Form 4: Frontier Director Sells Shares Post-Merger

A Frontier Communications Parent, Inc. director reported the disposal of all common stock and vested restricted stock units following the company's merger with Verizon Communications Inc. on January 20, 2026.

Summary

• Maryann Turcke, a Director of Frontier Communications Parent, Inc. (FYBR), reported transactions related to the company's merger.
• On January 20, 2026, Frontier Communications Parent, Inc. merged with France Merger Sub Inc., a wholly-owned subsidiary of Verizon Communications Inc., with Frontier surviving as a wholly-owned subsidiary of Verizon.
• At the effective time of the merger, each outstanding share of Frontier common stock was automatically converted into the right to receive $38.50 in cash, without interest.
• Maryann Turcke disposed of 19,880 shares of common stock as part of this merger.
• Additionally, 21,199 restricted stock units (RSUs) held by Ms. Turcke vested and were canceled, with the holder entitled to receive cash equal to the number of underlying shares multiplied by $38.50.
• Following these transactions, Maryann Turcke's beneficial ownership of Frontier common stock is 0 shares.

Sentiment

Score: 7

Explanation: The sentiment is positive for the reporting person as they received a cash payout for their equity holdings at a pre-agreed merger price, indicating a successful realization of value from their investment.

Positives

• The reporting person received a cash payout of $38.50 per share for all their common stock and vested restricted stock units as part of the merger agreement.

Future Outlook

The filing does not provide forward-looking statements or guidance, as it reports a completed transaction related to a merger where the company became a wholly-owned subsidiary.

Industry Context

This transaction reflects the finalization of a significant merger within the telecommunications industry, where a major player, Verizon Communications Inc., acquired Frontier Communications Parent, Inc., integrating its operations and assets.

Stakeholder Impact

• Shareholders of Frontier Communications Parent, Inc. received a cash payment of $38.50 per share for their holdings, converting their equity into a liquid asset.
• The company's status changed from a publicly traded entity to a wholly-owned subsidiary of Verizon Communications Inc., impacting its independent operational and strategic direction.

Key Dates

Keywords

Frontier Communications, FYBR, Verizon Communications, Merger, Form 4, Insider Transaction, Share Disposal, Restricted Stock Units, Cash Payout