Uniti (UNIT) Exec Daniel L. Heard Receives Award; Tax Withholding

What Happened

• Daniel L. Heard, Senior EVP, General Counsel & Secretary of Uniti Group (UNIT), was granted 54,037 restricted shares (award code A) on 2026-03-01 (reported 2026-03-03). Separately, 6,319 shares were withheld on 2026-02-27 to satisfy tax obligations tied to vested time‑based restricted stock (withholding code F), representing $46,255 in value.

Key Details

• Grant: 54,037 shares @ $0.00 (award), reported 2026-03-01.
• Tax withholding: 6,319 shares withheld @ $7.32 = $46,255, reported 2026-02-27.
• Vesting/conditions: The new award vests in three equal annual installments on March 1 each year, starting March 1, 2027, subject to continued employment (footnote).
• Filing: Form 4 filed 2026-03-03; no late filing is indicated in this report.
• Shares owned after the transactions are not specified in this filing.

Context

• The 54,037-share grant is a time‑based restricted stock award (not an open‑market purchase) and will vest over future years if Heard remains employed. The 6,319‑share disposition was a tax withholding (routine), not a market sale, used to satisfy withholding obligations when prior restricted stock vested. These kinds of awards are standard compensation and do not by themselves indicate immediate buying or selling intent.