Form 4: Frontier Communications CEO Acquires and Disposes of Shares Following PSU Vesting
SEC Form 4 Filing
Frontier Communications CEO Nick Jeffery reports acquisition of shares through performance-based stock units and subsequent disposal to cover taxes.
Summary
- On February 28, 2025, Nick Jeffery, the President & CEO of Frontier Communications Parent, Inc., acquired 56,232 shares of common stock due to the vesting of performance-based stock units (PSUs) for the 2022-2024 performance period.
- Concurrently, Jeffery disposed of 22,145 shares at a price of $35.92 to cover taxes associated with the vesting of these PSUs.
- Following these transactions, Jeffery directly owns 1,222,971 shares of Frontier Communications Parent, Inc.
Sentiment
Score: 5
Explanation: The document reflects standard executive compensation activity, with no particularly positive or negative implications.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock acquisition and disposal. |
| 03/03/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.