Frontier (FYBR) CEO equity converted to $38.50 cash in Verizon merger

Rhea-AI Filing Summary

Frontier Communications Parent, Inc. reports that its merger with Verizon Communications Inc. closed on January 20, 2026, making Frontier a wholly owned subsidiary of Verizon. In connection with this merger, each outstanding share of Frontier common stock was automatically converted into the right to receive $38.50 in cash per share, without interest.

For President & CEO and director Jeffery Nick, the Form 4 shows the disposition of 1,247,265 shares of common stock on January 20, 2026, followed by the disposition of a further 142,095 shares, leaving 0 shares beneficially owned. The filing also reports the cancellation of 778,919 performance-based restricted stock units, which vested and were converted into cash based on the number of underlying shares multiplied by the $38.50 per-share merger consideration and actual performance at the effective time.

Insights

Corporate actions and insider transactions analyst

Form 4 reflects automatic cash-out of CEO equity at $38.50 in Verizon merger.

This Form 4 for Jeffery Nick, President & CEO and director of Frontier Communications Parent, Inc., documents the equity impact of Frontier’s merger with Verizon Communications Inc.. At the January 20, 2026 effective time, each Frontier common share was automatically converted into the right to receive $38.50 in cash, with no interest.

The filing shows dispositions of 1,247,265 shares of common stock, then an additional 142,095 shares, reducing Nick’s reported beneficial ownership in common stock to zero after the merger closed. It also records the vesting and cancellation of 778,919 performance-based restricted stock units, which were converted into cash based on the same $38.50 per-share merger consideration and actual performance goal attainment at the effective time.

These are merger-driven, automatic conversions rather than discretionary market trades, so they primarily confirm that the previously agreed merger terms were executed as of January 20, 2026. From an investment perspective, the key information is the confirmed cash consideration per share and the completion of the transaction that takes Frontier private under Verizon ownership.

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

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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^*

Jeffery Nick

(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
X	Officer (give title below)		Other (specify below)
	President & CEO

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		1,247,265(1)	D	(2)	142,095	D
Common Stock	01/20/2026		D		142,095	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
Performance-based Restricted Stock Unit(4)	$0	01/20/2026		D			778,919	(4)	(4)	Common Stock	778,919	$0	0	D

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 time-based restricted stock unit ("RSUs") 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.

4. Represents each outstanding performance-based restricted stock units ("PSUs") 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 PSUs multiplied by $38.50, based on attainment of all applicable performance goals at the actual level of performance measured at the Effective Time.

	/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.
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FAQ

What does this Form 4 filing for FYBR show about Jeffery Nick's Frontier holdings?

The Form 4 shows that President & CEO Jeffery Nick disposed of 1,247,265 shares of Frontier common stock on January 20, 2026, followed by the disposition of another 142,095 shares, leaving him with 0 shares beneficially owned after the merger with Verizon closed.

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

At the merger effective time on January 20, 2026, each outstanding share of Frontier common stock was automatically converted into the right to receive $38.50 in cash per share, without interest.

How were Jeffery Nick's restricted stock units treated in the FYBR–Verizon deal?

Each outstanding time-based RSU and performance-based PSU held by Jeffery Nick 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, with PSUs based on actual performance at that time.

What derivative securities for FYBR are reported in this Form 4?

The Form 4 reports 778,919 performance-based restricted stock units as derivative securities that were disposed of on January 20, 2026, vesting and being canceled in exchange for cash based on the $38.50 per-share merger consideration.

Did Frontier Communications Parent, Inc. become a subsidiary after this transaction?

Yes. The filing explains that on January 20, 2026, France Merger Sub Inc., a wholly owned subsidiary of Verizon Communications Inc., merged with and into Frontier, with Frontier surviving as a wholly owned subsidiary of Verizon.

Is this Form 4 for FYBR a discretionary stock sale by the CEO?

No. The transactions reported reflect automatic conversions of common stock, RSUs, and PSUs into cash at $38.50 per share under the merger agreement with Verizon, rather than open-market or discretionary trades.