Frontier Communications Parent (FYBR) insider equity cashed out at $38.50
Rhea-AI Filing Summary
Frontier Communications Parent, Inc. insider Mark D. Nielsen, the Chief Legal & Regulatory Officer, reported the automatic cash-out of his equity in connection with the company’s acquisition by Verizon Communications Inc. A Verizon subsidiary merged into Frontier on January 20, 2026, leaving Frontier as a wholly owned Verizon subsidiary, and each outstanding Frontier common share was converted into the right to receive $38.50 in cash per share.
Nielsen reported the disposition of 175,579 shares of common stock, followed by a separate disposition of 40,188 shares, leaving him with no directly held Frontier shares. In addition, 134,965 performance-based restricted stock units vested and were canceled at the merger, with the holder entitled to cash equal to the number of underlying shares multiplied by $38.50. Time-based restricted stock units tied to 40,188 shares similarly vested and were canceled for cash.
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Insights
Frontier’s sale to Verizon triggered a full cash-out of this officer’s equity at $38.50 per share.
The filing shows that a merger closed on January 20, 2026, where a Verizon subsidiary combined with Frontier Communications Parent, Inc. and Frontier became a wholly owned Verizon subsidiary. Under the merger terms, each outstanding Frontier common share was converted into a right to receive $38.50 in cash per share, without interest, which effectively ends Frontier’s status as a standalone public company.
For Chief Legal & Regulatory Officer Mark D. Nielsen, all directly held common stock and equity awards were settled in cash. He reported dispositions of 175,579 and 40,188 common shares, plus 134,965 performance-based restricted stock units, all tied to the $38.50 per-share cash value at closing. Time-based restricted stock units linked to 40,188 shares also vested and were canceled for cash at the same price, leaving him with no remaining Frontier equity post-transaction.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance-based Restricted Stock Unit | 134,965 | $0.00 | -- |
| Disposition | Common Stock | 175,579 | $0.00 | -- |
| Disposition | Common Stock | 40,188 | $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 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. 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.
