Jeffery Nick 4

What Happened
Jeffery Nick, President & CEO and a director of Frontier Communications Parent, Inc. (FYBR), had 2,168,279 total equity interests disposed on January 20, 2026 as part of the company’s merger with Verizon. That total consists of: 1,247,265 shares, 142,095 shares, and 778,919 derivative units (time‑ and performance‑based RSUs/PSUs). Under the merger terms, each share (and each share underlying RSUs/PSUs) was converted into the right to receive $38.50 in cash, yielding approximately $83.5 million in aggregate consideration. These entries are recorded as dispositions (D) and reflect the merger cashout rather than an open‑market sale by the insider.

Key Details

• Transaction date: January 20, 2026 (Effective Time of the merger). Form 4 filed January 22, 2026 (timely filing).
• Price / consideration: $38.50 per share in cash under the Merger Agreement; aggregate ≈ $83,478,742.
• Shares/units disposed: 1,247,265; 142,095; and 778,919 (total 2,168,279). The derivative line shows $0 because RSUs/PSUs were canceled and paid out in cash per the merger terms.
• Shares owned after transaction: filing does not report retained common stock (dispositions reflect conversion/cashout at merger).
• Notable footnotes: disposal due to the Merger Agreement (dated Sept 4, 2024) where Merger Sub merged into the issuer and all shares/units converted/cancelled for $38.50 cash; PSUs vested and were paid based on attainment of performance goals.

Context: These dispositions are corporate action results of the Verizon acquisition (cash consideration for outstanding shares and equity awards), not voluntary open‑market sales or option exercises. For retail investors, this is a routine merger cashout and should be read as a transaction driven by the deal terms rather than an insider signaling buy/sell sentiment.