Uniti executive reports tax-withholding share dispositions
Uniti Group Inc. executive Michael Friloux reported routine share dispositions related to tax withholding on vested restricted stock, rather than open-market sales.
Rhea-AI Filing Summary
Uniti Group Inc. executive Michael Friloux reported routine share dispositions related to tax withholding on vested restricted stock, rather than open-market sales. On two dates, a total of 10,650 shares of common stock were withheld at a price of $8.58 per share to cover tax obligations. After these transactions, he directly owned 338,312 Uniti Group common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 10,650 shares
Exercise Price or Tax Liability
2 txns
Insider
FRILOUX MICHAEL
Role
SEVP & Chief Tech. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | COMMON STOCK | 4,839 | $8.58 | $42K |
| Exercise Price or Tax Liability | COMMON STOCK | 5,811 | $8.58 | $50K |
Holdings After Transaction:
COMMON STOCK — 338,312 shares (Direct)
Footnotes (1)
- F1. These shares were withheld to satisfy the reporting person's tax obligations that arose when time-based restricted stock belonging to the reporting person vested.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Uniti Group (UNIT) report for Michael Friloux?
Uniti Group reported that executive Michael Friloux had 10,650 common shares withheld in two transactions as tax-withholding dispositions. These transactions covered taxes from vesting restricted stock rather than representing open-market purchases or sales of UNIT shares.
What does transaction code F mean in the Uniti Group (UNIT) Form 4?
Transaction code F on the Form 4 indicates shares used for payment of an exercise price or tax liability. In this case, Uniti Group reported that shares were withheld to satisfy Michael Friloux’s tax obligations when his time-based restricted stock vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.