Uniti Group (UNIT) executive uses 10,650 shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
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
2 transactions reported
Mixed
2 txns
Insider
FRILOUX MICHAEL
Role
SEVP & Chief Tech. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | COMMON STOCK | 4,839 | $8.58 | $42K |
| Tax Withholding | COMMON STOCK | 5,811 | $8.58 | $50K |
Holdings After Transaction:
COMMON STOCK — 338,312 shares (Direct)
Footnotes (1)
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FAQ
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.