Form 4: Frontier Communications Executive William McGloin Reports Stock Transaction
SEC Form 4 Filing
William McGloin, Chief Accounting Officer of Frontier Communications Parent, Inc., reports the disposal of 603 shares of common stock to cover taxes upon vesting of restricted stock units on May 7, 2024.
Summary
- On May 7, 2024, William McGloin, the Chief Accounting Officer of Frontier Communications Parent, Inc., disposed of 603 shares of common stock.
- The transaction was executed to cover taxes upon the vesting of restricted stock units previously granted.
- The shares were disposed of at a price of $25.82 per share.
- Following the transaction, McGloin directly owns 13,484 shares of Frontier Communications Parent, Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations on vested stock, so it doesn't indicate a particularly positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a publicly traded company buy or sell the company's securities. This provides transparency to the market regarding the transactions of company executives.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine transaction.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of stock transaction where 603 shares were disposed of to cover taxes upon vesting of restricted stock units. |
| 05/09/2024 | Date of signature on the Form 4 filing. |
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