StandardAero Set to Join S&P MidCap 400

Rhea-AI Summary

StandardAero (NYSE: SARO) will join the S&P MidCap 400 prior to market open on Jan 22, 2026, replacing Frontier Communications Parent (NASD: FYBR). The change was announced by S&P Dow Jones Indices and appears in the index reconstitution table as an addition for Industrials.

The release also notes Verizon (NYSE: VZ) is acquiring Frontier in a deal expected to close soon, pending final conditions.

Positive

• SARO added to S&P MidCap 400 effective Jan 22, 2026
• Index inclusion may increase passive fund demand for SARO shares

Negative

• FYBR deleted from S&P MidCap 400 effective Jan 22, 2026

Key Figures

Index change effective date: Jan 22, 2026 Index added company: StandardAero to S&P MidCap 400 Current price: $38.49 +5 more

8 metrics

Index change effective date Jan 22, 2026 Date FYBR is deleted from S&P MidCap 400

Index added company StandardAero to S&P MidCap 400 SARO addition as FYBR is removed

Current price $38.49 Pre-news trading level for FYBR

52-week high $38.50 Near cash merger consideration level

Cash merger price $38.50 per share Merger consideration in Verizon deal per SEC filings

Merger effective date January 20, 2026 Date FYBR became wholly owned Verizon subsidiary

CFO share disposition 251,225 and 69,249 shares Shares cashed out for CFO Scott C. Beasley at $38.50

Director RSUs canceled 134,965 performance RSUs Awards for Mark D. Nielsen cashed out at $38.50 per share

Market Reality Check

Price: $38.49 Vol: Volume 13,009,546 is 2.69...

high vol

$38.49 Last Close

Volume Volume 13,009,546 is 2.69x the 20-day average of 4,843,755, indicating elevated trading activity ahead of index removal and merger close. high

Technical Price at $38.49 is trading above the 200-day moving average of $37.09 and within $0.01 of the 52-week high of $38.50.

Peers on Argus

FYBR’s slight 0.13% gain with heavy volume contrasts with telecom peers that sho...

FYBR’s slight 0.13% gain with heavy volume contrasts with telecom peers that show modest positive moves but no momentum scanner signals, suggesting this action is driven by company-specific factors (merger and index removal) rather than a broad sector rotation.

Historical Context

2 past events · Latest: Oct 28 (Positive)

Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Oct 28	Earnings results	Positive	+0.3%	Q3 2025 fiber growth and financial metrics alongside pending Verizon acquisition.
Oct 14	Earnings scheduling	Neutral	+0.1%	Announcement of Q3 2025 earnings date and no guidance due to pending merger.

Pattern Detected

Recent news tied to ongoing operations and the pending Verizon acquisition showed small positive price reactions, indicating generally stable trading around deal-related updates.

Recent Company History

Over recent months, Frontier Communications Parent (FYBR) has focused on fiber-first growth while progressing toward its merger with Verizon. On Oct 28, 2025, Q3 2025 results showed revenue of $1.55B, adjusted EBITDA of $637M, and a 25.8% YoY increase in fiber broadband revenue, with the stock up 0.27% over 24 hours. An earlier Oct 14, 2025 announcement confirmed the pending Verizon acquisition and the decision not to host an earnings call or provide outlook, with a 0.13% price gain. Today’s index deletion and acquisition context aligns with this steady, deal-anchored trading profile.

Market Pulse Summary

This announcement confirms Frontier Communications Parent (FYBR) being deleted from the S&P MidCap 4...

Analysis

This announcement confirms Frontier Communications Parent (FYBR) being deleted from the S&P MidCap 400 as its merger with Verizon progresses, with shareholders entitled to $38.50 in cash per share under the deal terms. Prior quarters showed fiber-driven growth while the transaction advanced. Investors following this story would focus on the January 20, 2026 merger effective date, the final index exit on Jan 22, 2026, and the consistency of cash consideration and closing mechanics disclosed in recent SEC filings.

Key Terms

s&p midcap 400, s&p 500, s&p 100, gics sector

4 terms

s&p midcap 400 financial

"StandardAero Inc. (NYSE: SARO) will replace Frontier Communications Parent Inc. (NASD: FYBR) in the S&P MidCap 400"

The S&P MidCap 400 is a group of 400 companies that are smaller than the big, well-known corporations but larger than tiny startups. It helps investors see how medium-sized companies are performing in the stock market, acting like a barometer for this middle-sized group of businesses.

s&p 500 financial

"S&P 500 & S&P 100 constituent Verizon Communications Inc. (NYSE: VZ) is acquiring Frontier"

The S&P 500 is a broad stock market index that tracks the performance of 500 large U.S. companies, weighted so bigger firms have a larger impact. Investors use it like a thermometer or benchmark to judge how the overall U.S. stock market or a portfolio is doing; movements in the index influence investor sentiment, fund performance, and many passive investment products that aim to match its returns.

s&p 100 financial

"S&P 500 & S&P 100 constituent Verizon Communications Inc. (NYSE: VZ) is acquiring Frontier"

The S&P 100 is a stock market index that tracks the shares of 100 large, well‑established U.S. companies selected for size and ease of trading; think of it as a basket representing the biggest, most widely traded American firms. Investors use it as a quick read on how large‑cap, blue‑chip stocks are performing and as a benchmark for funds and derivatives; like checking the temperature of the largest businesses, movements in the index can influence portfolio choices and risk management.

gics sector technical

"Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector"

GICS sector is one of the major industry groupings from the Global Industry Classification Standard, a system that sorts companies into consistent categories (like Technology or Health Care) based on the primary business they do. Investors use these sectors like folders in a filing cabinet to compare companies, build diversified portfolios, and track how whole parts of the market are performing rather than focusing on single stocks.

AI-generated analysis. Not financial advice.

NEW YORK, Jan. 16, 2026 /PRNewswire/ -- StandardAero Inc. (NYSE: SARO) will replace Frontier Communications Parent Inc. (NASD: FYBR) in the S&P MidCap 400 effective prior to the opening of trading on Thursday, January 22. S&P 500 & S&P 100 constituent Verizon Communications Inc. (NYSE: VZ) is acquiring Frontier Communications Parent in a deal expected to close soon pending final conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
Jan 22, 2026	S&P MidCap 400	Addition	StandardAero	SARO	Industrials
Jan 22, 2026	S&P MidCap 400	Deletion	Frontier Communications Parent	FYBR	Communication Services

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.

FOR MORE INFORMATION:

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View original content:https://www.prnewswire.com/news-releases/standardaero-set-to-join-sp-midcap-400-302663810.html

SOURCE S&P Dow Jones Indices

FAQ

When will StandardAero (SARO) officially join the S&P MidCap 400?

SARO will join the S&P MidCap 400 effective prior to the open on Jan 22, 2026. According to S&P Dow Jones Indices, the addition replaces Frontier Communications Parent (FYBR) in the index reconstitution.

What does SARO joining the S&P MidCap 400 mean for shareholders?

Index inclusion often increases passive buying and liquidity for affected stocks. According to S&P Dow Jones Indices, SARO's entry could attract funds that track the MidCap 400, potentially raising trading volume and visibility.

Which company is being removed from the S&P MidCap 400 on Jan 22, 2026?

Frontier Communications Parent (NASDAQ: FYBR) will be deleted from the S&P MidCap 400 on Jan 22, 2026. According to S&P Dow Jones Indices, FYBR is the listed deletion in the index update table.

Will the Verizon (VZ) acquisition of Frontier affect the S&P index change?

The index change is independent but related: SARO replaces FYBR ahead of market open on Jan 22, 2026. According to S&P Dow Jones Indices, Verizon's planned acquisition of Frontier is expected to close soon, pending final conditions.

How should investors track the SARO addition to the MidCap 400 on Jan 22, 2026?

Monitor pre-market notices and fund rebalancing on Jan 22, 2026 for SARO inclusion. According to S&P Dow Jones Indices, the effective date is before the market open, so funds may execute trades at the open.

Does SARO's S&P MidCap 400 addition change its GICS sector classification?

No sector change is indicated: SARO is listed under the Industrials GICS sector in the Jan 22, 2026 table. According to S&P Dow Jones Indices, the addition keeps SARO classified as Industrials.