Uniti Group (UNIT) awards 170,031-share stock grant to SEVP Harrobin
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Uniti Group Inc. reported that executive John Harrobin, SEVP & President of Kinetic, acquired 170,031 shares of common stock through a stock grant at a stated price of $0.00 per share. After this award, he directly holds 540,581 shares of Uniti common stock.
The grant is subject to continued employment and vests in three equal installments on March 1 of each year, beginning on March 1, 2027. This means Harrobin will gain full access to the granted shares over three years as long as he remains employed.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harrobin John
Role
SEVP & President of Kinetic
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 170,031 | $0.00 | -- |
Holdings After Transaction:
COMMON STOCK — 540,581 shares (Direct)
Footnotes (1)
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FAQ
What did Uniti Group (UNIT) executive John Harrobin report in this Form 4?
John Harrobin reported receiving a grant of 170,031 Uniti Group common shares at a stated price of $0.00 per share. Following this award, he directly holds a total of 540,581 Uniti common shares, reflecting his updated equity position.
What is the vesting schedule for John Harrobin’s new Uniti Group (UNIT) stock grant?
The 170,031-share grant vests in three equal installments on March 1 of each year, starting March 1, 2027. Vesting is conditioned on Harrobin’s continued employment, so he receives each tranche only if he remains with the company.
Is John Harrobin’s Uniti Group (UNIT) stock grant an open-market purchase or an award?
The transaction is a grant or award acquisition, not an open-market purchase. It is coded as a grant at a stated price of $0.00 per share and vests in three equal installments beginning March 1, 2027, subject to continued employment.