Uniti CEO receives stock grant, withholds shares
Uniti Group Inc. President and CEO Kenny Gunderman reported two equity-related transactions in company common stock.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 191,382 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | COMMON STOCK | 19,212 | $7.32 | $141K |
Footnotes (2)
- 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.
- F2. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Uniti Group Inc. (UNIT) CEO Kenny Gunderman report in this Form 4?
What is the vesting schedule for the new Uniti Group (UNIT) stock grant?
Were these Uniti Group (UNIT) Form 4 transactions open-market buys or sells?
AI-generated analysis. How Rhea-AI works. Not financial advice.