Telephone Company Insiders

TDS Stock

USD 42.81 -0.53 -1.22%

Telephone's insiders are aggressively selling. The analysis of insiders' sentiment of trading Telephone and Data stock suggests that virtually all insiders are panicking at this time. Telephone employs about 4 K people. The company is managed by 34 executives with a total tenure of roughly 279 years, averaging almost 8.0 years of service per executive, having 117.65 employees per reported executive.

James Butman CEO

President and CEO of TDS Telecommunications Corporation

Walter Carlson Chairman

Non-Executive Chairman of the Board

Insider Sentiment

Mostly Selling

Selling

Buying

Latest Trades

2025-11-11	Anita J Kroll	Disposed 870 @ 39.16	View
2025-11-10	Anita J Kroll	Disposed 16217 @ 39.02	View
2025-08-20	Anita J Kroll	Disposed 8608 @ 39.09	View
2025-08-18	Vicki L Villacrez	Disposed 26334 @ 39.02	View
2025-08-15	Vicki L Villacrez	Disposed 58452 @ 38.56	View
2025-08-14	Prudence E Carlson	Disposed 6320 @ 38.05	View
2025-08-13	Vicki L Villacrez	Disposed 73878 @ 38.88	View
2025-08-12	Anita J Kroll	Disposed 29047 @ 39.02	View

Following insider trading sentiment in Telephone can help investors add context around confidence, timing, and operating risk while the public narrative is still evolving. The stronger workflow is to compare insider behavior with earnings, guidance, and business changes instead of reading the transactions in isolation.

Build portfolio with Telephone Stock

Telephone's Workforce Through the Years

Employee-history analysis for Telephone can help investors see whether the business is expanding capacity, defending margins, or adjusting to softer demand. The working assumption is a workforce near slightly above 9,910 employees by April 2026, though investors should still compare that path with broader business results.

Macro event markers

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Interest Hikes

Management Team Effectiveness

The company has Return on Asset of -0.35 % which implies that it generated a $0.35 loss per $100 of asset base. This is below the acceptable range for the industry. In the same way, it shows a return on shareholders' equity (ROE) of 2.71 %, which implies that it's equity base generated $2.71 in earnings per $100.

As of 03/16/2026, Common Stock Shares Outstanding is forecasted to advance to approximately 119.1 M this year, although Net Loss is expected to rise to slightly above -82.9 M.

Stock Institutional Investors

Telephone and Data has 97.66% institutional ownership and a 8.33% insider stake. Annual revenue is about 1.23 Billion. That ownership mix shapes how the stock trades around earnings and sector rotation. The business currently sits in the Communication Services sector and the Telecommunication Services industry. Volume spikes around index rebalance dates are worth monitoring given the high institutional share.

		Shares
Rubric Capital Management Lp	2025-12-31	1.9 M
Gamco Investors, Inc. Et Al	2025-12-31	1.6 M
Gabelli Funds Llc	2025-12-31	1.5 M
Ubs Group Ag	2025-09-30	1.5 M
Davidson Kempner Capital Management Lp	2025-12-31	1.4 M
Foursixthree Capital Lp	2025-09-30	1.4 M
140 Summer Partners Lp	2025-12-31	1.3 M
Qube Research & Technologies	2025-12-31	1.3 M
Jpmorgan Chase & Co	2025-09-30	1.3 M
Blackrock Inc	2025-09-30	14.9 M
Vanguard Group Inc	2025-12-31	11.4 M

At 4.93 Billion, Telephone and Data sits in smaller-cap territory where institutional context matters most alongside valuation and volatility readings. The business currently sits in the Communication Services sector and the Telecom Services industry. Reading Telephone and Data holder concentration alongside float turnover and volatility adds the best context for understanding how smaller-cap ownership shapes price.

Insider Trading Activities

Reviewing insider transactions in Telephone and Data helps investors judge whether management behavior is aligned with the public narrative around growth, execution, and capital allocation. Current market capitalization is about 4.93 Billion. Used properly, these records are better for context than for blind buy-or-sell signals.

		Walter Carlson over two weeks ago Acquisition by Walter Carlson of 25191 shares of Telephone subject to Rule 16 b-3
		Vicki Villacrez over a month ago Acquisition by Vicki Villacrez of 17305 shares of Telephone at 25.7 subject to Rule 16 b-3
		LeRoy Carlson over six months ago Disposition of 64543 shares by Le Roy Carlson of Telephone subject to Rule 16 b-3
		Vicki Villacrez over six months ago Disposition of 10170 shares by Vicki Villacrez of Telephone subject to Rule 16 b-3
		Anita Kroll over six months ago Disposition of 2716 shares by Anita Kroll of Telephone subject to Rule 16 b-3
		LeRoy Carlson over six months ago Acquisition by Le Roy Carlson of 5307 shares of Telephone subject to Rule 16 b-3
		James Butman over six months ago Disposition of 45498 shares by James Butman of Telephone subject to Rule 16 b-3
		James Butman over six months ago Disposition of 57362 shares by James Butman of Telephone subject to Rule 16 b-3
		Anita Kroll over six months ago Acquisition by Anita Kroll of 2855 shares of Telephone subject to Rule 16 b-3
		LeRoy Carlson over a year ago Disposition of 236100 shares by Le Roy Carlson of Telephone at 29.26 subject to Rule 16 b-3
		Joseph Hanley over a year ago Disposition of 26902 shares by Joseph Hanley of Telephone at 29.26 subject to Rule 16 b-3
		Anita Kroll over a year ago Disposition of 2855 shares by Anita Kroll of Telephone subject to Rule 16 b-3

Outstanding Bonds

Outstanding bonds linked to Telephone and Data can tell investors a great deal about how the company finances itself beyond common equity markets. Current market capitalization is about 4.93 Billion. Bond investors and equity investors often care about the same cash flows, but they rank the risks differently.

Morgan Stanley 3591 Corp Bond

US61744YAK47

View

View All Telephone Corporate Bonds

Corporate Filings

8K	13th of March 2026 Report filed with the SEC to announce major events that shareholders should know about	View Verify
F4	27th of February 2026 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities	View Verify
10K	24th of February 2026 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance	View Verify
8K	20th of February 2026 Report filed with the SEC to announce major events that shareholders should know about	View Verify
13A	30th of January 2026 An amended filing to the original Schedule 13G	View Verify
8K	13th of January 2026 Report filed with the SEC to announce major events that shareholders should know about	View Verify
8K	12th of December 2025 Report filed with the SEC to announce major events that shareholders should know about	View Verify
F4	20th of November 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities	View Verify

The majority of Telephone's outstanding shares are owned by institutions. This level of institutional concentration typically reflects the stock's inclusion in major indices, consistent liquidity, and long-term investment attractiveness for funds managing assets on behalf of pensions, endowments, and other institutional clients. With institutions controlling the majority of the float, changes in quarterly 13F filings can provide meaningful signals about shifts in professional investor sentiment. The ownership breakdown for Telephone shows approximately 98% institutional, 8% insider, and 0% public.

Shares in Circulation

First Issued

1985-09-30

Previous Quarter

115 M

Current Value

117.5 M

Average Shares Outstanding

108.6 M

Quarterly Volatility

25.1 M

Macro event markers

Black Monday

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Interest Hikes

Holders Distribution

Institutional investors in Telephone and Data typically operate with more research capacity, technology, and trading scale than retail holders, which is why their activity can materially affect price behavior. This matters because getting in early on a sponsorship cycle may help, but getting caught near a large-holder exit can have the opposite effect.

Market Cap and Value

Market Cap Enterprise Value

Workforce Comparison

Telephone and Data is rated below average in number of employees relative to competitors. The total workforce of Communication Services industry is at this time estimated at about 95,102. Telephone holds roughly 4,000 in number of employees claiming about 4% of market share in Communication Services space.

Workforce Capitalization Valuation Total debt Revenue

Compare Telephone to Competition

The company has Net Profit Margin of -1.0 %, which indicates that the company's cost structure is outpacing its revenue. This is below the acceptable range for the industry. In the same way, it shows Net Operating Margin of 2.0 %, which suggests that the company generates $2.0 in operating profit for every $100 of revenue.

Insider Trading History

Reviewing the buy-sell ratio in Telephone's insider history helps distinguish structural compensation events from discretionary trading activity. Shares outstanding are near 106.2 M. Because insider trades are publicly filed, the record is useful for verifying alignment between what management says and what they do with their own capital.

	Buy/Sell Ratio	# Purchases Trades	# Sales Trades	Total Shares Purchased	Total Shares Sold
2025-12-01	0.3333	1	3	502.00	21,103
2025-09-01	0.6136	27	44	478,681	1,151,148
2025-06-01	1.1875	38	32	862,230	920,572
2025-03-01	1.4545	16	11	1,611,964	724,767
2024-09-01	1.0	6	6	777,054	288,519
2024-06-01	1.7727	39	22	1,752,526	662,878
2024-03-01	1.7143	12	7	778,849	53,666
2023-06-01	1.5385	20	13	1,035,829	1,104,804
2023-03-01	1.4545	16	11	342,994	127,675
2022-06-01	0.4737	9	19	356,740	171,152
2022-03-01	1.7	17	10	190,407	59,239
2021-06-01	1.0	25	25	552,781	261,449
2021-03-01	1.2667	19	15	226,116	351,737
2020-09-01	0.3333	1	3	10,562	13,562
2020-06-01	1.1818	26	22	587,124	290,820
2020-03-01	1.5455	17	11	123,947	34,201
2019-12-01	0.1	1	10	1,000.00	3,705
2019-09-01	0.25	1	4	5,000	27,031
2019-06-01	1.0357	29	28	539,093	509,628
2019-03-01	0.8333	20	24	791,628	1,346,756
2018-12-01	0.4444	16	36	496,025	926,576
2018-09-01	0.4194	13	31	586,182	1,121,943
2018-06-01	0.6667	26	39	427,390	341,860
2018-03-01	1.0	15	15	313,546	719,724
2017-12-01	0.2	2	10	2,265	3,387
2017-06-01	1.3333	24	18	491,650	179,354
2017-03-01	2.75	11	4	42,877	11,432
2016-12-01	0.2222	4	18	56,350	189,970
2016-09-01	3.8	19	5	551,505	268,682
2016-06-01	0.4231	11	26	179,329	272,981
2016-03-01	1.3636	15	11	110,379	147,802
2015-12-01	0.3571	5	14	43,224	81,647
2015-06-01	3.1429	22	7	1,158,955	275,663
2015-03-01	1.7143	12	7	52,505	44,282
2014-12-01	0.3684	14	38	169,976	284,143
2014-06-01	4.0	20	5	951,381	19,076
2014-03-01	2.8	14	5	62,324	21,226
2013-12-01	0.4722	17	36	170,757	274,057
2013-09-01	0.2308	3	13	205,062	411,738
2013-06-01	10.0	20	2	972,340	4,123
2013-03-01	4.3333	13	3	57,748	39,041
2012-12-01	0.3846	15	39	114,003	881,257
2012-06-01	11.0	22	2	1,552,000	300,000
2012-03-01	1.2013	179	149	31,206,214	25,493,188
2011-12-01	0.4483	13	29	94,069	136,593
2011-09-01	1.0	1	1	1,248	1,248
2011-06-01	1.5556	14	9	689,400	135,422
2011-03-01	2.2	11	5	35,833	10,570
2010-12-01	0.4643	13	28	78,502	107,802
2010-09-01	1.0	1	1	1,704	1,704
2010-06-01	2.8	14	5	745,800	10,376
2010-03-01	2.0	10	5	30,576	8,047
2009-12-01	0.2927	12	41	49,789	89,871
2009-09-01	0.5	2	4	5,469	5,807
2009-06-01	4.6667	14	3	748,006	712.39
2009-03-01	3.3333	10	3	31,378	4,194
2008-12-01	0.3333	10	30	40,363	61,063
2008-09-01	5.3333	16	3	860,966	252,528
2008-06-01	0.3333	2	6	35,640	217,881
2008-03-01	0.1575	20	127	53,791	53,161
2007-12-01	0.1096	40	365	154,183	246,959
2007-09-01	0.5529	47	85	550,681	183,981
2007-06-01	0.5185	42	81	1,446,399	1,875,879
2007-03-01	0.25	2	8	7,758	8,406
2006-12-01	2.0	34	17	299,362	114,823
2006-09-01	0.6667	2	3	0.00	0.00
2006-06-01	7.0	21	3	437,574	6,875
2006-03-01	0.6	3	5	125.00	1,701
2005-12-01	3.5	28	8	34,787	23,239
2005-09-01	2.0	10	5	1,307	4,214
2005-06-01	45.0	135	3	5,647,719	5,511
2005-03-01	2.25	27	12	48,003	81,324
2004-12-01	2.6	26	10	21,342	21,603
2004-09-01	0.8824	15	17	53,512	108,587
2004-06-01	3.8333	23	6	178,594	24,760
2004-03-01	0.7838	29	37	126,118	261,463
2003-12-01	2.2857	32	14	233,695	225,670
2003-06-01	7.0	7	1	39,990	677.00
2003-03-01	1.0	1	1	1,350	6,750

Notable Stakeholders

A Telephone stakeholder is any individual or group with an interest in the outcome of the business, which is why stakeholder analysis can reveal who may influence strategy and oversight. Telephone's stakeholders can support or challenge the entity's direction, which is why tracking them can add context around price-sensitive developments.

Laurent Therivel	President and Chief Executive Officer of U.S. Cellular, Director	Profile
James Butman	President and CEO of TDS Telecommunications Corporation	Profile
Walter Carlson	Non-Executive Chairman of the Board	Profile
LeRoy Carlson	CEO and President Director, Chairman of Pricing Committee, Member of Corporate Governance and Nominating Committee, Member of Technology Advisory Group Committee, Chairman of U S Cellular and Chairman of TDS Telecom	Profile
Walter JD	President Chairman	Profile
Jane McCahon	Senior Vice President - Corporate Relations and Corporate Secretary	Profile
Kurt Thaus	Chief Information Officer, Senior Vice President	Profile
Daniel DeWitt	Senior Vice President - Human Resources	Profile
Joseph Hanley	Senior Vice President - Technology, Services and Strategy	Profile
Peter Sereda	Chief Financial Officer, Executive Vice President - Finance, Principal Financial Officer	Profile
Scott Williamson	Senior Vice President - Acquisitions and Corporate Development	Profile
Anita Kroll	Chief Accounting Officer, Vice President - Controller, Principal Accounting Officer	Profile
Vicki CPA	CFO VP	Profile
Clarence Davis	Independent Director	Profile
George Off	Independent Director	Profile
Prudence Carlson	Director	Profile
Kimberly Dixon	Independent Director	Profile
Letitia Carlson	Director	Profile
Gary Sugarman	Independent Director	Profile
Kenneth Meyers	CFO, Executive VP, Director, Member of Pricing Committee and Director of U S Cellular	Profile
Christopher OLeary	Independent Director	Profile
Elsa Ansani	VP Secretary	Profile
John Toomey	VP Treasurer	Profile
Stephen CPA	General Secretary	Profile
Jessica Bartley	VP Officer	Profile
Julie Mathews	Director Relations	Profile
Mr Greene	Vice Development	Profile
AnnMarie Kreitzer	Senior Officer	Profile
Vicki Villacrez	Ex CFO	Profile
Wade Oosterman	Independent Director	Profile
Laurie Ruchti	VP Officer	Profile
John Kelsh	General Secretary	Profile
Colleen Thompson	Vice Relations	Profile
Theodore Wiessing	Sr Advisor	Profile

Management Information & Data Sources

Telephone is a large-cap company in Wireless Telecommunication Services, Telecommunication Services, Communication Services. Executive review focuses on insiders, senior management, and employee signals. Leadership stability matters when evaluating execution against stated business priorities. CEO is Laurent Therivel with 4,000 employees and 34 reported executives.

For Telephone and Data, this section uses periodic company reporting and market reference feeds with Macroaxis normalization rules applied to keep cross-asset comparisons consistent. Intraday timing differences may exist. Insider and management fields are mapped from published filings and company disclosures.

This content is curated and reviewed by:

Raphi Shpitalnik - Junior Member of Macroaxis Editorial Board

Last reviewed on February 21st, 2026

Workforce Efficiency and Productivity

Workforce metrics tied to Telephone and Data offer a useful way to test whether headcount and economic output are moving in a productive direction. The business is commonly classified in the Communication Services sector and the Telecom Services industry.

Telephone Manpower Efficiency

Return on Telephone Manpower

	Revenue Per Employee	307.1K
	Revenue Per Executive	36.1M
	Net Income Per Employee	31.2K
	Net Income Per Executive	3.7M
	Working Capital Per Employee	120.8K
	Working Capital Per Executive	14.2M

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