COBB WILLIAM C 4

What Happened

• William C. Cobb, CEO and Director of Frontdoor, had restricted stock units vest and convert into common shares. Two conversions were reported: 32,342 shares on 2026-03-25 and 34,696 shares on 2026-03-27. To cover tax liabilities on the vesting, 14,102 shares were withheld on 3/25 (valued at $59.25/share, $835,544) and 15,128 shares were withheld on 3/27 (valued at $55.84/share, $844,748). The total value of shares withheld for taxes was $1,680,292.

Key Details

• Transaction types: M = exercise/conversion of derivative (RSU vesting); F = shares withheld to pay tax liability.
• Vesting/conversion dates: 2026-03-25 (32,342 shares) and 2026-03-27 (34,696 shares).
• Shares withheld for taxes: 14,102 @ $59.25 = $835,544 (3/25) and 15,128 @ $55.84 = $844,748 (3/27); total withheld = 29,230 shares (~$1.68M).
• The derivative lines showing $0.00 reflect RSUs converting into shares (no cash exercise price).
• The RSUs were granted 2024-03-25 and vest in three equal installments (2025, 2026, 2027) per the filing.
• Post-transaction total shares owned by the reporting person are not specified in this Form 4.
• Filing timeliness: filing date 2026-03-27; no late filing indicated.

Context

• These transactions are vesting/settlement of restricted stock units rather than open-market purchases or voluntary sales. The F-code dispositions represent shares retained by the company to satisfy tax withholding obligations (a routine administrative step), not an open-market sale. For retail investors, vesting and tax-withholding events are standard compensation mechanics and do not by themselves signal a buy or sell opinion by the insider.