Stedke Trevor J. 4
Research Summary
AI-generated summary
Frontier (ULCC) Sr. VP Trevor Stedke Receives RSU Shares
What Happened
- Trevor J. Stedke, Senior Vice President, Operations at Frontier Group Holdings (ULCC), received 26,676 shares of common stock through the vesting/conversion of Restricted Stock Units (RSUs) on February 6 and February 8, 2026.
- To satisfy tax withholding obligations, the issuer withheld 6,309 shares on Feb 6 (withholding value $35,646 at $5.65/share) and 5,361 shares on Feb 8 (withholding value $34,954 at $6.52/share), totaling 11,670 shares withheld (~$70,600). Net shares delivered to Stedke were 15,006 shares.
- These were not open-market sales by the reporting person; the filings reflect RSU vesting (derivative conversion) and share withholding for taxes.
Key Details
- Transaction dates: Feb 6, 2026 and Feb 8, 2026.
- Shares acquired via conversion/vesting (code M): 14,421 (Feb 6) and 12,255 (Feb 8) — total 26,676 shares.
- Shares withheld for tax (code F): 6,309 @ $5.65 = $35,646 (Feb 6); 5,361 @ $6.52 = $34,954 (Feb 8); total withheld = 11,670 shares (~$70,600).
- Net shares received after withholding: 15,006 shares.
- Footnotes: F1–F4 state vesting of RSUs and that withheld shares were solely to satisfy tax obligations (not sales). F2 notes each RSU equals one share and has no expiration. F5/F6 reference vesting schedules (the filing notes both remaining-installment vesting language and that certain RSUs vested as of Feb 8, 2026).
- Shares owned after transaction: not disclosed in the provided data.
- Filing: Report filed Feb 10, 2026; no late filing indication in the provided information.
Context
- Code M entries reflect the conversion/settlement of RSUs into common shares. The $0 "disposed" entries for those conversions indicate derivative conversion rather than an open-market sale.
- Code F entries reflect shares withheld by the company to cover tax withholding obligations (commonly done as a "net issuance" or cashless withholding) and are not evidence of a sale by the insider.
- For retail investors: this activity is routine compensation vesting (not a purchase), so it signals management receiving equity rather than buying more stock.