Uniti Group (UNIT) CEO has shares withheld to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Uniti Group Inc. President and CEO Kenny Gunderman reported two tax-related share dispositions of common stock. On February 20, 2026, 18,039 shares were withheld at $8.58 per share, and on February 21, 2026, 16,439 shares were withheld at the same price.
Both transactions are coded "F" for payment of tax liability by delivering securities. A footnote explains the shares were withheld to satisfy Gunderman’s tax obligations arising from the vesting of his time-based restricted stock, rather than representing open-market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Gunderman Kenny
Role
Pres. & Chief Exec. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | COMMON STOCK | 16,439 | $8.58 | $141K |
| Tax Withholding | COMMON STOCK | 18,039 | $8.58 | $155K |
Holdings After Transaction:
COMMON STOCK — 1,833,809 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did Uniti Group (UNIT) report for Kenny Gunderman?
Uniti Group reported two tax-related share dispositions by CEO Kenny Gunderman. On February 20, 2026, 18,039 common shares were withheld, and on February 21, 2026, 16,439 shares were withheld, both tied to vesting of time-based restricted stock.
What does the transaction code F mean in the Uniti Group (UNIT) Form 4?
Code F indicates shares were used to pay tax liabilities or exercise costs. In this case, common shares were withheld at $8.58 per share to satisfy Kenny Gunderman’s tax obligations triggered when his time-based restricted stock vested.
Were Kenny Gunderman’s Uniti Group (UNIT) transactions open-market sales?
No, the Form 4 shows tax-withholding dispositions, not open-market sales. A footnote states the shares were withheld solely to satisfy Kenny Gunderman’s tax obligations arising from the vesting of his time-based restricted stock awards.