Form 4: Frontier Communications Executive Alan Gardner Reports Stock Award and Tax Withholding

Alan Gardner, Chief People Officer of Frontier Communications, reports the acquisition of 88,561 shares of common stock related to performance-based stock units and the subsequent withholding of 35,031 shares for tax obligations.

Summary

• On March 1, 2024, Alan Gardner, Chief People Officer of Frontier Communications Parent, Inc., acquired 88,561 shares of common stock.
• These shares were earned in respect of performance-based stock units (PSUs) for the 2021-2023 performance period.
• On the same day, 35,031 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, Gardner directly owns 107,724 shares of Frontier Communications common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It reflects routine compensation practices.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the equity-based compensation of key personnel.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation.
• The tax withholding impacts the company's cash flow and tax liabilities.

Key Dates