Frontier (FYBR) director exits stake as Verizon buyout pays $38.50
Rhea-AI Filing Summary
Frontier Communications Parent, Inc. director Pamela L. Coe reported that all of her common stock in the company was eliminated in connection with its merger into a Verizon Communications Inc. subsidiary. On January 20, 2026, Frontier became a wholly owned subsidiary of Verizon under a previously signed merger agreement.
At the merger’s effective time, each outstanding share of Frontier common stock was automatically converted into the right to receive $38.50 in cash per share, without interest. Each outstanding restricted stock unit held by insiders also vested and was canceled, with holders entitled to a cash payment equal to the number of underlying shares multiplied by $38.50.
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Insights
Director’s Frontier equity is cashed out at $38.50 per share in Verizon’s completed acquisition.
The filing shows that Pamela L. Coe, a director of Frontier Communications Parent, Inc., had her common stock position fully terminated as part of the closing of the merger with a Verizon subsidiary on January 20, 2026. The transactions are coded as disposals but occur at a stated per‑share cash value of $38.50 under the merger agreement, rather than open-market sales.
Footnotes state that every outstanding share of Frontier common stock converted into the right to receive $38.50 in cash, and that each restricted stock unit vested and was canceled for cash equal to the number of underlying shares times $38.50. This indicates all equity for this director transitioned into cash consideration consistent with the change of control, making the activity a mechanical outcome of the acquisition rather than a discretionary trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 20,378 | $0.00 | -- |
| Disposition | Common Stock | 21,664 | $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"). 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. 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.