Uniti SEVP receives shares from PBRSU vesting
Uniti Group Inc. executive Michael Friloux, SEVP & Chief Technology Officer, reported stock changes tied to vesting of performance-based restricted stock units granted in 2023.
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Rhea-AI Filing Summary
Uniti Group Inc. executive Michael Friloux, SEVP & Chief Technology Officer, reported stock changes tied to vesting of performance-based restricted stock units granted in 2023. He acquired 11,968 shares of common stock at no cost upon vesting of these PBRSUs.
To cover related tax obligations, 5,697 shares were withheld at $8.06 per share as a tax-withholding disposition, rather than an open-market sale. After these transactions, Friloux directly owns 378,263 shares of Uniti common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 11,968 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | COMMON STOCK | 5,697 | $8.06 | $46K |
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
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What insider stock transactions did Uniti (UNIT) report for Michael Friloux?
Was the Uniti (UNIT) Form 4 transaction an open-market stock sale?
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