Form 4: Frontier Communications CFO Scott Beasley Reports Stock Award and Tax Withholding

Scott Beasley, CFO of Frontier Communications, reports the acquisition of 196,799 shares of common stock related to performance-based stock units and the subsequent withholding of 77,567 shares for tax obligations.

Summary

• On March 1, 2024, Scott Beasley, the Chief Financial Officer of Frontier Communications Parent, Inc., acquired 196,799 shares of common stock.
• These shares were earned in respect of performance-based stock units for the 2021-2023 performance period.
• On the same day, 77,567 shares were withheld by the company to cover taxes upon the vesting and settlement of these performance-based stock units at a price of $23.82.
• Following these transactions, Beasley directly owns 229,835 shares of Frontier Communications Parent, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, and does not inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity holdings of key executives.

Stakeholder Impact

• The transaction affects the CFO's ownership stake in the company, which is of interest to shareholders.
• The tax withholding impacts the company's cash flow and tax obligations.

Key Dates