Stratton John G 4
Accession 0001140361-26-002032
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 4:01 PM ET
Size
9.7 KB
Accession
0001140361-26-002032
Research Summary
AI-generated summary of this filing
Frontier (FYBR) Exec Chair John Stratton Receives Cash in Merger
What Happened
John G. Stratton, Executive Chairman and a director of Frontier Communications Parent, Inc. (FYBR), had a total of 2,448,358 shares/units converted into cash in connection with the company’s merger into Verizon. The conversion occurred at the merger Effective Time on January 20, 2026, at $38.50 per share/unit, yielding approximately $94.26 million in cash. The Form 4 shows three disposition entries: two equity share dispositions and one derivative (RSU/PSU) disposition that was canceled/paid out as cash.
Key Details
- Transaction date: January 20, 2026 (Effective Time of the merger). Form filed January 22, 2026 (timely).
- Price: $38.50 per share/unit under the Merger Agreement.
- Shares/units converted: 1,872,593 + 113,039 + 462,726 = 2,448,358 total. Total cash ≈ $94,261,783.
- Shares owned after transaction: The filing reflects conversion/cancellation of the reported holdings into cash (no continuing common‑stock position reported).
- Footnotes: (F1–F4) Merger Agreement with Verizon effective Jan 20, 2026; each outstanding share converted to $38.50 cash; time‑based RSUs and performance PSUs vested/cancelled and paid in cash based on performance attainment.
- Transaction type: Dispositions to the issuer (conversion/cash‑out in merger), not an open‑market sale or 10b5‑1 trade.
Context: This was a merger cash‑out — Frontier shares and related restricted stock units were converted into merger consideration per the agreement with Verizon. Such conversion payments reflect the deal terms rather than an insider-initiated market sale; they do not necessarily reflect the insider’s view of the company’s standalone prospects.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1][F2]2026-01-20−1,872,593→ 113,039 total - Disposition to Issuer
Common Stock
[F3]2026-01-20−113,039→ 0 total - Disposition to Issuer
Performance-based Restricted Stock Unit
[F4]2026-01-20−462,726→ 0 totalExercise: $0.00→ Common Stock (462,726 underlying)
Footnotes (4)
- [F1]In connection with the terms of the Agreement and Plan of Merger, dated September 4, 2024 (the "Merger Agreement"), by and among the Issuer, Verizon Communications Inc. ("Parent"), France Merger Sub Inc., a wholly owned Subsidiary of Parent ("Merger Sub"), in accordance with the Merger Agreement, Merger Sub merged with and into the Issuer, with the Issuer surviving such merger as a wholly-owned subsidiary of Parent upon the consummation of the merger on January 20, 2026 (the "Effective Time").
- [F2]At the Effective Time, each outstanding share of Issuer common stock ("Share") was automatically converted into the right to receive an amount in cash equal to $38.50 per share, without interest.
- [F3]Represents each outstanding time-based restricted stock unit ("RSUs") which, at the Effective Time, vested and was canceled, with the holder thereof entitled to receive an amount in cash equal to the number of Shares underlying such RSUs multiplied by $38.50.
- [F4]Represents each outstanding performance-based restricted stock units ("PSUs") which, at the Effective Time, vested and was canceled, with the holder thereof entitled to receive an amount in cash equal to the number of Shares underlying such PSUs multiplied by $38.50, based on attainment of all applicable performance goals at the actual level of performance measured at the Effective Time.
Signature
Documents
Issuer
Frontier Communications Parent, Inc.
CIK 0000020520
Related Parties
1- filerCIK 0001385262
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 4:01 PM ET
- Size
- 9.7 KB