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Frontier Communications Parent, Inc.·4

Jan 22, 4:02 PM ET

McGloin William 4

Research Summary

AI-generated summary

Updated

Frontier (FYBR) CAO William McGloin Cashes 17,077 Shares, Converts 6,558

What Happened

  • William McGloin, Chief Accounting Officer of Frontier Communications Parent, Inc. (FYBR), had a total of 23,635 shares/equivalents disposed to the issuer on Jan 20, 2026 as part of Frontier's merger into Verizon.
  • Of those, 17,077 awards were vested/cancelled and cashed out at the merger price of $38.50 per share (17,077 × $38.50 ≈ $657,465). The remaining 6,558 award units were converted into unvested Parent restricted stock units (Parent RSUs) using the merger exchange ratio (38.5 / 39.7141 ≈ 0.97), resulting in roughly 6,361 Parent RSUs (approximate).
  • These were dispositions to the issuer under the Merger Agreement (not open-market sales). The cash and conversions reflect treatment of outstanding shares, vested RSUs/PSUs, and remaining RSU/PSU portions at the effective time of the merger.

Key Details

  • Transaction date: January 20, 2026 (Effective Time of the merger).
  • Cash price paid: $38.50 per share for vested/cancelled awards.
  • Total shares/equivalents affected: 23,635 (17,077 cashed; 6,558 converted).
  • Approximate cash received: $657,465 for the cashed portion.
  • Exchange ratio for converted awards: 38.5 / 39.7141 ≈ 0.97; converted units became Parent RSUs subject to Parent vesting terms.
  • Transaction code on Form 4: D (Disposition to issuer — merger consideration / award cancellation/conversion).
  • Shares owned after the transactions: not disclosed in the provided filing excerpt.
  • Filing: Form 4 covering 01/20/2026 was filed 01/22/2026 (timely — Form 4 is due within two business days).

Context

  • These actions resulted from the Merger Agreement (Frontier merged into a Verizon subsidiary). Outstanding common shares were converted into the right to receive $38.50 per share in cash; certain RSUs/PSUs were cashed out if vested or converted into Parent RSUs if unvested.
  • This is a corporate-merger-driven disposition (routine treatment of awards at closing), not an open-market sale by the insider — it does not necessarily indicate the insider’s view of future stock performance.