Form 4: Frontdoor Inc. Executive Jeffrey Fiarman Reports Stock Transactions

Jeffrey Fiarman, SVP, CLO & Secretary of Frontdoor Inc., reports acquisition and disposal of common stock and restricted stock units on March 29, 2024.

Summary

• On March 29, 2024, Jeffrey Fiarman, SVP, CLO & Secretary of Frontdoor Inc., engaged in transactions involving the company's stock.
• These transactions included the vesting of 2,356 restricted stock units, which convert into common stock on a one-for-one basis.
• Shares were withheld to cover tax liabilities related to the vesting of these restricted stock units, totaling 1,092 shares at a price of $32.58.
• Additionally, 4,806 performance share units were acquired, representing 68% of the target PSUs awarded on March 29, 2021, based on performance measured as of December 31, 2023.
• Another 2,228 shares were withheld to cover tax liabilities related to the vesting of these performance share units at a price of $32.58.
• Following these transactions, Fiarman directly owns 26,823 shares of Frontdoor Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The vesting of restricted stock units and performance share units indicates that the executive is being compensated, which can be seen as a positive sign.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• Shareholders may be interested in these transactions as they provide insight into executive compensation and ownership.

Key Dates