T-MOBILE US, INC., DEF 14A filed on 4/27/2026
Proxy Statement (definitive)
v3.26.1
Cover
 12 Months Ended
Dec. 31, 2025
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name T-Mobile US, Inc.
Entity Central Index Key 0001283699
v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
The following table summarizes the relationship between the compensation paid to our Chief Executive Officer(s) (referred to in this discussion as our “PEO(s)”) and the other Named Executive Officers (referred to in this discussion as our
“Non-PEO
NEOs”) and our financial performance for the fiscal years shown in the table below.
 
Year
(1)
  
Summary
Compensation
Table Total for
PEO
(Mr. Gopalan)
($)
  
Summary
Compensation
Table Total for
PEO
(Mr. Sievert)
($)
  
Compensation
Actually Paid
to
PEO
(Mr. Gopalan)
($) 
(2) (3)
  
Compensation
Actually Paid
to
PEO
(Mr. Sievert)
($)
(2) (3)
  
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs
(2)
($)
  
Average
Compensation
Actually Paid
to Non-PEO

NEOs
($)
(2) (3)
  
Value of Initial Fixed $100
Investment Based on:
  
Net
Income
(millions)
($)
  
Adjusted
Free
Cash
Flow
(5)

(millions)
($)
 
TMUS Total
Shareholder
Return
($) 
(4)
  
Peer Group
Total
Shareholder
Return
(4)

($)
(a)
  
(b)
  
(b)
  
(c)
  
(c)
  
(d)
  
(e)
  
(f)
  
(g)
  
(h)
  
(i)
2025
       35,439,421       50,408,096       29,796,797       63,432,371       18,826,522       14,580,415       156       112       10,992       17,995
2024
       —       30,040,245       —       70,190,679       9,778,552       20,462,125       167       109       11,339       17,032
2023
       —       37,488,851       —       55,021,146       10,759,665       13,633,451       119       89       8,317       13,586
2022
       —       29,060,048       —       86,602,023       10,461,699       21,148,334       104       82       2,590       7,656
2021
       —       22,610,659       —       (15,052,969 )       9,689,891       3,906,500       86       91       3,024       5,646
 
1
In accordance with applicable SEC rules, since Messrs. Gopalan and Sievert both served as Chief Executive Officer during 2025, they are each included in the table above and corresponding footnotes as a PEO. The following table lists the PEOs and
Non-PEO
NEOs for each of fiscal years 2025, 2024, 2023, 2022, and 2021.
 
 Year
   
PEO
   
Non-PEO
NEOs
 2025
    Srinivasan Gopalan & G. Michael Sievert    Peter Osvaldik, Mark W. Nelson, Michael J. Katz, Jonathan A. Freier, Callie R. Field, Ulf Ewaldsson
 2024
    G. Michael Sievert    Peter Osvaldik, Mark W. Nelson, Michael J. Katz, Jonathan A. Freier, Callie R. Field
 2023
    G. Michael Sievert    Peter Osvaldik, Mark W. Nelson, Michael J. Katz, Jonathan A. Freier, Callie R. Field
 2022
    G. Michael Sievert    Peter Osvaldik, Neville R. Ray, Mark W. Nelson, Peter A. Ewens, Brandon D. Draper
 2021
    G. Michael Sievert    Peter Osvaldik, Neville R. Ray, Mark W. Nelson, Peter A. Ewens, David A. Miller
 
2
The following table shows the amounts deducted from and added to the Summary Compensation Table totals to calculate “Compensation Actually Paid” to our PEOs and to the average Summary Compensation Table totals for our Non-PEO NEOs in accordance with Item 402(v)(2)(iii) of Regulation S-K:
 
    
2025
  
  
 
   
Mr. Gopalan
($)
     
Mr. Sievert
($)
     
Average
Non-PEO
NEOs ($)
  
Summary Compensation Table Total
      35,439,421        50,408,096        18,826,522  
- Grant Date Fair Value of Stock Awards Granted in Fiscal Year
      (27,114,078 )       (27,546,942 )       (14,165,185 ) 
+ Fair Value at Fiscal
Year-End
of Outstanding and Unvested Stock Awards Granted in Fiscal Year
      21,471,455        —        8,171,653  
+ Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years
      —        —        (163,789 ) 
+ Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year
      —        19,777,194        146,294  
+ Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
      —        20,794,023        2,173,522  
- Fair Value as of Prior Fiscal
Year-End
of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
      —        —        (408,602 ) 
Compensation Actually Paid
      29,796,797        63,432,371        14,580,415  
 
3
The dollar amounts reported represent the amount of “Compensation Actually Paid,” as calculated in accordance with Item 402(v)(2)(iii) of Regulation S-K. These dollar amounts do not reflect the actual amounts of compensation earned by or paid to our NEOs during the applicable year. For purposes of calculating “Compensation Actually Paid,” the fair value of stock awards is calculated in accordance with FASB ASC Topic 718 using the same assumption methodologies used to calculate the grant date fair value of stock awards for purposes of the Summary Compensation Table. For additional information regarding the valuation assumptions used to calculate the fair value of our stock awards, please see the notes to our financial statements in our Annual Report on Form
10-K
for the applicable fiscal year.
 
4
The Company and the Company’s peer group cumulative TSR (the “Peer Group TSR”) is determined based on the value of an initial fixed investment of $100 in our common stock for the period beginning on the last trading day of 2020 through the end of the relevant fiscal year, assuming reinvestment of all dividends. The Peer Group TSR set forth in this table was determined using Dow Jones U.S. Mobile Telecommunications TSM Index, which we also use in preparing the stock performance graph required by Item 201(e) of Regulation
S-K
for our Annual Report on Form
10-K
for 2025.
 
5
The Company has identified Adjusted Free Cash Flow as the company-selected measure for the pay versus performance disclosure, as it represents the most important financial performance measure used to link compensation actually paid to the PEOs and the
Non-PEO
NEOs in 2025 to the Company’s performance. See Appendix A to this Proxy Statement for a reconciliation of Adjusted Free Cash Flow, a non-GAAP measure to the most directly comparable GAAP measure.
       
Company Selected Measure Name Adjusted Free Cash Flow        
Named Executive Officers, Footnote
1
In accordance with applicable SEC rules, since Messrs. Gopalan and Sievert both served as Chief Executive Officer during 2025, they are each included in the table above and corresponding footnotes as a PEO. The following table lists the PEOs and
Non-PEO
NEOs for each of fiscal years 2025, 2024, 2023, 2022, and 2021.
 
 Year
   
PEO
   
Non-PEO
NEOs
 2025
    Srinivasan Gopalan & G. Michael Sievert    Peter Osvaldik, Mark W. Nelson, Michael J. Katz, Jonathan A. Freier, Callie R. Field, Ulf Ewaldsson
 2024
    G. Michael Sievert    Peter Osvaldik, Mark W. Nelson, Michael J. Katz, Jonathan A. Freier, Callie R. Field
 2023
    G. Michael Sievert    Peter Osvaldik, Mark W. Nelson, Michael J. Katz, Jonathan A. Freier, Callie R. Field
 2022
    G. Michael Sievert    Peter Osvaldik, Neville R. Ray, Mark W. Nelson, Peter A. Ewens, Brandon D. Draper
 2021
    G. Michael Sievert    Peter Osvaldik, Neville R. Ray, Mark W. Nelson, Peter A. Ewens, David A. Miller
        
Peer Group Issuers, Footnote The Company and the Company’s peer group cumulative TSR (the “Peer Group TSR”) is determined based on the value of an initial fixed investment of $100 in our common stock for the period beginning on the last trading day of 2020 through the end of the relevant fiscal year, assuming reinvestment of all dividends. The Peer Group TSR set forth in this table was determined using Dow Jones U.S. Mobile Telecommunications TSM Index, which we also use in preparing the stock performance graph required by Item 201(e) of Regulation
S-K
for our Annual Report on Form
10-K
for 2025. 		       
Adjustment To PEO Compensation, Footnote
2
The following table shows the amounts deducted from and added to the Summary Compensation Table totals to calculate “Compensation Actually Paid” to our PEOs and to the average Summary Compensation Table totals for our Non-PEO NEOs in accordance with Item 402(v)(2)(iii) of Regulation S-K:
 
    
2025
  
  
 
   
Mr. Gopalan
($)
     
Mr. Sievert
($)
     
Average
Non-PEO
NEOs ($)
  
Summary Compensation Table Total
      35,439,421        50,408,096        18,826,522  
- Grant Date Fair Value of Stock Awards Granted in Fiscal Year
      (27,114,078 )       (27,546,942 )       (14,165,185 ) 
+ Fair Value at Fiscal
Year-End
of Outstanding and Unvested Stock Awards Granted in Fiscal Year
      21,471,455        —        8,171,653  
+ Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years
      —        —        (163,789 ) 
+ Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year
      —        19,777,194        146,294  
+ Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
      —        20,794,023        2,173,522  
- Fair Value as of Prior Fiscal
Year-End
of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
      —        —        (408,602 ) 
Compensation Actually Paid
      29,796,797        63,432,371        14,580,415  
        
Non-PEO NEO Average Total Compensation Amount $ 18,826,522 $ 9,778,552 $ 10,759,665 $ 10,461,699 $ 9,689,891
Non-PEO NEO Average Compensation Actually Paid Amount $ 14,580,415 20,462,125 13,633,451 21,148,334 3,906,500
Adjustment to Non-PEO NEO Compensation Footnote
2
The following table shows the amounts deducted from and added to the Summary Compensation Table totals to calculate “Compensation Actually Paid” to our PEOs and to the average Summary Compensation Table totals for our Non-PEO NEOs in accordance with Item 402(v)(2)(iii) of Regulation S-K:
 
    
2025
  
  
 
   
Mr. Gopalan
($)
     
Mr. Sievert
($)
     
Average
Non-PEO
NEOs ($)
  
Summary Compensation Table Total
      35,439,421        50,408,096        18,826,522  
- Grant Date Fair Value of Stock Awards Granted in Fiscal Year
      (27,114,078 )       (27,546,942 )       (14,165,185 ) 
+ Fair Value at Fiscal
Year-End
of Outstanding and Unvested Stock Awards Granted in Fiscal Year
      21,471,455        —        8,171,653  
+ Change in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Fiscal Years
      —        —        (163,789 ) 
+ Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year
      —        19,777,194        146,294  
+ Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
      —        20,794,023        2,173,522  
- Fair Value as of Prior Fiscal
Year-End
of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
      —        —        (408,602 ) 
Compensation Actually Paid
      29,796,797        63,432,371        14,580,415  
        
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid, TSR, and Peer Group TSR
 
LOGO 		       
Compensation Actually Paid vs. Net Income
Compensation Actually Paid and Net Income
 
LOGO 		       
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid and Adjusted Free Cash Flow
 
LOGO 		       
Total Shareholder Return Vs Peer Group
Compensation Actually Paid, TSR, and Peer Group TSR
 
LOGO 		       
Tabular List, Table
Pay Versus Performance Tabular List
We believe the following performance measures represent the most important financial performance measures used by us to link compensation actually paid to our NEOs for the fiscal year ended December 31, 2025:
 
 
  
Service Revenues;
 
 
  
Core Adjusted EBITDA; and
 
 
  
Adjusted Free Cash Flow.
In the “Compensation Discussion and Analysis” section of this Proxy Statement, we provide greater detail on the elements of our executive compensation program and our “pay-for-performance” compensation philosophy. We believe the Company’s executive compensation program appropriately rewards our PEO and the Non-PEO NEOs for Company and individual performance, promotes retention of our senior leadership team and supports long-term value creation for our stockholders.
       
Total Shareholder Return Amount $ 156 167 119 104 86
Peer Group Total Shareholder Return Amount 112 109 89 82 91
Net Income (Loss) $ 10,992,000,000 $ 11,339,000,000 $ 8,317,000,000 $ 2,590,000,000 $ 3,024,000,000
Company Selected Measure Amount 17,995,000,000 17,032,000,000 13,586,000,000 7,656,000,000 5,646,000,000
Measure:: 1          
Pay vs Performance Disclosure          
Name Service Revenues        
Measure:: 2          
Pay vs Performance Disclosure          
Name Core Adjusted EBITDA        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted Free Cash Flow        
Non-GAAP Measure Description See Appendix A to this Proxy Statement for a reconciliation of Adjusted Free Cash Flow, a non-GAAP measure to the most directly comparable GAAP measure.        
G. Michael Sievert [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 50,408,096 $ 30,040,245 $ 37,488,851 $ 29,060,048 $ 22,610,659
PEO Actually Paid Compensation Amount $ 63,432,371 $ 70,190,679 $ 55,021,146 $ 86,602,023 $ (15,052,969)
PEO Name G. Michael Sievert G. Michael Sievert G. Michael Sievert G. Michael Sievert G. Michael Sievert
Srinivasan Gopalan [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 35,439,421 $ 0 $ 0 $ 0 $ 0
PEO Actually Paid Compensation Amount $ 29,796,797 $ 0 $ 0 $ 0 $ 0
PEO Name Srinivasan Gopalan        
PEO | G. Michael Sievert [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (27,546,942)        
PEO | G. Michael Sievert [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | G. Michael Sievert [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | G. Michael Sievert [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 19,777,194        
PEO | G. Michael Sievert [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 20,794,023        
PEO | G. Michael Sievert [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Srinivasan Gopalan [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (27,114,078)        
PEO | Srinivasan Gopalan [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 21,471,455        
PEO | Srinivasan Gopalan [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Srinivasan Gopalan [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Srinivasan Gopalan [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Srinivasan Gopalan [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (14,165,185)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 8,171,653        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (163,789)        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 146,294        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,173,522        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (408,602)        
v3.26.1
Award Timing Disclosure
 12 Months Ended
Dec. 31, 2025
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure
Equity Granting Practices
The Compensation Committee has adopted an equity grant policy pursuant to which the Compensation Committee (or the Section 16 Subcommittee) may approve annual grants to executive officers and other members of the executive leadership team at a specified time each year. In addition to the annual grants, equity awards may be granted on a quarterly basis to new hires. We may also grant supplemental equity awards from time to time to retain high-performing leaders, reward exceptional performance or recognize expanded responsibility. The Compensation Committee has delegated authority to the Company’s Chief People Officer, subject to certain terms and limitations as established by the Compensation Committee, to grant awards to employees who are not Section 16 officers.
v3.26.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true