Uniti Group (NASDAQ: UNIT) exec has 17,224 shares withheld for taxes
Rhea-AI Filing Summary
Uniti Group Inc. executive Daniel L. Heard, SEVP, General Counsel & Secretary, reported a tax-withholding disposition of 17,224 shares of common stock on August 1, 2026, at $9.72 per share. The shares were withheld to cover taxes on vested time-based restricted stock, and he now directly holds 438,914 shares.
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Insider Trade Summary
Net Seller: 17,224 shares
Net Sell
1 txn
Insider
HEARD DANIEL L
Role
SEVP, Gen. Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | COMMON STOCK F1 | 17,224 | $9.72 | $167K |
Holdings After Transaction:
COMMON STOCK — 438,914 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: 17,224 shares
Withholding price per share: $9.72
Shares held after transaction: 438,914 shares
+1 more
4 metrics
Shares withheld for taxes
17,224 shares
Common stock withheld on August 1, 2026 to satisfy tax obligations
Withholding price per share
$9.72
Per-share value used for the tax-withholding disposition
Shares held after transaction
438,914 shares
Direct Uniti Group common stock ownership by Daniel L. Heard after withholding
Tax-withholding transactions reported
1
Number of code F transactions disclosed in this Form 4
Key Terms
tax-withholding disposition, time-based restricted stock, Payment of tax liability by delivering or withholding securities
3 terms
tax-withholding disposition financial
"reported a tax-withholding disposition of 17,224 shares 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.
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.
Payment of tax liability by delivering or withholding securities financial
"transaction code description: Payment of tax liability by delivering or withholding"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Uniti Group (UNIT) report for Daniel L. Heard?
Uniti Group reported that Daniel L. Heard had 17,224 shares of common stock withheld on August 1, 2026 at $9.72 per share. This was a tax-withholding disposition tied to the vesting of his time-based restricted stock awards.
Was the Uniti Group (UNIT) transaction an open-market sale by Daniel L. Heard?
No, it was not an open-market sale. The 17,224 shares were withheld by the company to satisfy Heard’s tax obligations when his time-based restricted stock vested, rather than sold by him on the open market.