Uniti Group (NYSE: UNIT) CTO nets shares after PBRSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
FRILOUX MICHAEL
Role
SEVP & Chief Tech. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 11,968 | $0.00 | -- |
| Tax Withholding | COMMON STOCK | 5,697 | $8.06 | $46K |
Holdings After Transaction:
COMMON STOCK — 383,960 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 stock transactions did Uniti (UNIT) report for Michael Friloux?
Uniti reported that executive Michael Friloux acquired 11,968 shares of common stock from vesting 2023 PBRSUs, and 5,697 shares were withheld to satisfy tax obligations. After these non-market transactions, he directly owns 378,263 Uniti common shares.
Was the Uniti (UNIT) Form 4 transaction an open-market stock sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld at $8.06 each to cover taxes triggered by vesting PBRSUs, while the rest of the granted shares increased the executive’s direct ownership.