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Uniti Group Executive Compensation (FY25)

UNIT · Little Rock, AR · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Kenneth Gunderman
Latest say-on-pay support
=
May 21, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): May 22, 2026
15 filings cited on this page
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292 figures on this page: 281 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Kenneth Gunderman: $11,274,640 → $9,194,673 (18.4% lower)
Say-on-pay support: 95.0% → 98.4% (3.4 points higher)
CEO pay ratio: 113:1 → 98.3:1 (13.0% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Uniti Group's chief executive and what were they paid?
Kenneth Gunderman, President and Chief Executive Officer, received $9,194,673 in total compensation for fiscal 2025. Gunderman's total moved 18.4% lower from the $11,274,640 reported for fiscal 2024.
What was Uniti Group's say-on-pay result?
The say-on-pay proposal drew 98.4% of votes cast for or against in favor at the meeting held May 21, 2026 for fiscal 2025.
Which companies are in Uniti Group's peer group?
The disclosed peer group names Acadia Realty Trust, American Tower Corporation, Consolidated Communications Holdings, Inc., COPT Defense Properties and Crown Castle Inc., among others. Companies named in the Peer Group for Evaluating the Merger PBRSUs include Cogent Communications Holdings, Inc., EchoStar Corporation, Frontier Communications Parent, Inc., Iridium Communications Inc. and Qorvo, Inc., among others.
What is Uniti Group's chief executive pay ratio?
The company reported a chief executive pay ratio of 98.3:1 for fiscal 2025, against median employee compensation of $93,719.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kenneth Gunderman
President and Chief Executive Officer
◇—◇—◇—◇◇
Paul Bullington
Senior Vice President -- Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Daniel Heard
Executive Vice President -- General Counsel and Secretary
◇—◇—◇—◇◇
Michael Friloux
Executive Vice President -- Chief Technology Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kenneth A. Gunderman
President and Chief Executive Officer
◇—◇—◇—◇◇
Paul Bullington
Senior Executive Vice President, Chief Financial Officer & Treasurer
◇—◇—◇—◇◇
Daniel L. Heard
Executive Vice President General Counsel and Secretary
◇—◇—◇—◇◇
Michael Friloux
Senior Executive Vice President & Chief Technology Officer
◇—◇—◇—◇◇
Ronald J. Mudry
Senior Vice President & Chief Revenue Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kenneth Gunderman
President and Chief Executive Officer
◇—◇—◇—◇◇
Paul Bullington
Senior Executive Vice President, Chief Financial Officer & Treasurer
◇—◇—◇—◇◇
Daniel Heard
Senior Executive Vice President, General Counsel & Secretary
◇—◇—◇—◇◇
Michael Friloux
Senior Executive Vice President & Chief Technology Officer
◇—◇—◇—◇◇
Ronald Mudry
Senior Vice President -- Chief Revenue Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Harrobin
Senior Executive Vice President & President of Kinetic
◇◇◇—◇—◇◇
Kenneth Gunderman
President and Chief Executive Officer
◇—◇—◇—◇◇
Paul Bullington
Senior Executive Vice President, Chief Financial Officer & Treasurer
◇—◇—◇—◇◇
Daniel Heard
Senior Executive Vice President, General Counsel & Secretary
◇—◇—◇—◇◇
Michael Friloux
Senior Executive Vice President & Chief Technology Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Daniel L. HeardPSU◇◇◇—◇—◇
Daniel L. HeardRSU◇——◇——◇
Daniel L. HeardPSU◇◇◇—◇—◇
John HarrobinRSU◇——◇——◇
John HarrobinPSU◇◇◇—◇—◇
Kenneth A. GundermanRSU◇——◇——◇
Kenneth A. GundermanPSU◇◇◇—◇—◇
Kenneth A. GundermanPSU◇◇◇—◇—◇
Michael FrilouxRSU◇——◇——◇
Michael FrilouxPSU◇◇◇—◇—◇
Michael FrilouxPSU◇◇◇—◇—◇
Paul BullingtonPSU◇◇◇—◇—◇
Paul BullingtonRSU◇——◇——◇
Paul BullingtonPSU◇◇◇—◇—◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Michael FrilouxPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
John HarrobinRSU◇◇——
PSU◇◇——
Kenneth GundermanPSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Paul BullingtonPSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Daniel HeardPSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Daniel Heard
General Counsel · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Kenneth Gunderman
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Michael Friloux
Senior Executive Vice President & Chief Technology Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Paul Bullington
Senior Executive Vice President, Chief Financial Officer & Treasurer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Francis X. ("Skip") Frantz
Board chair
◇◇————◇
Mary McLaughlin
◇◇————◇
Harold Zeitz
◇◇————◇
Randy Dunbar
◇◇————◇
Joseph Natale
◇◇————◇
Paul Sunu
◇◇————◇
Carmen Perez-Carlton
◇◇————◇
Scott G. Bruce
◇◇————◇
Jennifer S. Banner
◇—————◇
Jarrett Appleby, Johannes Weber and Kenneth A. Gunderman served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Acadia Realty Trust AKR
  • American Tower Corporation AMT
  • Consolidated Communications Holdings, Inc. CNSL
  • COPT Defense Properties CDP
  • Crown Castle Inc. CCI
  • Digital Realty Trust, Inc. DLR
  • EPR Properties EPR
  • Healthcare Realty Trust Incorporated HR
  • Hudson Pacific Properties, Inc. HPP
  • Lumen Technologies, Inc. LUMN
  • NNN REIT, Inc. NNN
  • Omega Healthcare Investors, Inc. OHI
  • Piedmont Office Realty Trust, Inc. PDM
  • SBA Communications Corporation SBAC
  • Spirit Realty Capital, Inc. SRC
  • UMH Properties, Inc. UMH
Peer Group for Evaluating the Merger PBRSUs
  • Cogent Communications Holdings, Inc. CCOI
  • EchoStar Corporation SATS
  • Frontier Communications Parent, Inc. FYBR
  • Iridium Communications Inc. IRDM
  • Qorvo, Inc. QRVO
  • Sirius XM Holdings Inc. SIRI
  • Viasat, Inc. VSAT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 21, 2026=◇◇◇
2024May 29, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022May 25, 2023=◇◇◇
2021May 26, 2022=◇◇◇
2020May 13, 2021=◇◇◇
2019May 14, 2020=◇◇◇
2018May 16, 2019=◇◇◇
2017May 17, 2018=◇◇◇
2016May 15, 2017=◇◇◇
2015May 19, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Kenneth Gunderman (President and Chief Executive Officer), FY2025 total compensation $9,194,673 (base salary $725,000) [exec_comp, SEC accession 0001104659-26-045735, filed 2026-04-21]

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What this page does not include

Everything above is a fact Uniti Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
292 figures on this page: 281 cited to the filing that reported them, 11 calculated from figures it prints.
281 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001104659-26-065706
  2. 0001104659-26-045735
    Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · Pay Ratio Disclosure · and 1 more section
  3. 0001104659-25-054473
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001104659-25-040657
    Compensation Discussion and Analysis · Summary Compensation Table
  5. 0001104659-24-064683
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001104659-24-046100
    Summary Compensation Table
  7. 0001104659-23-065462
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001104659-23-044835
    Summary Compensation Table
  9. 0001564590-22-021632
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001564590-21-028007
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001564590-20-025847
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001564590-19-019847
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001564590-18-013946
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001564590-17-010998
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001564590-16-019863
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
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Velarion, “Uniti Group executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/UNIT (accessed 2026).
Short form: data: Velarion

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15 filings cited on this page
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Peers Uniti Group discloses

The companies named in UNIT's own disclosed peer group.

Acadia Realty TrustAmerican Tower CorporationCOPT Defense PropertiesCrown Castle Inc.Digital Realty Trust, Inc.EPR PropertiesHealthcare Realty Trust IncorporatedHudson Pacific Properties, Inc.Lumen Technologies, Inc.NNN REIT, Inc.Omega Healthcare Investors, Inc.Piedmont Office Realty Trust, Inc.SBA Communications CorporationSpirit Realty Capital, Inc.UMH Properties, Inc.Cogent Communications Holdings, Inc.Iridium Communications Inc.Qorvo, Inc.Sirius XM Holdings Inc.Viasat, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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