Iverson Evan 4

What Happened
Evan Iverson, Chief Operating Officer of Frontdoor, had restricted stock units (RSUs) vest on March 25 and March 27, 2026. The RSUs converted into 5,216 shares (3/25) and 3,785 shares (3/27), a total of 9,001 shares. To cover withholding for taxes, 1,427 shares were surrendered on 3/25 for $84,550 and 1,036 shares on 3/27 for $57,850 (total tax withholding = $142,400), leaving a net of 6,538 shares issued to Iverson. These entries are reported as exercise/conversion of derivative awards (code M) with tax withholding treated as a disposition (code F).

Key Details

• Transaction dates: March 25, 2026 (5,216 RSUs vested) and March 27, 2026 (3,785 RSUs vested). Tax-withholding disposals reported same dates.
• Withholding prices/values: 1,427 shares @ $59.25 = $84,550 (3/25); 1,036 shares @ $55.84 = $57,850 (3/27). Total withheld: $142,400.
• Net shares added to Iverson’s holdings (from these vestings): 6,538 shares (9,001 gross − 2,463 withheld).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1/F3 indicate these were RSUs that converted one-for-one on vesting and shares were withheld to cover tax liability; F2 notes 277 shares previously acquired under the 2019 ESPP are included in the ownership totals; F4 shows the RSUs were granted 3/25/2024 and vest in three equal installments (2025, 2026, 2027).
• Filing timeliness: Form 4 was filed on March 27, 2026, which is within the required two business days after the reported transactions.

Context
This transaction reflects routine vesting and net settlement of previously granted RSUs rather than an open-market buy or sale. The withholding of shares to cover tax obligations is common and does not necessarily indicate a buy or sell sentiment. The RSUs were granted March 25, 2024 and are part of a multi-year vesting schedule; no sale of newly vested shares on the open market was reported in this filing.