Uniti Group (UNIT) EVP receives 54,037-share grant, withholds 6,319 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Uniti Group Inc. executive Daniel L. Heard, SEVP, General Counsel & Secretary, reported two stock transactions involving company common shares. On March 1, 2026, he acquired 54,037 shares as a grant or award, bringing his directly held stake in this line item to 448,236 shares.
On February 27, 2026, 6,319 shares at $7.32 per share were disposed of to satisfy tax obligations arising from the vesting of his time-based restricted stock, leaving 394,199 shares reported after that transaction. The newly granted shares are scheduled to vest in three equal installments each March 1 starting in 2027, subject to his continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
HEARD DANIEL L
Role
SEVP, Gen. Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 54,037 | $0.00 | -- |
| Tax Withholding | COMMON STOCK | 6,319 | $7.32 | $46K |
Holdings After Transaction:
COMMON STOCK — 448,236 shares (Direct)
Footnotes (1)
- 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. Subject to the reporting person's continued employment, these shares vest in three equal installments on March 1 of each year, with the first vesting date being March 1, 2027.
FAQ
What insider transactions did UNIT executive Daniel L. Heard report on this Form 4?
Daniel L. Heard reported one acquisition and one disposition of Uniti Group common stock. He received 54,037 shares as a grant and had 6,319 shares withheld to cover taxes triggered by vesting of time-based restricted stock.
What is the vesting schedule for Daniel L. Heard’s new Uniti Group stock award?
The newly granted shares vest in three equal installments on March 1 of each year, beginning March 1, 2027. Vesting is conditioned on Daniel Heard’s continued employment with Uniti Group, so he receives one-third of the award at each annual vesting date.
Are Daniel Heard’s Uniti Group (UNIT) transactions open-market buys or sells?
No open-market buys or sells are reported. The Form 4 shows a grant or award acquisition of 54,037 shares at $0.00 and a tax-withholding disposition of 6,319 shares, used to pay taxes due when previously granted restricted stock vested.