Nielsen Mark D 4

What Happened
Mark D. Nielsen, Chief Legal & Regulatory Officer of Frontier Communications Parent, Inc. (FYBR), had a total of 350,732 shares/units disposed in connection with Frontier’s merger into Verizon, effective January 20, 2026. The dispositions include: 175,579 shares, 40,188 shares, and 134,965 restricted/derivative units that were cancelled. Under the merger terms each share/unit was converted into the right to receive $38.50 in cash, resulting in approximately $13,503,182 paid to Nielsen. These were dispositions to the issuer as part of the merger (not open-market sales).

Key Details

• Transaction date: January 20, 2026 (Effective Time of the merger).
• Cash price: $38.50 per share/unit under the Merger Agreement.
• Shares/units disposed: 175,579 + 40,188 + 134,965 = 350,732.
• Estimated total cash received: ~$13.5 million (350,732 × $38.50 = $13,503,182).
• Shares owned after transaction: effectively zero for Frontier common stock (company became a wholly owned subsidiary of Verizon and shares were converted/cancelled).
• Footnotes: Dispositions occurred under the Merger Agreement; outstanding common shares were converted to cash (F1–F2), time‑based RSUs vested and were cancelled for cash (F3), and performance RSUs vested/cancelled for cash based on performance attainment (F4).
• Filing timing: Form 4 filed January 22, 2026 for a January 20, 2026 transaction (no late filing indicated).

Context

• These were merger cash‑out dispositions (disposition to issuer), not typical open‑market sales; the insider received the merger consideration rather than selling on the market.
• The $0.00 price line for derivative units reflects cancellation/settlement of RSUs/PSUs in cash per the merger, not a zero-value event.
• Such transactions reflect deal mechanics rather than a trading signal about the company’s prospects.