Frontier (FYBR) director exits 11,509 shares as Verizon merger closes
Rhea-AI Filing Summary
Frontier Communications Parent, Inc. director Young George Haywood III reported the disposition of 11,509 shares of common stock on January 20, 2026, reducing his reported beneficial ownership to zero shares. The transaction occurred at the same time that France Merger Sub Inc., a wholly owned subsidiary of Verizon Communications Inc., merged with and into Frontier Communications Parent, Inc., leaving Frontier as a wholly owned subsidiary of Verizon under a previously signed Merger Agreement.
The filing also explains that each outstanding restricted stock unit vested and was canceled at the merger’s effective time, with holders entitled to receive a cash payment equal to the number of underlying Frontier common shares multiplied by $38.50 per share.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 11,509 | $0.00 | -- |
Footnotes (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"). 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 of Issuer common stock underlying such RSUs multiplied by $38.50.
FAQ
What insider transaction did FYBR director Young George Haywood III report?
Young George Haywood III reported the disposition of 11,509 shares of Frontier Communications Parent, Inc. common stock on January 20, 2026, leaving him with zero shares beneficially owned following the transaction.
How is Verizon involved in this Frontier Communications (FYBR) Form 4 filing?
The filing notes that, under a Merger Agreement, France Merger Sub Inc., a wholly owned subsidiary of Verizon Communications Inc., merged with and into Frontier Communications Parent, Inc., with Frontier surviving as a wholly owned subsidiary of Verizon at the merger’s effective time on January 20, 2026.
What happened to Frontier Communications (FYBR) restricted stock units at the merger effective time?
Each outstanding restricted stock unit (RSU) vested and was canceled at the effective time of the merger. Holders became entitled to receive cash equal to the number of underlying Frontier common shares multiplied by $38.50 per share.
What role does Young George Haywood III have at Frontier Communications Parent, Inc. (FYBR)?
According to the filing, Young George Haywood III is a director of Frontier Communications Parent, Inc. and is not listed as an officer or 10% owner.