Frontdoor (FTDR) SVP Kathryn Collins Exercises Options, Sells Shares

What Happened
Kathryn M. Collins, SVP & Chief Revenue Officer of Frontdoor, exercised stock options and sold shares on August 10, 2026. She exercised 10,000 options at an exercise price of $26.42 (cost $264,200) and sold 10,000 shares in an open-market transaction at $88.98 for total proceeds of $889,800. The filing also records a separate derivative conversion of 10,000 shares shown as disposed for $0.

Key Details

• Transaction date(s): 2026-08-10. Sale price: $88.98 (10,000 shares; $889,800). Exercise price: $26.42 (10,000 options; $264,200). Separate derivative conversion of 10,000 shares recorded as disposed at $0.
• Filing date: 2026-08-12 — appears timely relative to the 2-business-day reporting rule.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote (F1): These were non-qualified stock options awarded 3/27/2023 with time- and performance-based vesting. Service vesting satisfied 3/27/2024; performance tranches certified as met on 7/20/2023, 8/8/2023 and 8/2/2024.
• The filing does not explain the $0 disposal entry for the derivative conversion.

Context
Because the exercise and the open-market sale occurred the same day, the transactions function like a cashless exercise (option exercise followed by immediate sale). Sales by corporate executives are often routine (tax or liquidity reasons) and do not by themselves indicate company performance; the filing provides no explanation for the $0-valued derivative disposal.