Frontier (NASDAQ: FYBR) CAO reports 2023 PSU vesting and tax share withholding
Rhea-AI Filing Summary
Frontier Communications Parent, Inc. chief accounting officer William McGloin reported equity award activity involving the company’s common stock. On January 14, 2026, he acquired 2,965 shares at $0 upon vesting of performance-based stock units tied to the 2023-2025 performance period. On the same date, 1,374 shares were withheld by the company at $38.34 per share to cover taxes due upon this vesting. After these transactions, he directly held 17,077 shares of Frontier common stock.
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FAQ
What did Frontier Communications (FYBR) disclose in this Form 4?
The filing reports equity award activity for Chief Accounting Officer William McGloin, including the vesting of performance-based stock units and related tax share withholding in Frontier common stock.
How many Frontier (FYBR) shares did the CAO acquire in this transaction?
On January 14, 2026, the chief accounting officer acquired 2,965 shares of Frontier common stock at $0 upon vesting of 2023-2025 performance-based stock units.
Why were some Frontier (FYBR) shares sold or withheld in this Form 4?
The filing states that 1,374 shares of Frontier common stock were withheld by the company at $38.34 per share to cover taxes due upon vesting of the 2023 performance-based stock units.
How many Frontier (FYBR) shares does the CAO own after these transactions?
Following the reported transactions on January 14, 2026, the chief accounting officer directly owned 17,077 shares of Frontier Communications Parent, Inc. common stock.
What are the 2023 PSUs mentioned in the Frontier (FYBR) Form 4?
The 2023 PSUs are performance-based stock units granted for the 2023-2025 performance period, which vested on January 14, 2026, resulting in the issuance of 2,965 shares of common stock.
Is this Frontier (FYBR) Form 4 transaction an open-market sale by the CAO?
No. The filing describes shares issued upon vesting of performance-based stock units and shares withheld by the company for taxes, rather than a discretionary open-market sale by the officer.