Form 4: Frontier Communications Executive Alan Gardner Reports Stock Transactions
SEC Form 4 Filing
Alan Gardner, Chief People Officer of Frontier Communications, reports acquisition of restricted stock units and disposition of shares for tax obligations.
Summary
- On March 13, 2024, Alan Gardner, Chief People Officer of Frontier Communications Parent, Inc., acquired 12,882 shares of common stock as restricted stock units under the company's 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.
- On the same day, Gardner disposed of 1,461 shares of common stock at a price of $24.31 to cover taxes upon the vesting of restricted stock units.
- Following these transactions, Gardner beneficially owns 119,145 shares of Frontier Communications common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of stock acquisition and disposition |
| 03/15/2024 | Date of signature on the report |
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