Form 4: Frontier Communications Executive William McGloin Reports Stock Transaction
SEC Form 4 Filing
William McGloin, Chief Accounting Officer of Frontier Communications, reports the withholding of shares to cover taxes upon vesting of restricted stock units.
Summary
- On June 21, 2024, William McGloin, Chief Accounting Officer of Frontier Communications Parent, Inc., had 47 shares of common stock withheld by the company to cover taxes.
- This was due to the vesting of restricted stock units previously granted under the 2021 Management Incentive Plan.
- Following the transaction, McGloin directly owns 13,437 shares of Frontier Communications common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction related to executive compensation. It doesn't indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/21/2024 | Date of stock transaction (shares withheld for taxes). |
| 06/25/2024 | Date of signature on the Form 4 filing. |
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