Form 4: Frontier Communications Director Lisa Chang Reports Stock Transactions

Director Lisa Chang reports acquisition and disposal of Frontier Communications stock related to restricted stock units.

Summary

• Lisa Chang, a director of Frontier Communications Parent, Inc., reported transactions involving the company's common stock on May 30, 2024.
• Chang acquired 6,219 shares of common stock through restricted stock units granted under the 2024 Management Incentive Plan.
• These restricted stock units represent the right to receive one share of Frontier Communications common stock, subject to vesting and settlement conditions.
• Chang also disposed of 3,509 shares to cover taxes upon the settlement of restricted stock units previously granted on May 30, 2023, which vested on May 30, 2024.
• The shares were disposed of at a price of $26.72.
• Following these transactions, Chang beneficially owns 25,979 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 about the company's performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their alignment with shareholder interests.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine compensation-related stock activity.

Key Dates