Company: UZF
Filing Date: 2025-04-09
Form Type: 10-K/A
Source: 0000821130-25-000027
Chunk: 38

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-04-09
Form: 10-K/A
Chunk 38
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 Kevin R. Lowell deferred 20% into UScellular deferred compensation stock units.

(b) In accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718. Compensation-Stock Compensation ("FASB ASC 718"), this represents the aggregate grant date fair value. Assumptions made in the valuation of stock awards in this column are described in UScellular's financial statements included in the accompanying Annual Report to Shareholders for the year ended December 31, 2024. In addition, amounts reflected in this column for 2024 include modification charges incurred in connection with the adjustments to the 2021 performance share units with respect to a 15% discretionary increase to the awards final payout that was approved by the LTICC in February 2024. The aggregate modification charges reflected in the table above for Messrs. Therivel, Chambers, Irizarry and Lowell are $388,667, $104,085, $143,414 and $55,264, respectively.

The table below provides both the grant date fair value at target, and also at maximum, for the 2024 performance share unit awards using the March 4, 2024 grant date closing price of $34.71:

|                         |     | Laurent C. 
 Therivel   |     |            |     | Douglas W. 
 Chambers   |     |            |     | Michael S. 
 Irizarry   |     |            |     | Kevin R. Lowell |     |            |
| Grant Date Value (100%) |     |            |     | $2,386,313 |     |            |     |   $719,052 |     |            |     |   $969,068 |     |                 |     |   $610,722 |
| Maximum Value (175%)    |     |            |     | $4,176,047 |     |            |     | $1,258,341 |     |            |     | $1,695,869 |     |                 |     | $1,068,764 |

(c) Represents the portion of the annual bonus paid in 2025 with respect to 2024 performance that represents non-equity incentive plan compensation.

(d) Includes the portion of interest that exceeded the amount calculated utilizing 120% of the AFR at the time the interest rate was set. Each of the NEOs currently participates in a supplemental executive retirement plan (SERP). In addition, column (d) includes interest on any deferred salary or bonus that exceeded