Form 4: Frontier Group Holdings SVP & CIO Rajat Khanna Reports Stock Transactions
SEC Form 4
Rajat Khanna, SVP & CIO of Frontier Group Holdings, reports the vesting and settlement of restricted stock units, along with associated tax withholding.
Summary
- On October 25, 2024, Rajat Khanna, SVP & CIO of Frontier Group Holdings, settled 52,083 restricted stock units (RSUs).
- These RSUs converted into 52,083 shares of common stock.
- 20,957 shares were withheld by the issuer to cover tax obligations at a price of $6.98 per share.
- Following these transactions, Khanna directly owns 90,773 shares of common stock and 104,167 restricted stock units.
- The remaining RSUs vest in two equal annual installments starting October 25, 2025.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects routine executive compensation activity.
Future Outlook
The remaining Restricted Stock Units vest in two substantially equal annual installments beginning on October 25, 2025.
Industry Context
This is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Stakeholder Impact
- The transaction affects the ownership structure of the company.
- The tax withholding impacts the company's cash flow.
Key Dates
| Date | Description |
|---|---|
| 10/25/2024 | Date of RSU settlement and tax withholding. |
| 10/25/2025 | Start date for the remaining RSUs to vest in two substantially equal annual installments. |
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