Travis Black
About Travis Black
Travis T. Black is Senior Vice President & Chief Accounting Officer (Principal Accounting Officer) at Uniti, appointed as an executive officer at the merger closing; he has served as SVP CAO since January 2024, VP CAO from September 2021 to January 2024, and Director of Accounting & SEC Reporting from July 2015 to September 2021 . He is 44 years old, a Certified Public Accountant, with a BS in Accounting (University of Tennessee) and an MBA (University of Memphis) . As Principal Accounting Officer, he co‑signed the Q3 2025 Form 10‑Q; management (PEO/PFO) concluded disclosure controls were effective as of September 30, 2025 . Company performance context: Q3 2025 consolidated revenue was $722.6M and Adjusted EBITDA $327.8M; Kinetic and Fiber segments showed strong growth post‑merger . Pay‑versus‑performance disclosure shows 2024 TSR value of $100 (peer group $123), net income $93.4M, and Adjusted EBITDA $940.1M .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Uniti | SVP & Chief Accounting Officer (Principal Accounting Officer) | Jan 2024 – present | Principal Accounting Officer overseeing external reporting; signed Q3 2025 10‑Q . |
| Uniti | VP & Chief Accounting Officer | Sep 2021 – Jan 2024 | Led accounting function through capital markets and operational changes . |
| Uniti | Director, Accounting & SEC Reporting | Jul 2015 – Sep 2021 | Built SEC reporting processes; supported transition phases in finance . |
External Roles
No external directorships or outside roles disclosed for Travis Black; filings state no related‑party arrangements or family relationships in his appointment .
Equity Ownership & Alignment
- Stock ownership guidelines: CEO at 5x base salary; other officers at 3x base salary; executives must retain 100% of net shares until compliant; hedging and unapproved pledging are prohibited .
- Beneficial ownership: Travis Black is not listed among NEOs/directors in the 2025 proxy’s ownership table; individual share counts for him are not disclosed .
- Clawback policy: Nasdaq‑compliant clawback applies to incentive compensation tied to financial reporting measures; a 2024 restatement triggered review, with no recovery required for NEOs given unaffected measures .
Employment Terms
- Appointment: Named an officer of both Uniti and New Uniti at merger close; no special arrangements/understandings; no related‑party transactions; serves with CEO and CFO as corporate officers .
- Standard agreements on file: Company filed (and incorporated by reference into Q3 2025 10‑Q) a Form of Severance Agreement and the standard executive agreements for restricted shares and performance‑based RSUs under the 2015 Equity Incentive Plan; Black’s awards, if any, would be issued under these forms .
- Equity plan design (company‑wide context): Time‑based restricted stock vests in three equal annual installments beginning the year after grant; PBRSUs vest on a three‑year cycle based on relative TSR vs a peer group (threshold 33rd percentile → 50% payout; target 50th → 100%; max >75th → 200%) .
Performance Compensation
- Executive incentive framework (company‑wide): 2024 short‑term incentives for executive officers were based on consolidated AFFO (50% for most executives), Bookings, On‑Time Delivery, and Gross Margin; AFFO and On‑Time Delivery reached maximums; Gross Margin hit target; Bookings exceeded threshold .
- Post‑merger metrics: Company expects to emphasize EBITDA/Adjusted EBITDA rather than REIT metrics (FFO/AFFO) going forward .
Investment Implications
- Alignment: Prohibitions on hedging/pledging, robust ownership guidelines, and a Nasdaq‑compliant clawback enhance alignment and reduce governance red flags for accounting leadership .
- Retention and severance: A standard Form of Severance Agreement is on file; together with equity forms (RSAs/PBRSUs), it indicates structured retention economics and potential change‑of‑control treatment consistent with company practices, though individual terms for Black are not separately disclosed .
- Execution risk: Black’s role as Principal Accounting Officer, evidenced by co‑signing the Q3 2025 10‑Q, and management’s effective controls assessment mitigate reporting risk during a transformational merger period .
- Data gaps: No individual compensation, Form 4 activity, or personal ownership disclosures are provided in the 2025 proxy for Black; monitor future filings (proxy, Form 4s) for vesting schedules, transactions, and guideline compliance updates .
- Governance backdrop: Strong say‑on‑pay support (93% in 2024) and use of an independent compensation consultant (Pearl Meyer) suggest disciplined pay design supporting executive accountability, which benefits overall governance quality around finance and reporting functions .