Stock awards for Uniti (NYSE: UNIT) director with multi-year vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Appleby Jarrett reported acquisition or exercise transactions in this Form 4 filing.
Uniti Group Inc. director Jarrett Appleby reported receiving two stock awards of common stock as compensation. He was granted 8,803 shares and 13,204 shares at no cash cost to him.
The 8,803-share grant will vest in full on May 21, 2027, if he continues serving on the board. The 13,204-share grant will vest in four equal installments each May 21, starting on May 21, 2027, also contingent on continued board service. Following one of the awards, his directly held common stock is reported at 22,007 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Appleby Jarrett
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 13,204 | $0.00 | -- |
| Grant/Award | COMMON STOCK | 8,803 | $0.00 | -- |
Holdings After Transaction:
COMMON STOCK — 13,204 shares (Direct, null)
Footnotes (1)
- Subject to the reporting person's continued service on the issuer's board of directors, these shares will vest in full on May 21, 2027. Subject to the reporting person's continued service on the issuer's board of directors, these shares vest in four equal installments on May 21 of each year, with the first vesting date being May 21, 2027.
Key Figures
Stock award 1: 8,803 shares
Stock award 2: 13,204 shares
Post-award holdings: 22,007 shares
+1 more
4 metrics
Stock award 1
8,803 shares
Common stock grant on May 21, 2026; vests fully May 21, 2027
Stock award 2
13,204 shares
Common stock grant on May 21, 2026; vests in four annual installments
Post-award holdings
22,007 shares
Directly held Uniti common stock after one reported grant
Award price
$0.0000 per share
Indicates equity was granted as compensation, not purchased
Key Terms
Grant, award, or other acquisition, vest in full, four equal installments, continued service on the issuer's board of directors
4 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
vest in full financial
"these shares will vest in full on May 21, 2027"
four equal installments financial
"these shares vest in four equal installments on May 21 of each year"
continued service on the issuer's board of directors financial
"Subject to the reporting person's continued service on the issuer's board of directors"
FAQ
What insider transaction did Uniti (UNIT) director Jarrett Appleby report?
Jarrett Appleby reported receiving two stock awards of Uniti common stock. He was granted 8,803 shares and 13,204 shares as compensation, both recorded with a zero dollar price per share, meaning they were awarded rather than bought in the market.
When do Jarrett Appleby’s new Uniti (UNIT) stock awards vest?
The 8,803-share award vests fully on May 21, 2027, if he remains on the board. The 13,204-share award vests in four equal installments each May 21, starting in 2027, also requiring continued service on Uniti’s board of directors.
What conditions apply to Jarrett Appleby’s Uniti (UNIT) stock vesting?
Both awards are subject to his continued service on Uniti’s board of directors. One grant vests entirely on May 21, 2027, while the other vests in four equal annual installments beginning May 21, 2027, aligning his compensation with ongoing board tenure.