Ganesh Balakrishnan A 4
4 · Frontdoor, Inc. · Filed Jul 16, 2026
Research Summary
AI-generated summary of this filing
Frontdoor (FTDR) SVP/CTO Ganesh Balakrishnan Receives RSU Award
What Happened
- Ganesh Balakrishnan, Frontdoor's SVP & Chief Technology Officer, had restricted stock units (RSUs) vest and convert into common shares on July 14, 2026. A total of 20,110 RSUs converted into 20,110 shares. To cover tax withholding, 4,499 shares were surrendered at a withholding price of $74.79 per share, generating $336,480 in proceeds ($192,285 and $144,195 reported separately). The net result was receipt of 15,611 shares. These transactions reflect RSU vesting/conversion, not an open-market sale or purchase.
Key Details
- Transaction date: July 14, 2026; Form 4 filed July 16, 2026 (timely).
- Vesting/conversion: 20,110 RSUs converted into 20,110 shares (reported as derivatives exercised/converted).
- Tax withholding: 4,499 shares withheld at $74.79/share, totaling $336,480 (reported as "F" tax withholding disposition).
- Net shares received: 15,611.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: RSUs convert one-for-one to shares (F1); shares were withheld to cover tax liability (F2). Grants were originally made July 14, 2025 with vesting schedules noted in F3 and F4 (vesting in installments in 2026–2028 and 2026–2027).
- Filing Timeliness: Report appears timely (filed within two business days of the transaction).
Context
- This was RSU vesting and internal tax-withholding (a common, non-market sale transaction). The withholding is effectively a cashless method to satisfy tax obligations and does not necessarily indicate a change in the insider's view of the company. For retail investors, purchases are generally more indicative of bullish conviction than routine vesting/tax-withholding events.
Insider Transaction Report
Form 4
Frontdoor, Inc.FTDR
Ganesh Balakrishnan A
SVP & Chief Technology Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-07-14+5,746→ 17,153 total - Tax Payment
Common Stock
[F2]2026-07-14$74.79/sh−2,571$192,285→ 14,582 total - Exercise/Conversion
Common Stock
[F1]2026-07-14+4,309→ 18,891 total - Tax Payment
Common Stock
[F2]2026-07-14$74.79/sh−1,928$144,195→ 16,963 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-07-14−5,746→ 11,492 total→ Common Stock (5,746 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-07-14−4,309→ 4,310 total→ Common Stock (4,309 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 July 14, 2025 and vest and settle in three equal installments on July 14, 2026, 2027 and 2028, 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 July 14, 2025 and vest and settle in two equal installments on July 14, 2026 and 2027, subject to continued service with the Company.
Signature
/s/ Stephanie Delavale, as Attorney-In-Fact for Balakrishnan A. Ganesh|2026-07-16