Turcke Maryann 4

What Happened
Maryann Turcke, a director of Frontier Communications Parent, Inc., disposed of a total of 41,079 shares on January 20, 2026 (19,880 shares and 21,199 shares). Under the merger agreement with Verizon, each Frontier share and vested RSU was converted into the right to receive $38.50 in cash, so the disposals resulted in roughly $1,581,541.50 in cash consideration (41,079 × $38.50). These were dispositions to the issuer in connection with the merger — not open-market sales.

Key Details

• Transaction date: 2026-01-20 (Effective Time of the merger). Filing date: 2026-01-22 (Form 4).
• Price: $38.50 per share (cash paid under the Merger Agreement).
• Shares disposed: 19,880 and 21,199 (total 41,079). Total cash ≈ $1,581,541.50.
• Shares owned after transaction: not specified in the provided excerpt (the merger converted outstanding shares and vested RSUs into cash).
• Footnotes: F1 confirms Merger Sub merged into Frontier and the merger closed on Jan 20, 2026; F2 confirms each share converted into $38.50 cash; F3 confirms vested RSUs were canceled and paid in cash at $38.50 per underlying share.
• Timeliness: Filed within the standard Form 4 window (not noted as late).

Context
This was a cash-out due to a corporate acquisition (Frontier became a wholly owned subsidiary of Verizon at the Effective Time). Dispositions labeled “to issuer” in this situation reflect the merger consideration and RSU settlement, not a discretionary open-market sale by the insider; such transactions are routine in acquisitions and do not, by themselves, indicate the insider’s ongoing sentiment about the company’s prospects.