Form 4: Frontier Communications Executive Mark D. Nielsen Reports Stock Transaction
SEC Form 4 Filing
Mark D. Nielsen, Chief Legal & Regulatory Officer of Frontier Communications, reports the withholding of shares to cover taxes upon vesting of restricted stock units.
Summary
- On May 7, 2024, Mark D. Nielsen, Chief Legal & Regulatory Officer of Frontier Communications Parent, Inc., had 10,555 shares of common stock withheld by the company to cover taxes.
- This was due to the vesting of restricted stock units previously granted.
- The price per share for the transaction was $25.82.
- Following the transaction, Nielsen directly owns 173,966 shares of Frontier Communications Parent, Inc.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and does not inherently indicate positive or negative sentiment. It's a neutral event.
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 withholding of shares to cover tax obligations, a common practice in executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves the withholding of shares for tax purposes related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of the stock transaction (shares withheld for taxes). |
| 05/09/2024 | Date of signature on the Form 4 filing. |
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