TDS approves 2026 executive bonus plan with 80% company performance weighting

TELEPHONE & DATA SYSTEMS INC /DE/

Plan covers EVP, SVP, Vice Chair, and TDS Telecom President/CEO; excludes TDS President/CEO.
52% weight on TDS Telecom KPM attainment, 28% on Array KPM attainment.
20% individual performance with payout range 0%-160% of target.
Awards require CHRC approval; no binding right until paid on or before March 15 following year.
Array CEO's bonus determined under separate Array 2026 plan, incorporated by reference.

item 5.02item 9.01

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