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Director exits Frontier (FYBR) stake as Verizon merger pays $38.50 a share

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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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Negative

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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 January 20, 2026, a merger subsidiary of Verizon combined with Frontier, leaving Frontier as a wholly owned subsidiary of Verizon, and triggering automatic cash conversion of the director’s shares.

Each outstanding Frontier share became a right to receive $38.50 in cash, with no interest, at the effective time. The director’s non-derivative holdings were fully disposed of in two line items, moving from 25,919 shares down to zero, consistent with a cash-out merger structure. Outstanding restricted stock units also vested and were canceled for cash equal to the underlying shares multiplied by $38.50.

The filing is primarily mechanical, documenting the closing terms already set in the merger agreement dated September 4, 2024. It confirms that post-closing, the reporting person no longer holds Frontier common stock, and that all equity interests referenced here were settled entirely in cash under the agreed per-share merger price.

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
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
Vemana Pratabkumar

(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 25,919(1) D (2) 4,517 D
Common Stock 01/20/2026 D 4,517 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the FYBR Form 4 filing by Vemana Pratabkumar report?

The filing reports that Frontier Communications Parent, Inc. director Vemana Pratabkumar disposed of all directly held common stock in connection with the completion of the company’s merger with Verizon Communications Inc. on January 20, 2026.

How were Frontier Communications (FYBR) shares treated in the Verizon merger?

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

How many FYBR shares did the director hold after the reported transactions?

After the reported merger-related transactions, the filing shows that Vemana Pratabkumar held 0 shares of Frontier Communications Parent, Inc. common stock directly.

What happened to Frontier Communications (FYBR) restricted stock units in the merger?

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

What transaction code is used in the FYBR Form 4 for these events?

The non-derivative transactions in the Form 4 use transaction code D, indicating dispositions of common stock in connection with the merger closing.

Who acquired Frontier Communications Parent, Inc. according to this filing?

According to the filing, Verizon Communications Inc., through its wholly owned subsidiary France Merger Sub Inc., merged with Frontier Communications Parent, Inc., leaving Frontier as a wholly owned subsidiary of Verizon at the effective time.
Frontier Communi

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