Form 4: Frontier Group Holdings Director Bernard L. Han Reports Stock Transactions
SEC Form 4
Director Bernard L. Han reports the vesting and conversion of restricted stock units into common stock, as well as the grant of additional restricted stock units.
Summary
- On May 23, 2024, Bernard L. Han, a director of Frontier Group Holdings, Inc., reported transactions involving restricted stock units (RSUs).
- 17,722 RSUs vested and were converted into 17,722 shares of common stock.
- Additionally, 24,955 new RSUs were granted to Han, which will vest on the earlier of May 23, 2025, or immediately prior to the next annual meeting of stockholders, contingent upon continued service.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, indicating a neutral sentiment.
Future Outlook
The newly granted RSUs will vest on the earlier of May 23, 2025, or immediately prior to the next annual meeting of stockholders after the grant date, subject to continued service of the Reporting Person through the vesting date.
Industry Context
This is a routine disclosure related to executive compensation and equity awards, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Vesting and conversion of 17,722 Restricted Stock Units into common stock. |
| 05/23/2024 | Grant of 24,955 Restricted Stock Units. |
| 05/23/2025 | Vesting date for the new Restricted Stock Units (or earlier if the next annual meeting occurs before this date). |
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