Stratton John G 4

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.