Form 4: Frontdoor Inc. Executive Kathryn M. Collins Reports Stock Transactions
SEC Form 4 Filing
Kathryn M. Collins, SVP & Chief Revenue Officer of Frontdoor Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On June 9, 2024, Kathryn M. Collins, SVP & Chief Revenue Officer of Frontdoor Inc., had restricted stock units vest and convert into 5,426 shares of common stock.
- 2,445 shares were withheld to cover the reporting person's tax liability at a price of $35.43.
- Following these transactions, Collins directly owns 9,429 shares of common stock and 5,427 restricted stock units.
Sentiment
Score: 5
Explanation: This is a standard regulatory filing related to executive compensation, with neutral sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units impacts the executive's ownership stake in the company.
- Tax withholding affects the company's cash flow.
Key Dates
| Date | Description |
|---|---|
| 06/09/2022 | Restricted stock units were granted. |
| 06/09/2023 | First vesting date of restricted stock units. |
| 06/09/2024 | Second vesting date of restricted stock units; stock and tax withholding transaction date. |
| 06/09/2025 | Final vesting date of restricted stock units. |
| 06/11/2024 | Date of Form 4 filing. |
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