Uniti Group (UNIT) director granted 22,050-share equity award vesting 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Uniti Group Inc. director Francis X. Frantz reported an equity award of common stock. He acquired 22,050 shares of common stock at a stated price of $0.00 per share as a grant or award, bringing his directly held total to 220,435 shares.
According to the filing, these granted shares will vest on February 26, 2027, subject to his continued service on the board of directors. The filing also notes a prior clerical error and explains that current totals reflect a corrected, as-converted amount based on earlier share conversion into Uniti Group Inc. stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
FRANTZ FRANCIS X
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 22,050 | $0.00 | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 220,435 shares (Direct);
COMMON STOCK — 3,230 shares (Indirect, By IRA)
Footnotes (1)
- Subject to the reporting person's continued service on the issuer's board of directors, these shares will vest on February 26, 2027. Due to clerical error, the reporting person's Form 4 filed on August 5, 2025 overreported the number of shares of the issuer acquired by the reporting person on August 1, 2025 (the "Prior Form 4"). As reported in the Prior Form 4, each share of common stock or restricted stock in Uniti Group LLC, a Delaware limited liability company (f/k/a Uniti Group Inc.) ("Old Uniti") held by the reporting person was converted into the right to receive 0.6029 shares of common stock of the issuer. The number of shares previously reported was not adjusted to reflect such conversion. The total in column 5 reflects the corrected, as-converted amount.
FAQ
What did Uniti Group (UNIT) director Francis X. Frantz report in this Form 4?
Francis X. Frantz reported receiving an equity award of 22,050 shares of Uniti Group common stock. The grant was recorded at a price of $0.00 per share and increased his directly held total to 220,435 shares, subject to the vesting conditions disclosed.
Does Francis X. Frantz have any indirect Uniti Group (UNIT) holdings reported?
Yes. The Form 4 shows 3,230 Uniti Group common shares held indirectly through an IRA. This position is categorized as indirect ownership, separate from his directly held 220,435 shares following the reported equity award transaction.
What prior reporting correction is mentioned in this Uniti Group (UNIT) Form 4?
The Form 4 notes a clerical error in a filing dated August 5, 2025. That earlier report overcounted shares acquired on August 1, 2025, because it did not adjust for a 0.6029 conversion ratio. Current totals now reflect the corrected, as-converted amount.