Fiarman Jeffrey 4

What Happened Jeffrey Fiarman, Senior Vice President and Chief Legal Officer at Frontdoor (FTDR), had restricted stock units (RSUs) vest and convert into 17,287 shares of common stock (7,824 on 2026-03-25 and 9,463 on 2026-03-27). To cover tax withholding obligations, 3,626 shares (on 3/25) and 4,386 shares (on 3/27) were withheld, generating reported values of $214,841 and $244,914 respectively (total ≈ $459,755). The filing shows the RSU derivatives were extinguished (reported as $0 proceeds for the derivative itself) upon conversion.

Key Details

• Transaction dates: 2026-03-25 (7,824 shares converted; 3,626 shares withheld at $59.25 each = $214,841) and 2026-03-27 (9,463 shares converted; 4,386 shares withheld at $55.84 each = $244,914).
• Net shares acquired (gross converted minus withheld): 17,287 converted − 8,012 withheld = 9,275 shares delivered to the reporting person.
• Footnotes: F1/F3 indicate these were restricted stock units granted 2024-03-25 that vest in three equal annual installments (2025, 2026, 2027). F2 notes shares were withheld to cover tax liability.
• Derivative entries: The RSUs (derivatives) were converted/settled (coded M); the derivative lines show $0 because the units convert one-for-one into common shares without an exercise price.
• Filing: Report filed 2026-03-27. This appears to be timely under Form 4 reporting rules (within two business days of the reported vesting/conversion dates).
• Shares owned after the transactions: not stated in the provided filing details.

Context This was not an open-market sale or purchase but a routine RSU vesting with net share withholding to satisfy tax obligations (a common practice). Such withholding reduces the number of shares delivered to the insider and does not necessarily indicate a trading decision for or against the company.