Black Travis 4
Research Summary
AI-generated summary
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.