Uniti Group (NASDAQ: UNIT) CTO has 21,516 shares withheld to cover taxes
Rhea-AI Filing Summary
Uniti Group Inc. executive Michael Friloux, SEVP & Chief Tech. Officer, reported a tax-withholding disposition of 21,516 shares of common stock on August 1, 2026, at $9.72 per share. The shares were withheld to satisfy tax obligations triggered by vesting of time-based restricted stock, and he now directly holds 356,747 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 21,516 shares
Net Sell
1 txn
Insider
FRILOUX MICHAEL
Role
SEVP & Chief Tech. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | COMMON STOCK F1 | 21,516 | $9.72 | $209K |
Holdings After Transaction:
COMMON STOCK — 356,747 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: 21,516 shares
Per-share value for withholding: $9.72 per share
Shares held after transaction: 356,747 shares
3 metrics
Shares withheld for taxes
21,516 shares
Common stock withheld on August 1, 2026 to satisfy tax obligations
Per-share value for withholding
$9.72 per share
Value applied to the 21,516 withheld Uniti Group common shares
Shares held after transaction
356,747 shares
Direct Uniti Group common stock holdings reported after tax withholding
Key Terms
time-based restricted stock, tax obligations, tax-withholding disposition
3 terms
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.
tax obligations financial
"withheld to satisfy the reporting person's tax obligations"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Uniti Group (UNIT) report for Michael Friloux?
Uniti Group reported that SEVP & Chief Tech. Officer Michael Friloux had 21,516 common shares withheld on August 1, 2026, at $9.72 per share. The shares were delivered to satisfy tax obligations arising from the vesting of time-based restricted stock.
Was the Uniti Group (UNIT) insider activity an open-market sale?
No. The 21,516 shares reported for Michael Friloux were withheld to cover taxes tied to restricted stock vesting, not an open-market sale. The transaction is coded as a tax-withholding disposition rather than a discretionary trade.
What caused the Uniti Group (UNIT) tax-withholding transaction for Michael Friloux?
The tax-withholding occurred because time-based restricted stock belonging to Michael Friloux vested. To satisfy the resulting tax obligations, 21,516 shares of Uniti Group common stock were withheld instead of being received as freely tradable shares.