Bullington Paul 4
Research Summary
AI-generated summary
Uniti (UNIT) CFO Paul Bullington Receives Award; Shares Withheld
What Happened Paul Bullington, Chief Financial Officer of Uniti Group Inc., received an award of 91,484 restricted shares (reported as an acquisition, code A) on March 1, 2026 at $0.00 per share. Separately, 4,329 shares were withheld on February 27, 2026 (reported as a disposition for tax withholding, code F) at $7.32 per share, producing proceeds of $31,688 to satisfy tax obligations arising from vesting.
Key Details
- Transaction dates and amounts:
- 2026-02-27 — 4,329 shares withheld (F) at $7.32 = $31,688 (tax withholding).
- 2026-03-01 — 91,484 shares granted (A) at $0.00 = $0 (time‑based restricted stock award).
- Filing: Form 4 filed March 3, 2026 (covers transactions through Feb 27 / Mar 1); filing appears timely.
- Shares owned after the reported transactions: not specified in the provided details.
- Footnotes:
- F1: Withheld shares were used to satisfy the reporting person's tax obligations arising when time‑based restricted stock vested.
- F2: The 91,484 awarded shares vest in three equal installments on March 1 of each year, beginning March 1, 2027, subject to continued employment.
- Transaction codes: A = award/grant, F = tax withholding (disposition).
Context This filing reflects compensation-related activity (a grant of restricted stock) rather than an open‑market purchase or an opportunistic sale. The withholding of shares to cover taxes is a routine administrative step when restricted stock vests and does not by itself indicate the insider buying or liquidating shares for investment reasons.