HEARD DANIEL L 4
4 · Uniti Group Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Uniti Group (UNIT) General Counsel Daniel Heard Receives 14,729-Share Award
What Happened
Daniel L. Heard, Senior EVP, General Counsel & Secretary of Uniti Group (UNIT), received 14,729 shares on 2026-03-05 upon vesting of performance-based restricted stock units (PBRSUs). Concurrently, 6,827 of those shares were withheld (disposed) to satisfy tax withholding obligations at $8.06 per share, generating proceeds of $55,026. The award shares were recorded at $0.00 acquisition price as they resulted from vesting, not a cash purchase.
Key Details
- Transaction date: 2026-03-05 (filed 2026-03-09; filing is timely).
- Award (code A): 14,729 shares acquired at $0.00 (vested PBRSUs granted in 2023).
- Tax withholding (code F): 6,827 shares withheld/disposed at $8.06 = $55,026 to cover tax liability.
- Shares owned after the transaction: not disclosed in the provided filing excerpt.
- Footnotes: F1 confirms shares came from 2023 PBRSU grant; F2 confirms withheld shares satisfied tax obligations.
Context: This was a vesting of performance-based equity, not an open-market purchase or a voluntary sale for investment reasons. The withholding of shares to cover taxes is a common, routine administrative step (cashless withholding) and does not by itself signal a change in insider sentiment.
Insider Transaction Report
- Award
COMMON STOCK
[F1]2026-03-05+14,729→ 462,965 total - Tax Payment
COMMON STOCK
[F2]2026-03-05$8.06/sh−6,827$55,026→ 456,138 total
Footnotes (2)
- [F1]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.
- [F2]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.