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Frontier Communications Parent, Inc. — Director's Dealing 2024
Dec 24, 2024
30642_dirs_2024-12-23_a171b15a-5142-4889-b6cb-4a1ab5784353.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Frontier Communications Parent, Inc. (FYBR)
CIK: 0000020520
Period of Report: 2024-12-19
Reporting Person: Jeffery Nick (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-12-19 | Common Stock | A | 501114 | — | Acquired | 1347643 | Direct |
| 2024-12-19 | Common Stock | A | 166860 | — | Acquired | 1514503 | Direct |
| 2024-12-19 | Common Stock | F | 197189 | $34.75 | Disposed | 1317314 | Direct |
| 2024-12-19 | Common Stock | F | 65660 | $34.75 | Disposed | 1251654 | Direct |
| 2024-12-19 | Common Stock | F | 62770 | $34.75 | Disposed | 1188884 | Direct |
Footnotes
F1: Represents target number of performance-based restricted shares granted under the Company's 2024 Management Incentive Plan (the "Performance-Based Restricted Shares"). Performance-Based Restricted Shares are eligible to vest based on performance measured at the end of the 2023-2025 performance period, or otherwise in accordance with the terms and conditions of the applicable award agreement.
F2: Represents number of shares of common stock acquired by the reporting person upon the vesting of the "target" number of performance-based stock units previously granted in respect of the 2022-2024 performance period ("2022 Target PSUs"). The 2022 Target PSUs were vested on December 19, 2024.
F3: Represents shares withheld by the Company to cover taxes incurred by the reporting person in connection with an 83(b) election made by the reporting person in respect of the Performance-Based Restricted Shares.
F4: Represents shares withheld by the Company to cover taxes upon vesting of the 2022 Target PSUs.
F5: Represents shares withheld by the Company to cover taxes upon vesting of time-based restricted stock units previously granted, which vested on December 19, 2024.