COBB WILLIAM C 4

What Happened

• William C. Cobb, Chief Executive Officer and Director of Frontdoor, had restricted stock units (derivative awards) convert into 28,048 shares around March 30–31, 2026. To cover tax obligations, 12,229 shares were withheld at $51.95 per share, totaling $635,297 (disposition for tax withholding). Separately, the filing shows a grant of 61,521 restricted stock units on March 30, 2026 (no immediate cash value).

Key Details

• Transaction dates: March 30, 2026 (RSU grant); March 31, 2026 (conversion/exercise and tax withholding).
• Tax-withheld shares: 12,229 shares withheld at $51.95/share, proceeds reported as $635,297.
• Converted/acquired shares: 28,048 shares reported as converted/exercised from derivatives.
• New grant: 61,521 RSUs granted 3/30/2026 (see footnote for vesting schedule).
• Footnotes of note:
  • F1/F3/F4: These are restricted stock units (one-for-one on vesting). The 3/30/2026 grant vests in three equal installments on 3/30/2027–2029. A prior grant on 3/31/2025 vests in three equal installments beginning 3/31/2026.
  • F2: The 12,229-share disposition reflects shares withheld to satisfy tax withholding on vested RSUs.
• Shares owned after the transaction: Not specified in the provided excerpt of the filing.
• Filing timeliness: Form 4 was filed 2026-04-01 for transactions on 3/30–3/31/2026; the filing appears timely (no late filing noted).

Context

• This was not an open-market purchase or sale for cash but an RSU vesting/settlement event and related tax withholding (a common, routine corporate compensation action). The withholding of shares to satisfy taxes is a cashless/setoff settlement method and should not be read as a separate market sale expressing sentiment.