Frontier (FYBR) EVP equity converted and paid out in Verizon merger

Rhea-AI Filing Summary

Frontier Communications Parent, Inc. executive Veronica Bloodworth, EVP & Chief Network Officer, reported the treatment of her equity 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.

Bloodworth’s holdings of common stock and restricted stock units were either vested and canceled for cash at this per‑share amount or converted into restricted stock units of Verizon, using an exchange ratio equal to 38.5/39.7141. Performance-based restricted stock units tied to the 2024–2026 and 2025–2027 performance periods were settled in cash at $38.50 per underlying share based on actual performance through the effective time, while remaining unvested portions were converted into Verizon restricted stock units under substantially similar terms.

Insights

Equity compensation and M&A specialist

Executive equity is cashed out or rolled over as Frontier merges into Verizon.

The filing describes how Veronica Bloodworth’s Frontier equity was handled when Frontier became a wholly owned subsidiary of Verizon on January 20, 2026. Each Frontier share was converted into the right to receive $38.50 in cash. Her time-based restricted stock units granted in 2023, 2024 and part of 2025 vested at closing and were canceled for cash at this same per‑share price.

Remaining 2025 RSUs and portions of performance-based awards for the 2025–2027 period were converted into Verizon restricted stock units using an exchange ratio of 38.5/39.7141. Performance-based units tied to the 2024–2026 and prorated 2025–2027 periods paid out in cash at $38.50 per underlying share, based on actual performance at the effective time. Overall, this reflects standard executive equity treatment in a cash merger with partial rollover into acquirer equity.

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^*

Bloodworth Veronica

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Network Officer

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		310,491(1)	D	(2)	28,138	D
Common Stock	01/20/2026		D		14,882	D	(3)	13,256	D
Common Stock	01/20/2026		D		13,256	D	(4)	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(5)	$0	01/20/2026		D			112,959	(5)	(5)	Common Stock	112,959	$0	41,286	D
Performance-based Restricted Stock Unit(6)	$0	01/20/2026		D			41,286	(6)	(6)	Common Stock	41,286	$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 the time-based restricted stock units ("RSUs") previously granted on March 13, 2023 and March 13, 2024, as well as a prorated portion of the RSUs granted on March 12, 2025 ("2025 RSUs"), which at the Effective Time were vested and canceled and the holder thereof became entitled to receive an amount in cash equal to the number of Shares underlying such award multiplied by $38.50.

4. Represents the remaining portion of 2025 RSUs which, at the Effective Time, was converted into a number of unvested restricted stock units of Parent ("Parent RSUs") equal to the number of such RSUs multiplied by an exchange ratio equal to (38.5/39.7141), which was obtained by dividing the Merger Consideration by the five day volume weighted average price of Parent common stock ending with the second complete trading day immediately prior to the Effective Date (the "Exchange Ratio"). The Parent RSUs are subject to the same terms and conditions as applied to the RSUs prior to the Effective Time.

5. Represents the performance-based restricted stock units ("PSUs") previously granted in respect of the 2024-2026 performance period, as well as a prorated portion of the PSUs previously granted in respect of the 2025-2027 performance period ("2025-2027 PSUs"), which at the Effective Time were vested and canceled and the holder thereof became entitled to receive an amount in cash equal to the number of Shares underlying such award multiplied by $38.50, based on attainment of all applicable performance goals at the actual level of performance measured at the Effective Time.

6. Represents the remaining portion of 2025-2027 PSUs which, at the Effective Time, was converted into a number of Parent RSUs equal to the number of such PSUs, based on attainment of all applicable performance goals at the actual level of performance measured at the Effective Time, multiplied by the Exchange Ratio. The Parent RSUs are subject to the same terms and conditions as applied to the PSUs (excluding performance-based vesting conditions) prior to the Effective Time.

	/s/ Anne C. Meyer, under Power of Attorney	01/22/2026
	** Signature of Reporting Person	Date
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FAQ

What does the FYBR Form 4 filing show for executive Veronica Bloodworth?

The Form 4 shows how EVP & Chief Network Officer Veronica Bloodworth’s Frontier Communications Parent, Inc. equity was converted or cashed out when the company was acquired by Verizon on January 20, 2026.

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

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

How were FYBR time-based RSUs held by Veronica Bloodworth treated in the merger?

Time-based RSUs granted on March 13, 2023, March 13, 2024 and a prorated portion of the March 12, 2025 grant vested and were canceled at closing, with the holder entitled to cash equal to the number of underlying shares multiplied by $38.50.

What happened to the remaining 2025 RSUs of FYBR in connection with the Verizon deal?

The remaining portion of the 2025 RSUs was converted into Verizon restricted stock units, using an exchange ratio equal to 38.5/39.7141, and continues under the same terms and conditions as before the effective time.

How were FYBR performance-based stock units (PSUs) treated for Veronica Bloodworth?

PSUs for the 2024–2026 period and a prorated portion of 2025–2027 PSUs vested and were canceled, with cash paid based on the number of underlying shares multiplied by $38.50, using actual performance at the effective time. Remaining 2025–2027 PSUs were converted into Verizon restricted stock units using the same exchange ratio.

Is Veronica Bloodworth’s FYBR Form 4 a discretionary sale of shares?

No. The transactions reported reflect automatic conversion, vesting and cancellation of Frontier equity awards and shares at the merger effective time, rather than open‑market or discretionary sales.