Form 4: Frontier Group Holdings CEO Barry Biffle Reports Stock Transactions
SEC Form 4 Filing
CEO Barry Biffle reports the vesting and settlement of restricted stock units and exercise of stock options, resulting in changes to his beneficial ownership of Frontier Group Holdings stock.
Summary
- On January 30, 2025, Barry Biffle exercised stock options to acquire 30,000 shares of Frontier Group Holdings common stock at a price of $3.9184 per share.
- On February 3, 2025, 60,992 restricted stock units (RSUs) vested and were settled.
- The company withheld 26,684 shares to cover tax obligations related to the RSU vesting at a price of $8.43.
- Following these transactions, Biffle directly owns 1,281,125 shares of common stock.
- Biffle also indirectly owns 48,949 shares through a family trust and 158,975 shares through his spouse.
- He also directly owns 309,580 stock options.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions related to executive compensation. There is no indication of positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
- The transactions impact the CEO's holdings in the company.
Key Dates
| Date | Description |
|---|---|
| 01/30/2025 | Exercise of stock options for 30,000 shares. |
| 02/03/2025 | Vesting of 60,992 Restricted Stock Units and tax withholding. |
| 02/03/2025 | Date of report signature. |
| 03/15/2026 | Expiration date of stock options. |
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