Form 4: Frontier Communications EVP Veronica Bloodworth Reports Stock Transaction
SEC Form 4 Filing
Veronica Bloodworth, EVP & Chief Network Officer of Frontier Communications, reports the disposal of 14,086 shares of common stock to cover taxes upon vesting of restricted stock units.
Summary
- On May 7, 2024, Veronica Bloodworth, EVP & Chief Network Officer of Frontier Communications Parent, Inc., disposed of 14,086 shares of common stock.
- The transaction was executed to cover taxes upon the vesting of restricted stock units previously granted.
- The price per share was $25.82.
- Following the transaction, Bloodworth beneficially owns 258,823 shares of Frontier Communications Parent, Inc.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine stock transaction related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units and the subsequent sale of shares to cover tax obligations, a common practice among executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering taxes on vested stock.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of transaction: Disposal of shares to cover taxes upon vesting of restricted stock units. |
| 05/09/2024 | Date of signature for the report. |
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