Uniti Group Inc. (NASDAQ: UNIT) CEO reports tax share withholding
Rhea-AI Filing Summary
Uniti Group Inc. reported that President and Chief Executive Officer Kenny Gunderman had 62,240 shares of common stock withheld on August 1, 2026 at $9.72 per share to satisfy tax obligations arising from the vesting of time-based restricted stock. After this tax-withholding disposition, he directly holds 1,979,545 Uniti Group common shares.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 62,240 shares
Net Sell
1 txn
Insider
Gunderman Kenny
Role
Pres. & Chief Exec. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | COMMON STOCK F1 | 62,240 | $9.72 | $605K |
Holdings After Transaction:
COMMON STOCK — 1,979,545 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: 62,240 shares
Tax withholding price: $9.72 per share
Shares held after transaction: 1,979,545 shares
+1 more
4 metrics
Shares withheld for taxes
62,240 shares
Common stock withheld on 2026-08-01 to satisfy CEO tax obligations
Tax withholding price
$9.72 per share
Value used for common shares withheld to cover tax liability
Shares held after transaction
1,979,545 shares
Direct Uniti Group common stock holdings after tax-withholding disposition
Tax-withholding transactions reported
1
Number of code F tax-withholding disposition entries on 2026-08-01
Key Terms
time-based restricted stock, tax obligations, tax-withholding disposition
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"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition of common stock"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction recently involved Uniti Group (UNIT) CEO Kenny Gunderman?
Kenny Gunderman had 62,240 Uniti Group shares withheld to cover taxes. The withholding occurred at $9.72 per share when his time-based restricted stock vested, and it was reported as a tax-withholding disposition rather than an open market sale.
Was the Uniti Group (UNIT) CEO’s transaction a sale on the open market?
No, the transaction was reported as a tax-withholding disposition, not an open market sale. 62,240 shares were withheld by the company at $9.72 per share to satisfy Kenny Gunderman’s tax obligations from vesting time-based restricted stock.