Form 4: Frontier Communications EVP John Harrobin Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
John Harrobin, EVP of Consumer at Frontier Communications, disposed of 10,578 shares of common stock on May 7, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On May 7, 2024, John Harrobin, the EVP of Consumer at Frontier Communications Parent, Inc., disposed of 10,578 shares of common stock.
- The transaction was executed to cover taxes upon the vesting of restricted stock units that were previously granted.
- The price per share for the transaction was $25.82.
- Following the transaction, Harrobin directly owns 144,673 shares of Frontier Communications Parent, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of stock disposal to cover tax obligations. |
| 05/09/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.