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Director Pusey sells Frontier (FYBR) stake in Verizon cash merger

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

Rhea-AI Filing Summary

Frontier Communications Parent, Inc. director Stephen Charles Pusey reported the automatic cash-out of his shares in connection with the company’s merger with Verizon. On January 20, 2026, Frontier became a wholly owned subsidiary of Verizon when France Merger Sub Inc. merged into Frontier under a Merger Agreement dated September 4, 2024.

At the merger’s effective time, each outstanding share of Frontier common stock was converted into the right to receive $38.50 in cash per share, without interest. Pusey’s Form 4 shows dispositions of 9,893 and then 28,169 common shares, leaving him with no shares directly owned after the transaction. Each outstanding restricted stock unit vested and was canceled at closing, with holders entitled to cash equal to the number of underlying shares multiplied by $38.50.

Positive

  • None.

Negative

  • None.
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*
PUSEY STEPHEN CHARLES

(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 9,893(1) D (2) 28,169 D
Common Stock 01/20/2026 D 28,169 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 insider activity did the Frontier Communications (FYBR) Form 4 report?

The Form 4 reports that director Stephen Charles Pusey disposed of his Frontier Communications Parent, Inc. common stock in connection with the company’s merger with Verizon, ending with 0 shares directly owned after the transaction.

How many Frontier Communications shares did Stephen Charles Pusey dispose of?

Stephen Charles Pusey reported dispositions of 9,893 shares of Frontier Communications common stock and then a further 28,169 shares on January 20, 2026, leaving no directly owned shares after the merger closed.

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

At the merger’s effective time, each outstanding share of Frontier Communications common stock was automatically converted into the right to receive $38.50 in cash per share, without interest, under the Merger Agreement.

What happened to Frontier Communications restricted stock units (RSUs) held at closing?

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

What corporate event triggered the transactions in this Frontier Communications Form 4?

The transactions were triggered when France Merger Sub Inc. merged with and into Frontier Communications Parent, Inc., making Frontier a wholly owned subsidiary of Verizon Communications Inc. upon consummation of the merger on January 20, 2026.

What is Stephen Charles Pusey’s relationship to Frontier Communications after the reported Form 4 transactions?

Stephen Charles Pusey is identified as a director of Frontier Communications Parent, Inc. in the Form 4, and following the reported merger-related dispositions, he directly owned no shares of Frontier common stock.
Frontier Communi

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9.64B
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Telecom Services
Telephone Communications (no Radiotelephone)
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United States
DALLAS