Form 4: Frontier Communications Executive William McGloin Reports Stock Transactions

William McGloin, Chief Accounting Officer of Frontier Communications Parent, Inc., reports acquisition and disposal of common stock and shares withheld for taxes related to vesting of restricted stock units.

Summary

• On March 13, 2024, William McGloin, Chief Accounting Officer of Frontier Communications Parent, Inc., acquired 4,867 shares of common stock at $0.
• On the same day, McGloin disposed of 724 shares of common stock at $24.31 to cover taxes upon vesting of restricted stock units.
• Following these transactions, McGloin beneficially owns 14,087 shares of Frontier Communications Parent, Inc.
• The acquisition represents restricted stock units granted under the company's 2021 Management Incentive Plan, which vest ratably over three years and represent the right to receive one share of common stock upon vesting.

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 about the company's performance or prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates