PUSEY STEPHEN CHARLES 4
4 · Frontier Communications Parent, Inc. · Filed Jan 22, 2026
Research Summary
AI-generated summary of this filing
Frontier (FYBR) Director Stephen Pusey Receives Cash in Merger
What Happened
Stephen Charles Pusey, a director of Frontier Communications Parent, Inc. (FYBR), had two dispositions to the issuer on Jan 20, 2026: 9,893 shares and 28,169 shares (total 38,062). Per the merger agreement, each share (and vested RSU) was converted into $38.50 in cash, resulting in cash proceeds of $380,880.50 and $1,084,506.50 respectively, or $1,465,387.00 in total. These were not open-market sales but automatic conversions/settlements in connection with the Verizon merger.
Key Details
- Transaction date: 2026-01-20 (Effective Time of the merger). Filing date: 2026-01-22 (appears timely).
- Conversion price: $38.50 per share (per Merger Agreement).
- Shares/RSUs converted: 9,893 and 28,169 (total 38,062).
- Cash received: $380,880.50 and $1,084,506.50 (total $1,465,387.00).
- Transaction code: D — disposition to the issuer (merger-related conversion).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes: merger closed Jan 20, 2026; each outstanding share converted into $38.50 cash; outstanding RSUs vested and were canceled with holders entitled to cash at $38.50/share.
Context
These dispositions occurred as part of the Agreement and Plan of Merger with Verizon (Merger Sub merged into Frontier), which automatically converted Frontier common shares and vested RSUs into a cash payout. Because this was a merger-driven conversion rather than an open-market sale, it reflects transaction mechanics of the deal rather than an individual insider trading decision.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1][F2]2026-01-20−9,893→ 28,169 total - Disposition to Issuer
Common Stock
[F3]2026-01-20−28,169→ 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.