Bloodworth Veronica 4

What Happened

• Veronica Bloodworth, EVP & Chief Network Officer of Frontier Communications Parent, Inc. (FYBR), had dispositions totaling 492,874 shares reported on Jan 20, 2026 in connection with the company’s merger with Verizon.
• Of those, 338,629 shares (from vested/common shares and vested RSUs/PSUs) were canceled and paid in cash at the merger consideration of $38.50 per share, yielding approximately $13,037,216.50. The remaining 154,245 units were converted into unvested Parent restricted stock units (derivative conversion) rather than paid in cash.

Key Details

• Transaction date: January 20, 2026 (Effective Time of the merger).
• Cash price: $38.50 per share for vested shares/awards that were canceled and paid out.
• Total shares/units affected: 492,874 (338,629 cashed out; 154,245 converted to Parent RSUs).
• Cash received (for vested/canceled awards): ~$13.04 million.
• Post-transaction holdings: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1–F2: Merger with Verizon effective Jan 20, 2026; each Frontier share converted into the right to receive $38.50 in cash.
  • F3/F5: Certain time-based RSUs and performance PSUs vested and were canceled and paid in cash at $38.50/share.
  • F4/F6: Remaining unvested portions were converted into Parent (Verizon) RSUs using an exchange ratio equal to 38.5 / 39.7141; converted Parent RSUs remain subject to prior vesting terms (performance conditions removed for PSUs).
• Filing timeliness: Form 4 was filed Jan 22, 2026 for Jan 20 transactions (appears timely).

Context

• This was not an open-market sale by the insider but a corporate-action disposition resulting from the merger: vested awards and shares were cashed out at the merger price; other awards were converted into Verizon (Parent) RSUs.
• Derivative entries recorded at $0.00 reflect cancellation/conversion of original Frontier RSUs/PSUs into Parent RSUs, not a purchase or market sale.