Form 4: Frontdoor CEO William Cobb Reports Stock Transactions
SEC Form 4 Filing
Frontdoor CEO William Cobb reports the vesting and disposal of restricted stock units to cover tax liabilities.
Summary
- William C. Cobb, CEO of Frontdoor, Inc., reported transactions involving Frontdoor's common stock.
- On March 25, 2025, Cobb vested 32,343 restricted stock units, which converted into shares of common stock.
- Simultaneously, 14,335 shares were withheld to cover tax liabilities at a price of $39.16 per share.
- Following these transactions, Cobb directly owns 93,043 shares of common stock.
- On March 27, 2025, Cobb vested 34,696 restricted stock units, which converted into shares of common stock.
- Simultaneously, 15,128 shares were withheld to cover tax liabilities at a price of $37.75 per share.
- Following these transactions, Cobb directly owns 112,611 shares of common stock.
- Cobb also indirectly owns 15,000 shares through the William & Carole Cobb 2000 Trust.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of previously granted stock units.
Key Dates
| Date | Description |
|---|---|
| 03/27/2023 | Date restricted stock units were granted that vest in three equal installments on March 27, 2024, 2025 and 2026. |
| 03/25/2024 | Date restricted stock units were granted that vest in three equal installments on March 25, 2025, 2026 and 2027. |
| 03/25/2025 | Vesting of 32,343 restricted stock units and withholding of 14,335 shares for tax liability. |
| 03/27/2025 | Vesting of 34,696 restricted stock units and withholding of 15,128 shares for tax liability. |
Keywords
Form 4, Frontdoor, William Cobb, Stock, Restricted Stock Units, Tax Liability, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.