Nick Jeffery - Dec 19, 2024 Form 4 Insider Report for Frontier Communications Parent, Inc. (FYBR)

Signature
/s/ Mark D. Nielsen, under Power of Attorney
Stock symbol
FYBR
Transactions as of
Dec 19, 2024
Transactions value $
-$11,315,260
Form type
4
Date filed
12/23/2024, 06:00 PM
Previous filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FYBR Common Stock Award $0 +501K +59.2% $0.00 1.35M Dec 19, 2024 Direct F1
transaction FYBR Common Stock Award $0 +167K +12.38% $0.00 1.51M Dec 19, 2024 Direct F2
transaction FYBR Common Stock Tax liability -$6.85M -197K -13.02% $34.75 1.32M Dec 19, 2024 Direct F3
transaction FYBR Common Stock Tax liability -$2.28M -65.7K -4.98% $34.75 1.25M Dec 19, 2024 Direct F4
transaction FYBR Common Stock Tax liability -$2.18M -62.8K -5.01% $34.75 1.19M Dec 19, 2024 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents target number of performance-based restricted shares granted under the Company's 2024 Management Incentive Plan (the "Performance-Based Restricted Shares"). Performance-Based Restricted Shares are eligible to vest based on performance measured at the end of the 2023-2025 performance period, or otherwise in accordance with the terms and conditions of the applicable award agreement.
F2 Represents number of shares of common stock acquired by the reporting person upon the vesting of the "target" number of performance-based stock units previously granted in respect of the 2022-2024 performance period ("2022 Target PSUs"). The 2022 Target PSUs were vested on December 19, 2024.
F3 Represents shares withheld by the Company to cover taxes incurred by the reporting person in connection with an 83(b) election made by the reporting person in respect of the Performance-Based Restricted Shares.
F4 Represents shares withheld by the Company to cover taxes upon vesting of the 2022 Target PSUs.
F5 Represents shares withheld by the Company to cover taxes upon vesting of time-based restricted stock units previously granted, which vested on December 19, 2024.