Form 4: Frontier Communications Executive William McGloin Reports Share Disposal for Tax Obligations

William McGloin, Chief Accounting Officer of Frontier Communications Parent, Inc., reports disposing of 664 shares to cover tax obligations upon vesting of restricted stock units on March 8, 2024.

Summary

• On March 8, 2024, William McGloin, the Chief Accounting Officer of Frontier Communications Parent, Inc., disposed of 664 shares of common stock.
• The shares were withheld by the company to cover taxes upon the vesting of restricted stock units previously granted to McGloin.
• The transaction occurred at a price of $24.58 per share.
• Following the transaction, McGloin directly owns 9,944 shares of Frontier Communications Parent, Inc.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment towards the company's prospects.

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 practice of covering tax obligations related to equity compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares and is related to standard executive compensation practices.

Key Dates