Jeffery Nick 4
4 · Frontier Communications Parent, Inc. · Filed Dec 23, 2024
Insider Transaction Report
Form 4
Jeffery Nick
DirectorPresident & CEO
Transactions
- Award
Common Stock
2024-12-19+501,114→ 1,347,643 total - Tax Payment
Common Stock
2024-12-19$34.75/sh−62,770$2,181,258→ 1,188,884 total - Award
Common Stock
2024-12-19+166,860→ 1,514,503 total - Tax Payment
Common Stock
2024-12-19$34.75/sh−197,189$6,852,318→ 1,317,314 total - Tax Payment
Common Stock
2024-12-19$34.75/sh−65,660$2,281,685→ 1,251,654 total
Footnotes (5)
- [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.