Form 4: Frontier Communications Executive Chairman John G. Stratton Reports Tax-Related Stock Disposal

John G. Stratton, Executive Chairman of Frontier Communications, reports the disposal of shares to cover taxes upon vesting of restricted stock units.

Summary

• On May 7, 2024, John G. Stratton, the Executive Chairman of the Board of Frontier Communications Parent, Inc., disposed of 113,678 shares of common stock to cover taxes upon the vesting of restricted stock units.
• The shares were disposed of at a price of $25.82 per share.
• Following the transaction, Stratton beneficially owns 1,941,107 shares of Frontier Communications Parent, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions by an insider. It doesn't inherently convey positive or negative sentiment, as it simply reports a factual event.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related stock disposal, which is a common occurrence when restricted stock units vest.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine disposal of shares for tax purposes.

Key Dates