Ganesh Balakrishnan A 4

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 Grants were originally made July 14, 2025 with vesting schedules noted in F3 and F4 (vesting in installments in 2026–2028 and 2026–2027).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.