Form 4: Frontier Communications CEO Nick Jeffery Reports Stock Transactions
SEC Form 4 Filing
Frontier Communications CEO Nick Jeffery reported the acquisition of 144,555 shares of common stock and the disposal of 32,865 shares to cover taxes upon vesting of restricted stock units.
Summary
- On March 13, 2024, Nick Jeffery, the President & CEO of Frontier Communications Parent, Inc., reported transactions involving the company's common stock.
- He acquired 144,555 shares of common stock at $0.
- He disposed of 32,865 shares at $24.31 to cover taxes upon the vesting of restricted stock units.
- Following these transactions, Jeffery directly owns 846,529 shares of Frontier Communications Parent, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of stock acquisition and disposal transactions. |
| 03/15/2024 | Date of signature on the Form 4 filing. |
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