Form 4: Frontier Communications CFO Scott Beasley Reports Stock Transactions
SEC Form 4 Filing
Scott Beasley, CFO of Frontier Communications, reports acquisition of restricted stock units and shares withheld for taxes on March 13, 2024.
Summary
- On March 13, 2024, Scott Beasley, the CFO of Frontier Communications Parent, Inc., acquired 40,075 shares of common stock.
- These shares were granted as restricted stock units under the company's 2021 Management Incentive Plan.
- Also on March 13, 2024, 6,492 shares were withheld by the company to cover taxes upon the vesting of restricted stock units.
- Following these transactions, Beasley directly owns 263,418 shares of Frontier Communications common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- It assures stakeholders that the CFO's interests are aligned with theirs through stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of stock acquisition and tax withholding. |
| 03/15/2024 | Date of signature on the Form 4 filing. |
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