Form 8-K · Current Report · Filed 2024-09-13
T-Mobile US, Inc. Announces Compensation Agreement with CFO Peter Osvaldik
On September 12, 2024, T-Mobile US, Inc. announced a compensation letter agreement with its Executive Vice President and Chief Financial Officer, Peter Osvaldik. The agreement stipulates his continued employment until July 2, 2026, with potential extensions. It includes an annual base salary of no less than $975,000, short-term and long-term incentive awards, and severance pay provisions in the event of a non-extension termination or qualifying termination. The agreement is subject to certain conditions, including the execution of a release of claims and compliance with restrictive covenants.
- Filer
- T-Mobile US, Inc. TMUS · NASDAQ
- Filed
- Accession
- 0001193125-24-218877
- CIK
- 0001283699
- Signal
- Low impactCommunication Services
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$202.41
Next session
+1.7%
Since filing
-14.7%
Latest close
$172.71
What happened, not what will happen — closing prices around the filing date.
About T-Mobile US, Inc.
T-Mobile US, Inc. is a leading telecommunications company in the United States, recognized for its expansive 5G network and customer-first approach to wireless communication services. As a mobile carrier, T-Mobile offers a variety of services including voice, messaging, and data services to individual and business customers throughout the country. Its significant investment in cutting-edge wireless technology positions it at the forefront of innovations in connectivity and digital communications. Known for its commitment to affordable and transparent billing practices, T-Mobile challenges traditional industry norms by eliminating long-term contracts and advocating for customer-friendly policies. The company has a substantial impact on industries reliant on mobile connectivity, such as ecommerce, tech services, and IoT (Internet of Things). Headquartered in Bellevue, Washington, T-Mobile has established itself as a market disruptor, influencing competitive dynamics within the telecommunications sector by consistently focusing on network reliability, coverage, and customer satisfaction. Its contributions to the rollout and expansion of 5G infrastructure are pivotal in supporting the nation's journey towards enhanced digital transformation.
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