Form 4: Frontier Communications EVP John Harrobin Reports Stock Award and Tax Withholding

EVP of Consumer at Frontier Communications, John Harrobin, reports acquisition of shares from performance-based stock units and subsequent tax withholding.

Summary

• On March 1, 2024, John Harrobin, EVP of Consumer at Frontier Communications Parent, Inc., acquired 127,919 shares of common stock related to performance-based stock units (PSUs) for the 2021-2023 performance period.
• The acquisition price was $0.
• Simultaneously, 63,129 shares were withheld by the company to cover taxes upon the vesting and settlement of these PSUs at a price of $23.82.
• Following these transactions, Harrobin directly owns 141,927 shares of Frontier Communications Parent, Inc.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, but rather reports transactions.

Positives

• The vesting of performance-based stock units suggests that performance targets were met over the 2021-2023 period.

Industry Context

Form 4 filings are routine disclosures for company insiders and provide transparency into their transactions in the company's stock. This filing indicates activity related to executive compensation and tax obligations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates