Uniti Group (UNIT) executive uses 8,706 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Uniti Group Inc. senior executive Daniel L. Heard reported two tax-related share dispositions in connection with vesting of restricted stock. On February 20 and 21, he delivered a total of 8,706 common shares to cover tax obligations at a reported price of $8.58 per share. These were withheld shares rather than open‑market sales, and he continued to hold 400,518 common shares directly after the most recent transaction.
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 |
|---|---|---|---|---|
| Tax Withholding | COMMON STOCK | 3,751 | $8.58 | $32K |
| Tax Withholding | COMMON STOCK | 4,955 | $8.58 | $43K |
Holdings After Transaction:
COMMON STOCK — 400,518 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did Uniti Group (UNIT) report for Daniel L. Heard?
Uniti Group reported that executive Daniel L. Heard had common shares withheld to cover taxes from vested restricted stock. Two Form 4 transactions show a combined 8,706 shares delivered for tax obligations rather than open-market sales.
Were the Uniti Group (UNIT) Form 4 transactions open-market sales?
No, the Form 4 states the dispositions were for tax withholding, not open-market sales. Shares were withheld to satisfy tax obligations arising when Heard’s time-based restricted stock vested, a common administrative mechanism for equity compensation.
What role does Daniel L. Heard hold at Uniti Group (UNIT)?
Daniel L. Heard is identified as Senior Executive Vice President, General Counsel and Secretary of Uniti Group Inc. The Form 4 associates his role with the reported restricted stock vesting and related tax-withholding share dispositions.