Form 4: Frontier Group Holdings VP & CAO Josh A. Wetzel Reports Stock Transactions

Josh A. Wetzel, VP & CAO of Frontier Group Holdings, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On October 25, 2024, Josh A. Wetzel, VP & CAO of Frontier Group Holdings, had restricted stock units vest.
• 17,361 shares were acquired upon vesting of these units.
• 4,991 shares were withheld by the issuer to cover tax obligations at a price of $6.98 per share.
• Wetzel now directly owns 13,422 shares of common stock following these transactions.
• The remaining restricted stock units will vest in two equal annual installments starting October 25, 2025.
• No shares were sold by the reporting person.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Positives

• The vesting of restricted stock units indicates a form of compensation and alignment of interests between the executive and the company's performance.

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 is common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units as a way to incentivize performance and align executive interests with shareholder value.
• The vesting schedules and tax withholding practices are standard across the industry.

Key Dates