Frontier (FYBR) CFO exits stock and PSUs for $38.50 per share in Verizon deal

Rhea-AI Filing Summary

Frontier Communications Parent, Inc. chief financial officer Scott C. Beasley reported the cash-out of his equity in connection with the company’s merger with Verizon Communications Inc. At the merger’s effective time on January 20, 2026, each share of Frontier common stock was automatically converted into the right to receive $38.50 in cash, without interest.

The filing shows dispositions of Frontier common stock in amounts of 251,225 shares and 69,249 shares, and the cancellation of 215,939 performance-based restricted stock units. Time-based RSUs and PSUs vested at closing and were canceled, with the holder entitled to cash equal to the number of underlying shares multiplied by $38.50. Following these transactions, the reported holdings in these securities were reduced to zero.

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^*

Beasley Scott C

(Last) (First) (Middle)

C/O FRONTIER COMMUNICATIONS PARENT, INC.

1919 MCKINNEY AVE

(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)
	Chief Financial 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		251,225(1)	D	(2)	69,249	D
Common Stock	01/20/2026		D		69,249	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
Performance-based Restricted Stock Unit(4)	$0	01/20/2026		D			215,939	(4)	(4)	Common Stock	215,939	$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 each outstanding time-based restricted stock unit ("RSUs") 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.

4. Represents each outstanding performance-based restricted stock units ("PSUs") 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 PSUs multiplied by $38.50, based on attainment of all applicable performance goals at the actual level of performance measured at the Effective Time.

	/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.
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FAQ

What insider activity did Frontier (FYBR) report in this Form 4?

The Form 4 reports that Scott C. Beasley, Frontier’s chief financial officer, disposed of Frontier common stock and performance-based restricted stock units in connection with the company’s merger on January 20, 2026.

How many Frontier common shares did the CFO dispose of?

The Form 4 lists dispositions of 251,225 shares of common stock in one line and 69,249 shares of common stock in another line, all reported as direct ownership.

What happened to the CFO’s performance-based restricted stock units (PSUs)?

The filing shows 215,939 performance-based RSUs were reported as disposed. At the merger effective time, these PSUs vested and were canceled in exchange for cash based on the underlying shares.

What cash amount did each Frontier (FYBR) share receive in the merger?

Each outstanding share of Frontier common stock was automatically converted into the right to receive $38.50 per share in cash, without interest, at the effective time of the merger.

Why were the CFO’s RSUs and PSUs canceled in this transaction?

According to the disclosure, each outstanding time-based RSU and performance-based PSU vested at the merger’s effective time and was canceled, with the holder entitled to cash equal to the number of underlying shares multiplied by $38.50.

Who acquired Frontier Communications Parent, Inc. in this merger?

The transaction was completed under a Merger Agreement among Frontier, Verizon Communications Inc. as the parent company, and France Merger Sub Inc., a wholly owned subsidiary of Verizon.