Uniti CEO receives stock award, withholds shares
Uniti Group Inc. reported insider equity compensation activity for Pres. & Chief Exec.
Rhea-AI Filing Summary
Uniti Group Inc. reported insider equity compensation activity for Pres. & Chief Exec. Officer Kenny Gunderman. On the PBRSUs’ vesting date, he acquired 66,740 shares of common stock at no cost in connection with performance-based restricted stock units granted in 2023. To cover related tax obligations, 30,934 shares were withheld at a price of $8.06 per share. Following these grant and tax-withholding transactions, he directly owned 2,041,785 Uniti common shares.
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 |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 66,740 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | COMMON STOCK | 30,934 | $8.06 | $249K |
Holdings After Transaction:
COMMON STOCK — 2,041,785 shares (Direct)
Footnotes (2)
- F1. These shares were acquired by the reporting person in connection with the vesting of performance-based restricted stock units (PBRSUs) granted to the reporting person in 2023.
- F2. These shares were withheld to satisfy the reporting person's tax obligations that arose in connection with the vesting of the PBRSUs discussed in footnote (1) above.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Uniti Group Inc. (UNIT) report for Kenny Gunderman?
Uniti Group reported that Kenny Gunderman received a grant of 66,740 common shares upon vesting of performance-based restricted stock units and had 30,934 shares withheld at $8.06 each to satisfy tax obligations tied to that vesting.
What do the PBRSUs mentioned in Uniti Group (UNIT) insider filing represent?
The PBRSUs are performance-based restricted stock units granted to Kenny Gunderman in 2023. When vesting conditions were met, they settled into 66,740 Uniti common shares, which were reported as acquired in the Form 4 insider transaction disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.