Form 4: Frontier Communications EVP John Harrobin Reports Stock Transactions
SEC Form 4 Filing
EVP John Harrobin of Frontier Communications Parent, Inc. reports acquisition and disposal of common stock related to restricted stock units.
Summary
- On March 13, 2024, John Harrobin, EVP of Consumer at Frontier Communications Parent, Inc., reported transactions involving the company's common stock.
- He acquired 18,606 shares of common stock related to restricted stock units granted under the 2021 Management Incentive Plan.
- These restricted stock units vest ratably over three years and represent the right to receive one share of common stock upon vesting.
- Additionally, 5,282 shares were disposed of to cover taxes upon the vesting of restricted stock units, at a price of $24.31 per share.
- Following these transactions, Harrobin beneficially owns 155,251 shares of Frontier Communications Parent, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect executive compensation and ownership changes.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of stock acquisition and disposal transactions. |
| 03/15/2024 | Date of signature on the Form 4 filing. |
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