Verizon buyout: Frontier (FYBR) director reports full share disposal

Rhea-AI Filing Summary

Frontier Communications Parent, Inc. has been acquired by Verizon Communications Inc., with the merger becoming effective on January 20, 2026. At the effective time, each outstanding share of Frontier common stock was automatically converted into the right to receive $38.50 in cash per share, without interest. Director Maryann Turcke reported two disposition transactions on that date, covering 19,880 and 21,199 shares of common stock, reducing her reported holdings to zero as all equity, including restricted stock units, was converted to cash under the merger terms.

Insights

M&A and equity compensation analyst

Frontier is taken private in a Verizon cash deal at $38.50 per share.

Frontier Communications becomes a wholly owned subsidiary of Verizon Communications Inc. following a merger effective on January 20, 2026. Each Frontier common share was automatically converted into the right to receive $38.50 in cash, and outstanding restricted stock units vested and were canceled for a cash payment based on the same per-share amount.

Director Maryann Turcke reported dispositions of 19,880 and 21,199 Frontier common shares, ending with no shares reported as beneficially owned. These are mechanical conversions driven by the merger terms rather than open-market sales. For former Frontier shareholders, the transaction effectively closes out their equity position in exchange for cash, and future value exposure, if any, shifts to Verizon rather than Frontier.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Turcke Maryann

(Last) (First) (Middle)

C/O FRONTIER COMMUNICATIONS PARENT, INC.

1919 MCKINNEY AVENUE

(Street)

DALLAS TX 75201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Frontier Communications Parent, Inc. [ FYBR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/20/2026		D		19,880(1)	D	(2)	21,199	D
Common Stock	01/20/2026		D		21,199	D	(3)	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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").

2. 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.

3. 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.

	/s/ Anne C. Meyer, under Power of Attorney	01/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What happened to Frontier Communications Parent, Inc. (FYBR) in this filing?

The company was merged with a subsidiary of Verizon Communications Inc., and Frontier survived as a wholly owned subsidiary of Verizon after the merger became effective on January 20, 2026.

What cash consideration did Frontier (FYBR) shareholders receive in the Verizon merger?

Each outstanding share of Frontier common stock was automatically converted into the right to receive $38.50 in cash per share, without interest, at the merger’s effective time.

How many Frontier (FYBR) shares did director Maryann Turcke dispose of?

Maryann Turcke reported dispositions of 19,880 Frontier common shares and then 21,199 Frontier common shares on January 20, 2026, leaving her with zero reported shares after the merger-related conversions.

Were Frontier (FYBR) restricted stock units affected by the Verizon merger?

Yes. Each outstanding restricted stock unit vested and was canceled at the effective time, with the holder entitled to cash equal to the number of underlying shares multiplied by $38.50.

Was the insider transaction in this Form 4 for Frontier (FYBR) an open-market sale?

No. The dispositions reported by director Maryann Turcke reflect automatic conversions of equity into cash under the agreed merger terms with Verizon, rather than discretionary open-market trades.

What is the role of Verizon Communications Inc. in the Frontier (FYBR) transaction?

Verizon Communications Inc. is identified as the parent company in the merger. Its wholly owned subsidiary merged with Frontier, and Frontier became a wholly owned subsidiary of Verizon at the effective time.