Uniti Group (NYSE: UNIT) CEO gets PBRSU shares, withholds for taxes
Filing Impact
Filing Sentiment
Form Type
4
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 | -- |
| Tax Withholding | COMMON STOCK | 30,934 | $8.06 | $249K |
Holdings After Transaction:
COMMON STOCK — 2,072,719 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 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.