Form 4: Frontier Communications CEO Nick Jeffery Reports Stock Transactions
SEC Form 4 Filing
Frontier Communications CEO Nick Jeffery reports acquisition and disposal of company stock related to vesting of performance-based stock units and restricted stock units, with shares withheld for tax obligations.
Summary
- On March 1, 2024, Nick Jeffery, the President & CEO of Frontier Communications Parent, Inc., acquired 491,996 shares of common stock related to performance-based stock units.
- On the same day, 193,601 shares were disposed of to cover taxes upon vesting and settlement of these units at a price of $23.82.
- On March 4, 2024, 36,553 shares were disposed of at $23.5 to cover taxes upon the vesting of 92,889 restricted stock units.
- Following these transactions, Jeffery directly owns 734,839 shares of Frontier Communications Parent, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Acquisition of 491,996 shares of common stock and disposal of 193,601 shares for tax purposes related to 2021 PSUs. |
| 03/04/2024 | Disposal of 36,553 shares for tax purposes related to vesting of RSUs. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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