Form 4: Frontier Group Holdings President James Dempsey Reports Stock Transactions
SEC Form 4 Filing
James Dempsey, President of Frontier Group Holdings, reports the vesting and settlement of restricted stock units, along with shares withheld for tax obligations.
Summary
- On October 16, 2024, James Dempsey, President of Frontier Group Holdings, reported transactions involving the company's common stock.
- 65,104 Restricted Stock Units (RSUs) vested and were settled, resulting in the acquisition of 65,104 shares.
- The company withheld 28,483 shares to cover tax obligations related to the RSU vesting at a price of $6 per share.
- Following these transactions, Dempsey directly owns 667,796 shares of Frontier Group Holdings.
- Dempsey also continues to hold 130,209 Restricted Stock Units, which vest in two equal annual installments starting October 16, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, with neutral sentiment.
Future Outlook
The remaining Restricted Stock Units will vest in two substantially equal annual installments beginning on October 16, 2025.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, providing transparency to investors regarding insider activity.
Stakeholder Impact
- Shareholders are informed about executive stock transactions, providing transparency into management's holdings.
Key Dates
| Date | Description |
|---|---|
| 10/16/2024 | Date of the reported transactions, including RSU vesting and tax withholding. |
| 10/16/2025 | First vesting date for the remaining Restricted Stock Units in two substantially equal annual installments. |
| 10/18/2024 | Date of the report filing. |
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.