FRILOUX MICHAEL 4
4 · Uniti Group Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Uniti (UNIT) SEVP Michael Friloux Receives Award; Withholds Shares
What Happened
Michael Friloux, Senior EVP & Chief Technology Officer of Uniti Group Inc. (UNIT), was granted 37,478 shares on 2026-03-01 (award, $0.00 per share) that are time‑based and subject to vesting. On 2026-02-27, 3,798 shares were disposed/withheld at $7.32 each to satisfy tax obligations, generating a cash value of $27,801. The withholding was a routine tax-related disposition, not an open‑market sale.
Key Details
- Transaction dates: 2026-02-27 (tax withholding / disposition) and 2026-03-01 (grant/acquisition).
- Prices/values: 3,798 shares withheld @ $7.32 = $27,801; 37,478 shares granted @ $0.00 (award) = $0.
- Vesting: The 37,478 awarded shares vest in three equal annual installments on March 1 each year, beginning March 1, 2027, subject to continued employment (see footnote).
- Footnotes: F1 confirms shares were withheld to satisfy tax obligations when time‑based restricted stock vested; F2 describes the three‑year annual vesting schedule.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing/timeliness: Report filed 2026-03-03 (covers transactions through 2026-02-27 and 2026-03-01); filing appears timely (within the standard two business days).
Context
This was primarily an equity award (time‑based restricted stock) rather than a market purchase or sale. The disposition of 3,798 shares was a tax withholding associated with vesting and is generally routine; it should not be read as a directional trade signal by itself. The awarded shares remain subject to future vesting conditions.
Insider Transaction Report
- Tax Payment
COMMON STOCK
[F1]2026-02-27$7.32/sh−3,798$27,801→ 334,514 total - Award
COMMON STOCK
[F2]2026-03-01+37,478→ 371,992 total
Footnotes (2)
- [F1]These shares were withheld to satisfy the reporting person's tax obligations that arose when time-based restricted stock belonging to the reporting person vested.
- [F2]Subject to the reporting person's continued employment, these shares vest in three equal installments on March 1 of each year, with the first vesting date being March 1, 2027.