Uniti Group (UNIT) CFO uses shares to cover tax withholding on vesting
Rhea-AI Filing Summary
Uniti Group Inc. senior executive vice president and CFO Paul Bullington reported a tax-related share disposition. On 2026-08-01, 18,306 shares of common stock were withheld at $9.72 per share to satisfy his tax obligations upon vesting of time-based restricted stock, leaving him with 553,164 shares of common stock held directly.
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Insights
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Insider Trade Summary
Net Seller: 18,306 shares
Net Sell
1 txn
Insider
Bullington Paul
Role
SEVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | COMMON STOCK F1 | 18,306 | $9.72 | $178K |
Holdings After Transaction:
COMMON STOCK — 553,164 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.
Key Figures
Shares withheld for taxes: 18,306 shares
Valuation price per share: $9.72 per share
Shares owned after transaction: 553,164 shares
3 metrics
Shares withheld for taxes
18,306 shares
Common stock withheld on 2026-08-01 to satisfy tax obligations
Valuation price per share
$9.72 per share
Price used to determine shares withheld for tax liability
Shares owned after transaction
553,164 shares
Direct Uniti Group common stock holdings of Paul Bullington after tax withholding
Key Terms
time-based restricted stock, tax obligations, Payment of tax liability by delivering or withholding securities
3 terms
time-based restricted stock financial
"when time-based restricted stock belonging to the reporting person vested"
Time-based restricted stock are company shares granted to employees or executives that become fully owned and transferable only after the recipient stays with the company for specified time periods. Think of it like receiving a wrapped gift that opens a little each year; the gradual unlocking helps keep employees motivated and tied to long-term performance. Investors watch these grants because they can dilute existing shares when they vest and signal how management is being rewarded and incentivized.
tax obligations financial
"shares were withheld to satisfy the reporting person's tax obligations"
Payment of tax liability by delivering or withholding securities financial
"transaction code description: Payment of tax liability by delivering or withholding securities"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Uniti Group (UNIT) CFO Paul Bullington report?
Paul Bullington reported that 18,306 shares of Uniti Group common stock were withheld on 2026-08-01 to cover his tax obligations. The shares were withheld at $9.72 per share when his time-based restricted stock vested, rather than sold in an open-market trade.
Was the Uniti Group (UNIT) CFO’s transaction an open-market sale?
No, the transaction was a tax-withholding disposition, not an open-market sale. The company withheld 18,306 shares of common stock at $9.72 per share to satisfy Bullington’s tax obligations from vested time-based restricted stock.
Was the Uniti Group (UNIT) CFO’s transaction under a Rule 10b5-1 trading plan?
The report indicates the transaction was not made under a Rule 10b5-1 plan, as the related plan checkbox was not selected. Instead, the disposition reflects automatic tax withholding when time-based restricted stock vested for the executive.