Director exits Frontier (FYBR) stake as Verizon merger pays $38.50 a share
Rhea-AI Filing Summary
Frontier Communications Parent, Inc. director Vemana Pratabkumar reported the disposition of all personally held common stock in connection with the company’s merger with Verizon Communications Inc. At the merger’s effective time on January 20, 2026, each outstanding Frontier share was automatically converted into the right to receive $38.50 in cash per share, without interest. The filing shows two disposition entries that together reduce Pratabkumar’s direct holdings from 25,919 shares to zero, reflecting the cash-out of both common shares and restricted stock units under the merger terms.
Positive
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Insights
Director’s stake is fully cashed out in Verizon’s $38.50-per-share merger.
This filing shows how a Frontier Communications Parent, Inc. director’s equity was treated when Verizon Communications Inc. completed its acquisition. On
Each outstanding Frontier share became a right to receive
The filing is primarily mechanical, documenting the closing terms already set in the merger agreement dated