Form 4: Frontier Communications CFO Scott Beasley Reports Stock Transaction
SEC Form 4 Filing
Scott Beasley, CFO of Frontier Communications, reports the withholding of shares to cover taxes upon the vesting of restricted stock units.
Summary
- On May 7, 2024, Scott Beasley, the Chief Financial Officer of Frontier Communications Parent, Inc. [FYBR], had 10,244 shares of common stock withheld by the company to cover taxes.
- This was due to the vesting of restricted stock units previously granted.
- The price per share was $25.82.
- Following the transaction, Beasley beneficially owns 253,174 shares of common stock directly.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units and the subsequent tax obligations of the CFO.
Stakeholder Impact
- The transaction has a minor impact on the total number of outstanding shares, but is unlikely to significantly affect shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of stock transaction (tax withholding on vested restricted stock units). |
| 05/09/2024 | Date of signature on the Form 4 filing. |
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