01—Abstract
Summary
Summary of the 8-K filed September 3, 2026. Cited figures are marked; the original filing is the authoritative source.
T-Mobile US, Inc. (TMUS) disclosed on September 3, 2026 that CFO Peter Osvaldik will retire from the CFO role in February 2027, with a planned Strategic Advisor role through July 1, 2027, when his contract extension ends.
Jessica Uhl, former CFO of Shell plc and most recently President of GE Vernova, joins as CFO Designate in mid-September 2026 and is expected to succeed him as CFO. The company describes this as long-term succession planning with an extended overlap period intended to preserve continuity across finance, investor relations and capital markets relationships. The filing's compensation disclosure sets out Uhl's Offer Letter, dated September 1, 2026.
It includes a base salary of at least $975,000,a an STI target of at least 200% of eligible earnings, and annual LTI awards from 2027 with a target grant-date value of at least $9.525 million. She also receives a $1 million sign-on cash bonus, subject to pro-rata clawback if she leaves without good reason within 12 months, and one-time sign-on LTI awards of $9.525 million, split between RSUs ($6.35 million) and PRSUs ($3.175 million). Severance for termination without cause or for good reason is two times base plus target STI, with partial vesting of LTI awards.
A retirement letter agreement, previously described in the December 2025 8-K, is incorporated by reference. From an investor standpoint, the announcement is primarily a leadership transition rather than a financial event.
The company reaffirmed its 2026 financial guidance and said its capital return program and long-term financial framework are unchanged. The main items to monitor are the execution of the handover, the Offer Letter exhibit to be filed later, and the 2026 Form 10-K, after which Uhl is expected to take over as CFO.
02—Key points
Key Highlights
- CFO Peter Osvaldik, CFO since 2020, will retire from the CFO role in February 2027 and serve as Strategic Advisor through July 1, 2027.
- Jessica Uhl, former CFO of Shell plc (2017-2022) and President of GE Vernova (2024-2025), joins as CFO Designate in mid-September 2026 and is expected to become CFO after the 2026 Form 10-K is filed.
- Uhl's compensation includes a base salary of at least $975,000, an STI target of at least 200% of eligible earnings, and annual LTI awards from 2027 with a target value of at least $9.525 million.
- Uhl receives a $1 million sign-on cash bonus (subject to pro-rata clawback within 12 months) and one-time sign-on LTI awards valued at $9.525 million, including $6.35 million in RSUs and $3.175 million in PRSUs.
- Severance for termination without cause or for good reason is two times base salary plus target STI, with partial LTI vesting and up to 12 months of health and dental coverage.
- T-Mobile reaffirmed its 2026 financial guidance and stated that its capital return program and long-term financial framework are unchanged.
- The Offer Letter itself has not yet been filed and will be provided in a later SEC filing, so the full terms should be reviewed once available.
03—Questions
Frequently Asked Questions
Why is T-Mobile's CFO transitioning, and does this signal any financial concern?
The company characterizes the change as planned long-term succession. Osvaldik's contract extension was originally tied to the CEO transition, and the company says the overlap period is designed to ensure continuity. The release reaffirms 2026 guidance and the capital return program, and it does not cite any performance issues.
When will Jessica Uhl formally become CFO?
Uhl starts as CFO Designate in mid-September 2026 and is expected to succeed Osvaldik as CFO in February 2027. The Offer Letter says her transition to CFO occurs after T-Mobile files its 2026 Form 10-K.
What is Uhl's compensation package?
Her package includes a base salary of at least $975,000, an STI target of at least 200% of eligible earnings, and annual LTI awards from 2027 with a target grant-date value of at least $9.525 million. Her sign-on package includes a $1 million cash bonus and $9.525 million in one-time LTI awards, split between RSUs and PRSUs. Pay is also subject to the company's clawback policy and a best-pay cap for excise tax purposes.
What happens to Osvaldik's compensation and role after he steps down as CFO?
Osvaldik becomes Strategic Advisor after the February 2027 handover and stays in that role through July 1, 2027, the end of his previously announced contract extension, to support the transition. The filing does not disclose the terms of his advisory arrangement in this document.
Does the leadership change affect T-Mobile's guidance or capital return plans?
No. The company stated in the press release that it reaffirms its 2026 financial guidance and maintains its capital return program and long-term financial framework.
04—Continue