Black Travis 4
4 · Uniti Group Inc. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Uniti Group (UNIT) SVP & CAO Travis Black Sells Shares for Taxes
What Happened
Travis Black, Senior Vice President & Chief Accounting Officer of Uniti Group (UNIT), had 10,710 shares withheld on Feb 1, 2026 to satisfy tax obligations tied to vested time-based restricted stock. The withholding occurred in two dispositions: 6,820 shares at $8.32 each ($56,742) and 3,890 shares at $8.32 each ($32,365), for a combined value of $89,107. This is a routine tax-withholding disposition (code F), not an open-market sale indicating a change in sentiment.
Key Details
- Transaction date: 2026-02-01; Filing date: 2026-02-03 (Form 4 accession 0001860803-26-000001).
- Prices and amounts: 6,820 shares @ $8.32 = $56,742; 3,890 shares @ $8.32 = $32,365; total withheld = 10,710 shares (~$89,107).
- Shares owned after transaction: Not specified in the provided summary—see the Form 4 for post-transaction holdings.
- Footnote: These shares were withheld to satisfy tax obligations arising when time-based RSUs granted in 2024 vested. A clerical error in earlier Form 4s (filed May 20, 2024 and June 11, 2024) misstated the vesting schedules; the awards were scheduled to vest in full within six months of the May 3, 2024 merger closing.
- Transaction code: F (tax withholding). Filing appears timely (no late-file indicator).
Context
Tax-withholding dispositions are common when restricted stock vests and do not necessarily reflect the insider buying or actively selling shares in the market. This filing documents a routine withholding to cover taxes on vested RSUs rather than a discretionary sale or purchase.
Insider Transaction Report
- Tax Payment
COMMON STOCK
[F1]2026-02-01$8.32/sh−6,820$56,742→ 71,491 total - Tax Payment
COMMON STOCK
[F1]2026-02-01$8.32/sh−3,890$32,365→ 67,601 total
Footnotes (1)
- [F1]These shares were withheld to satisfy the reporting person's tax obligations that arose when time-based restricted stock granted to the reporting person in 2024 vested. Due to clerical error, the reporting person's reports on Form 4 filed on May 20, 2024 and June 11, 2024 inadvertently misstated the vesting schedules for these time-based restricted stock grants. The awards were scheduled to vest in full within six months of the closing of the transactions contemplated by the Agreement and Plan of Merger dated as of May 3, 2024, among the Issuer and Windstream Holdings II, LLC.