScellular	$866,882	$1,226,030	$8,028,781	—	$644,670	$93,407	$10,860,109
LeRoy T. Carlson	Vice Chair and Former President and CEO of TDS	$1,352,700	$635,800	$7,654,987	—	—	$28,097	$9,677,516
James Butman	CEO	$720,000	$255,830	$1,800,351	—	$458,784	$91,943	$3,344,427
James W. Butman	President and CEO of TDS Telecom	$720,000	$255,830	$1,800,351	—	$458,784	$91,943	$3,344,427
Vicki L. Villacrez	Executive Vice President and Chief Financial Officer of TDS	$585,100	$114,867	$936,336	—	$264,278	$87,208	$1,990,192
Vicki Villacrez	CFO	$585,100	$114,867	$936,336	—	$264,278	$87,208	$1,990,192
Joseph R. Hanley	Senior Vice President, Strategy and Corporate Development of TDS	$522,100	$76,874	$675,487	—	$176,867	$89,245	$1,542,671

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
LeRoy T. Carlson	Vice Chair and Former President and CEO of TDS	$1,352,700	$1,046,500	$6,503,975	—	—	$22,361	$8,929,740
Laurent C. Therivel	President and CEO of UScellular	$824,887	$750,867	$4,699,725	—	$545,333	$88,045	$6,908,886
Laurent Therivel	President and CEO of UScellular	$824,887	$750,867	$4,699,725	—	$545,333	$88,045	$6,908,886
James W. Butman	President and CEO of TDS Telecom	$685,700	$170,330	$1,391,256	—	$559,860	$85,842	$2,919,607
James Butman	CEO	$685,700	$170,330	$1,391,256	—	$559,860	$85,842	$2,919,607
Vicki L. Villacrez	Executive Vice President and Chief Financial Officer of TDS	$462,600	$73,900	$883,209	—	$198,150	$77,759	$1,697,199
Vicki Villacrez	CFO	$462,600	$73,900	$883,209	—	$198,150	$77,759	$1,697,199
Joseph R. Hanley	Senior Vice President, Strategy and Corporate Development of TDS	$502,000	$60,090	$581,994	—	$156,680	$74,125	$1,376,279
Peter L. Sereda	Former Executive Vice President and Chief Financial Officer of TDS	$317,800	$190,000	—	—	—	$82,660	$593,402

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
LeRoy T. Carlson	President and CEO of TDS	$1,352,700	$1,270,000	$6,245,236	$715,813	—	$28,530	$9,616,139
Laurent C. Therivel	President and CEO of UScellular	$785,894	$358,374	$4,638,653	—	$609,626	$45,713	$6,438,260
Laurent Therivel	President and CEO of UScellular	$785,894	$358,374	$4,638,653	—	$609,626	$45,713	$6,438,260
James W. Butman	President and CEO of TDS Telecom	$662,500	$286,150	$1,374,728	$181,507	$489,350	$88,535	$3,113,234
James Butman	CEO	$662,500	$286,150	$1,374,728	$181,507	$489,350	$88,535	$3,113,234
Peter L. Sereda	Former Executive Vice President and Chief Financial Officer of TDS	$633,500	$104,500	$909,997	$123,325	$320,500	$86,156	$2,180,577
Kurt B. Thaus	Former Senior Vice President, Technology Services of TDS	$456,500	$148,540	$434,713	$52,834	$192,460	$120,696	$1,407,375

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
LeRoy T. Carlson	President and CEO of TDS	$1,352,700	$1,292,900	$6,495,275	$326,827	—	$38,388	$9,512,073
Laurent C. Therivel	President and CEO of UScellular	$377,500	$1,527,170	$6,749,987	—	$240,430	$339,643	$9,234,730
Laurent Therivel	President and CEO of UScellular	$377,500	$1,527,170	$6,749,987	—	$240,430	$339,643	$9,234,730
Kenneth R. Meyers	Former President and CEO and Advisor to the CEO, UScellular	$854,250	$683,400	$6,972,071	—	—	$107,776	$8,663,596
James W. Butman	President and CEO of TDS Telecom	$640,500	$622,000	$1,290,748	$173,638	—	$101,499	$2,858,394
James Butman	CEO	$640,500	$622,000	$1,290,748	$173,638	—	$101,499	$2,858,394
Scott H. Williamson	Senior Vice President-Acquisitions and Corporate Development of TDS	$700,000	$92,200	$937,190	$124,410	$298,200	$33,908	$2,192,924
Peter L. Sereda	Former Executive Vice President and Chief Financial Officer of TDS	$612,000	$100,000	$860,553	$119,993	$312,900	$87,322	$2,096,511

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Kenneth R. Meyers	Former President and CEO and Advisor to the CEO, UScellular	$1,095,000	$1,058,000	$6,573,652	—	—	$88,113	$8,843,994
LeRoy T. Carlson	President and CEO of TDS	$1,352,700	$1,195,029	$4,041,048	$258,905	—	$32,649	$6,885,780
James Butman	CEO	$612,500	$583,406	$1,011,313	$132,894	—	$98,966	$2,459,435
James W. Butman	President and CEO of TDS Telecom	$612,500	$583,406	$1,011,313	$132,894	—	$98,966	$2,459,435
Scott H. Williamson	Senior Vice President-Acquisitions and Corporate Development of TDS	$697,000	$91,330	$1,083,970	$134,873	$276,570	$23,935	$2,313,746
Peter L. Sereda	Executive Vice President and Chief Financial Officer of TDS	$576,250	$82,345	$821,941	$107,022	$247,455	$82,396	$1,920,560
Douglas W. Chambers	Senior Vice President-Finance and Chief Accounting Officer of TDS (prior to 6/24/19) Senior Vice President, Chief Financial Officer and Treasurer of U.S. Cellular (since 6/24/19)	$188,600	—	$410,585	$51,082	$90,500	$24,870	$765,754

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Kenneth R. Meyers	Former President and CEO and Advisor to the CEO, UScellular	$1,051,000	$1,280,400	$6,156,729	—	—	$87,560	$8,600,137
LeRoy T. Carlson	President and CEO of TDS	$1,352,700	$1,481,900	$3,584,354	$116,014	—	$36,674	$6,576,397
Scott H. Williamson	Senior Vice President-Acquisitions and Corporate Development of TDS	$697,000	$107,545	$920,400	$120,320	$363,555	$87,142	$2,300,940
James W. Butman	President and CEO of TDS Telecom	$562,500	$515,200	$448,785	$466,861	—	$115,970	$2,130,212
James Butman	CEO	$562,500	$515,200	$448,785	$466,861	—	$115,970	$2,130,212
Douglas W. Chambers	Senior Vice President-Finance and Chief Accounting Officer of TDS (prior to 6/24/19) Senior Vice President, Chief Financial Officer and Treasurer of U.S. Cellular (since 6/24/19)	$211,527	$27,100	—	—	$112,700	$36,659	$388,078

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Kenneth R. Meyers	President and CEO of U.S. Cellular	$996,000	$1,066,100	$5,641,045	—	—	$80,722	$7,812,357
LeRoy T. Carlson	President and CEO of TDS	$1,352,700	$1,030,000	$3,000,579	$280,365	—	$32,345	$5,705,849
Scott H. Williamson	Senior Vice President-Acquisitions and Corporate Development of TDS	$680,000	$134,432	$987,476	$128,085	$246,568	$77,639	$2,264,045

Executive changes

Person	Role	Change	Effective	Filed
Joseph R. Hanley	Senior Vice President – Strategy and Corporate Development	Retired	2026-07-01	2026-03-13
Kenneth Dixon	member of the TDS Board	Appointed	2025-06-09	2025-06-04
James W. Butman	member of the board of directors of TDS	Resigned	2025-06-09	2025-06-04
James W. Butman	President and Chief Executive Officer of TDS Telecommunications LLC	Retired	2025-06-09	2025-06-04
Christopher D. O'Leary	Lead Independent Director	Appointed	—	2025-03-14
Walter C. D. Carlson	President and Chief Executive Officer of TDS	Appointed	—	2025-03-14
Christopher D. O’Leary	Lead Independent Director	Appointed	—	2025-01-27
LeRoy T. Carlson, Jr.	Vice Chair	Appointed	—	2025-01-27
LeRoy T. Carlson, Jr.	Vice Chair	Appointed	2025-02-01	2025-01-27
Walter C. D. Carlson	President and Chief Executive Officer	Appointed	2025-02-01	2025-01-27
Napoleon B. Rutledge, Jr.	member of the Board	Appointed	2024-12-01	2024-11-12
Vicki L. Villacrez	director of TDS	Appointed	2023-08-09	2023-08-10
Laurent C. Therivel	board of directors	Resigned	2023-08-08	2023-08-10

Key facts CIK 1051512 CUSIP 879433829 13F (30d) 13 filings 11 filers Visit website Investor relations