Uniti Group Inc. (UNIT) CEO gets stock grant, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Uniti Group Inc. President and CEO Kenny Gunderman reported two equity-related transactions in company common stock. He received a grant of 191,382 shares at no cost, which are scheduled to vest in three equal installments each March 1 starting in 2027, subject to continued employment. Separately, 19,212 shares were withheld at a price of $7.32 per share to cover tax obligations from vesting restricted stock. After these transactions, he directly owned 2,005,979 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Gunderman Kenny
Role
Pres. & Chief Exec. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 191,382 | $0.00 | -- |
| Tax Withholding | COMMON STOCK | 19,212 | $7.32 | $141K |
Holdings After Transaction:
COMMON STOCK — 2,005,979 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 did Uniti Group Inc. (UNIT) CEO Kenny Gunderman report in this Form 4?
Kenny Gunderman reported receiving a grant of 191,382 Uniti Group common shares and a separate disposition of 19,212 shares withheld for taxes. Both transactions involved equity compensation rather than open-market buying or selling of stock.
What is the vesting schedule for the new Uniti Group (UNIT) stock grant?
The 191,382-share grant vests in three equal installments on March 1 of each year, beginning March 1, 2027. Vesting is conditioned on Kenny Gunderman’s continued employment with Uniti Group through each scheduled vesting date.
Were these Uniti Group (UNIT) Form 4 transactions open-market buys or sells?
No, the reported transactions were related to equity compensation. One was a grant or award of shares at no cost, and the other was a tax-withholding disposition of shares upon vesting, rather than voluntary open-market buying or selling.