FTDR.NASDAQFrontdoor, INC

Form 4: Frontdoor Inc. SVP & CFO Jessica P. Ross Reports Stock Transactions

Sentiment:

SEC Form 4

📋All filings for Frontdoor, INC
🔒Login to Follow

Jessica P. Ross, SVP & CFO of Frontdoor Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

  • On March 27, 2024, Jessica P. Ross, SVP & CFO of Frontdoor Inc., had restricted stock units vest and convert into 10,725 shares of common stock.
  • Ms. Ross also disposed of 5,790 shares of common stock at a price of $31.69 to cover tax liabilities related to the vesting of the restricted stock units.
  • Following these transactions, Ms. Ross directly owns 6,039 shares of Frontdoor Inc. common stock and 21,448 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment.

Future Outlook

The restricted stock units vest and settle in three equal installments on March 27, 2024, 2025 and 2026, subject to continued service with the Company.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, which is common practice and helps maintain transparency in the market.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they reflect routine insider activity.

Key Dates

DateDescription
03/27/2023Restricted stock units were granted.
03/27/2024Restricted stock units vest and convert into shares of common stock; shares withheld for tax liability.
03/29/2024Date of signature for the Form 4 filing.
03/27/2025Next vesting date for restricted stock units.
03/27/2026Final vesting date for restricted stock units.

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.