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Frontier Communications Parent ( (FYBR) ) has shared an announcement.
Frontier Communications has announced the acceleration of vesting and payments of bonuses and stock units for its named executive officers in connection with its merger with Verizon Communications. This move, aimed at mitigating tax implications, ensures that compensation-related corporate tax deductions are preserved and reduces excise taxes for executives, reflecting a strategic financial maneuver as the company transitions to being a Verizon subsidiary.
More about Frontier Communications Parent
Frontier Communications Parent, Inc. is a telecommunications company that provides communication services, including high-speed internet, to residential and business customers across the United States.
YTD Price Performance: 36.74%
Average Trading Volume: 3,065,528
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $8.63B
For detailed information about FYBR stock, go to TipRanks’ Stock Analysis page.
