Vemana Pratabkumar 4
4 · Frontier Communications Parent, Inc. · Filed Jan 22, 2026
Research Summary
AI-generated summary of this filing
Frontier (FYBR) Director Vemana Pratabkumar Sells Shares
What Happened
Vemana Pratabkumar, a director of Frontier Communications Parent, Inc. (FYBR), disposed of a total of 30,436 shares on January 20, 2026. The filings show two dispositions: 25,919 shares and 4,517 shares, each converted to cash at the merger consideration price of $38.50 per share, for aggregate proceeds of approximately $1,171,786. This was not an open-market sale but a cash-out under the merger agreement.
Key Details
- Transaction date: January 20, 2026; filing date: January 22, 2026 (timely).
- Price: $38.50 per share (fixed by the Merger Agreement).
- Shares disposed: 25,919 and 4,517 (total 30,436).
- Approximate total proceeds: $1,171,786.
- Shares owned after transaction: N/A — outstanding common stock was converted to cash at the Effective Time.
- Footnotes: F1 — merger with Verizon completed Jan 20, 2026; F2 — each outstanding share converted into $38.50 in cash; F3 — RSUs vested and were canceled and paid out in cash at $38.50 per underlying share.
- Transaction type: Disposition to issuer (cash-out under merger), not an open market sale.
Context
These dispositions reflect the merger mechanics (Frontier became a Verizon subsidiary and shares/RSUs were converted to cash) rather than a director-initiated trade. Such merger cash-outs are routine corporate actions and do not necessarily indicate the director’s view on the company’s future performance.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1][F2]2026-01-20−25,919→ 4,517 total - Disposition to Issuer
Common Stock
[F3]2026-01-20−4,517→ 0 total
Footnotes (3)
- [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 restricted stock unit ("RSU") 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.