Form 4: Frontier CFO Disposes Shares Post-Verizon Merger

Frontier Communications CFO Scott C. Beasley disposed of all his common stock, restricted stock units, and performance stock units following the company's merger with Verizon Communications Inc. at $38.50 per share.

Summary

• Scott C. Beasley, Chief Financial Officer of Frontier Communications Parent, Inc. (FYBR), reported changes in beneficial ownership.
• The changes occurred on January 20, 2026, which was the effective time of the merger between Frontier Communications Parent, Inc. and Verizon Communications Inc.
• As a result of the merger, Frontier Communications Parent, Inc. became a wholly-owned subsidiary of Verizon Communications Inc.
• Each outstanding share of Frontier common stock was converted into the right to receive $38.50 in cash.
• Mr. Beasley disposed of 251,225 shares of common stock.
• His 69,249 time-based restricted stock units (RSUs) vested and were canceled, entitling him to cash at $38.50 per share.
• His 215,939 performance-based restricted stock units (PSUs) vested and were canceled, entitling him to cash at $38.50 per share, based on attainment of all applicable performance goals at the actual level of performance measured at the Effective Time.
• Following these transactions, Mr. Beasley's beneficial ownership of Frontier securities is 0.

Sentiment

Score: 7

Explanation: The filing reports the successful completion of a merger, which is generally a positive event for shareholders receiving a cash payout. The insider's equity compensation also vested and converted to cash. However, it also signifies the end of Frontier as an independent public entity.

Positives

• The merger with Verizon Communications Inc. was successfully consummated.
• Shareholders, including the reporting person, received a cash consideration of $38.50 per share for their common stock.
• Restricted stock units and performance stock units vested and were converted to cash at the merger price, indicating a successful payout for equity compensation.

Negatives

• Frontier Communications Parent, Inc. ceased to be an independent publicly traded entity, becoming a wholly-owned subsidiary of Verizon.
• The reporting person no longer holds any beneficial ownership in the former public entity.

Future Outlook

No forward-looking statements or guidance are provided in this filing, as it reports a completed transaction.

Industry Context

This merger signifies consolidation in the telecommunications industry, with a major player like Verizon acquiring Frontier. It could impact competition and service offerings in areas where Frontier previously operated independently.

Comparison to Industry Standards

• This is a standard cash-for-stock merger transaction. The $38.50 per share price would have been negotiated and likely compared to market valuations and precedent transactions in the telecom sector. Without specific details on the valuation multiples or other comparable deals, a detailed comparison is not possible from this filing alone.

Stakeholder Impact

• Shareholders: Received $38.50 per share in cash, ceasing to be shareholders of Frontier.
• Employees: Frontier employees are now part of Verizon, with potential impacts on roles, benefits, and corporate culture.
• Customers: Frontier's services and branding may eventually transition under Verizon, potentially affecting service offerings and customer support.

Key Dates

Keywords

Frontier Communications, Verizon Communications, Merger, Acquisition, Form 4, Insider Trading, Stock Disposition, Restricted Stock Units, Performance Stock Units, FYBR, Scott C. Beasley, CFO