Ganesh Balakrishnan A 4
Research Summary
AI-generated summary
Frontdoor (FTDR) CTO Ganesh Balakrishnan Receives RSU Award
What Happened
- Ganesh Balakrishnan, Senior Vice President & Chief Technology Officer of Frontdoor, received a grant of 13,982 restricted stock units (RSUs) on March 30, 2026. The reported acquisition price is $0.00 (no cash exchanged); the award is a derivative grant that will convert into common stock on a one-for-one basis upon vesting.
Key Details
- Transaction date and type: 2026-03-30 — Grant/Award (Code A), derivative RSUs reported at $0.00.
- Shares/units granted: 13,982 RSUs; total immediate cash value reported: $0.
- Vesting: RSUs vest and settle in three equal installments on March 30, 2027, 2028 and 2029, subject to continued service (per footnotes).
- Shares owned after transaction: Not specified in the provided Form 4 excerpt.
- Filing: Form 4 filed April 1, 2026 (covers period 2026-03-30) — appears to be timely.
- Footnotes: F1 — RSUs convert one-for-one to common stock on vesting. F2 — Units are economic equivalents of shares; grant date and vest schedule as above.
Context
- This was a time-based RSU grant (compensation/retention), not an open-market purchase or sale. Such awards are common for executives and reflect compensation rather than an immediate bullish or bearish market trade. The RSUs do not become actual shares until they vest per the schedule above.