Uniti Group (UNIT) exec reports PBRSU vesting and tax share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Uniti Group Inc. executive Daniel L. Heard reported equity compensation-related transactions in company stock. On the vesting of performance-based restricted stock units granted in 2023, he acquired 14,729 shares of common stock at no cost. To cover tax obligations from this vesting, 6,827 shares were automatically withheld and disposed of at a price of $8.06 per share. Following these award and tax-withholding transactions, he directly owned 456,138 shares of Uniti Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
HEARD DANIEL L
Role
SEVP, Gen. Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 14,729 | $0.00 | -- |
| Tax Withholding | COMMON STOCK | 6,827 | $8.06 | $55K |
Holdings After Transaction:
COMMON STOCK — 462,965 shares (Direct)
Footnotes (1)
- 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. 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
What insider transactions did Uniti Group (UNIT) report for Daniel L. Heard?
Daniel L. Heard reported equity compensation activity involving Uniti Group common stock. He received 14,729 shares upon vesting of 2023 performance-based RSUs, and 6,827 shares were withheld and disposed of to satisfy related tax obligations, leaving him with 456,138 directly owned shares.
Was the Uniti Group (UNIT) Form 4 a stock purchase or sale by the executive?
The Form 4 reflects compensation-related transactions, not open-market trading. Heard acquired 14,729 shares through vesting of performance-based restricted stock units, while 6,827 shares were disposed of solely to cover tax liabilities arising from that vesting, according to the filing’s footnotes.