Form 4: Frontier Communications Executive William McGloin Reports Stock Transactions
SEC Form 4 Filing
William McGloin, Chief Accounting Officer of Frontier Communications Parent, Inc., reports acquisition and disposal of common stock related to performance-based stock units.
Summary
- On February 28, 2025, William McGloin, Chief Accounting Officer of Frontier Communications Parent, Inc., reported transactions involving the company's common stock.
- He acquired 1,697 shares of common stock at $0 related to performance-based stock units (PSUs) for the 2022-2024 performance period.
- He also disposed of 877 shares at $35.92 to cover taxes upon vesting and settlement of the 2022 PSUs.
- Following these transactions, McGloin beneficially owns 14,257 shares of Frontier Communications Parent, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an officer, with no indication of unusual activity or significant sentiment impact.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions 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 compensation-related stock activity.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock transactions (acquisition and disposal). |
| 03/03/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.