Form 4: Frontier Communications Executive Mark Nielsen Reports Stock Transactions
SEC Form 4 Filing
Mark Nielsen, Chief Legal & Regulatory Officer of Frontier Communications, reports acquisition and disposal of common stock related to restricted stock units.
Summary
- On March 13, 2024, Mark Nielsen, Chief Legal & Regulatory Officer of Frontier Communications Parent, Inc., reported transactions involving the company's common stock.
- Nielsen acquired 25,047 shares of common stock related to restricted stock units at a price of $0.
- Concurrently, Nielsen disposed of 3,345 shares to cover taxes upon vesting of restricted stock units at a price of $24.31.
- Following these transactions, Nielsen beneficially owns 184,521 shares of Frontier Communications common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of stock transactions (acquisition and disposal). |
| 03/15/2024 | Date of signature on the Form 4 filing. |
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