Fiarman Jeffrey 4
Research Summary
AI-generated summary
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.