Fiarman Jeffrey 4
4 · Frontdoor, Inc. · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
Frontdoor (FTDR) SVP Jeffrey Fiarman Exercises RSUs, Sells 3,250 Shares
What Happened
Jeffrey Fiarman, SVP & Chief Legal Officer of Frontdoor (FTDR), had 7,012 restricted stock units (RSUs vesting from a prior grant) convert into common shares on March 31, 2026. To cover tax withholding on the vesting, 3,250 of those shares were withheld/disposed at an implied value of $51.95 per share, totaling $168,838. Separately, he received a new grant of 14,914 RSUs on March 30, 2026 (no immediate cash value).
Key Details
- Transaction dates: RSU grant 2026-03-30 (14,914 units); vesting/conversion and withholding 2026-03-31 (7,012 units converted; 3,250 shares withheld).
- Withholding sale: 3,250 shares withheld at $51.95 = $168,838 (reported as tax withholding/disposition code F).
- Conversion: 7,012 derivative units converted into common shares (reported as exercise/conversion code M). Net shares received from this vesting = 7,012 − 3,250 = 3,762 shares.
- Footnotes: RSUs convert one-for-one on vesting (F1); the withheld shares cover tax liability (F2); the 14,914-unit grant (3/30/2026) vests in three equal annual installments 2027–2029 (F3); the vested units were from a 3/31/2025 grant that vests in three installments, one of which occurred 3/31/2026 (F4).
- Shares owned after the transactions are not specified in this filing.
- Filing: Form 4 filed 2026-04-01 (appears timely).
Context
This filing reflects routine equity compensation activity: RSUs vesting and shares withheld to satisfy tax obligations (a common administrative disposition), not an open-market sale that signals a discretionary monetization. The new 14,914 RSU grant is future compensation subject to multi-year vesting.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-31+7,012→ 36,093 total - Tax Payment
Common Stock
[F2]2026-03-31$51.95/sh−3,250$168,838→ 32,843 total - Award
Restricted Stock Units
[F1][F3]2026-03-30+14,914→ 14,914 total→ Common Stock (14,914 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-31−7,012→ 14,024 total→ Common Stock (7,012 underlying)
Footnotes (4)
- [F1]Reflects restricted stock units that upon vesting convert into shares of common stock on a one-for-one basis.
- [F2]Reflects shares withheld to cover the Reporting Person's tax liability incident to the vesting of restricted stock units.
- [F3]Each unit is the economic equivalent of one share of the Company's stock. The restricted stock units were granted on March 30, 2026 and will vest and settle in three equal installments on March 30, 2027, 2028 and 2029, subject to continued service with the Company.
- [F4]Each unit is the economic equivalent of one share of the Company's stock. The restricted stock units were granted on March 31, 2025 and will vest and settle in three equal installments on March 31, 2026, 2027 and 2028, subject to continued service with the Company.