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Frontier Group Holdings, Inc.·4

Feb 9, 4:29 PM ET

Wetzel Josh A 4

Research Summary

AI-generated summary

Updated

Frontier (ULCC) VP & CAO Josh Wetzel Receives Awards, Exercises Derivatives

What Happened

  • Josh Wetzel, Vice President & Chief Accounting Officer of Frontier Group Holdings (ULCC), had equity awards vest and converted/exercised derivatives. Reported activity shows 4,619 shares from a derivative exercise/conversion plus grant/award issuances of 815 RSUs and 22,124 PSUs (total reported gross issuance 27,558 shares). The company withheld 1,874 shares to cover tax obligations (1,593 shares at $5.85 = $9,319; 281 shares at $5.65 = $1,588), resulting in a net issuance of about 25,684 shares to Wetzel. No open-market sale by the reporting person was indicated.

Key Details

  • Dates: Transactions reported for Feb 5, 2026 (primary vesting/conversion) and Feb 6, 2026 (tax withholding on 281 shares).
  • Exercise/conversion: 4,619 shares (derivative conversion/exercise).
  • Awards/grants: 815 RSUs and 22,124 PSUs reported as acquired/awarded.
  • Tax withholding (dispositions reported as "F"): 1,593 shares @ $5.85 (=$9,319) and 281 shares @ $5.65 (=$1,588); total tax withholding ≈ $10,907.
  • Net shares received (approx): 27,558 gross − 1,874 withheld = 25,684 shares.
  • Footnotes of note:
    • RSUs settled upon vesting; each RSU equals one share (no sale by the reporting person).
    • PSUs granted Feb 6, 2025 partially vested per the Compensation Committee’s determination (performance-based).
    • Withheld shares represent tax withholding, not open-market sales.
  • Shares owned after the transaction: Not specified in the filing.
  • Filing timeliness: Form filed Feb 9, 2026; this appears to be within the two-business-day window and thus timely.

Context

  • These transactions reflect compensation-related vesting and derivative conversion/settlement rather than an open-market purchase or deliberate sale; withheld shares were used to satisfy tax obligations (common in net share settlement). Performance Stock Units (PSUs) vested only to the extent performance goals were met, per the footnotes. Such insider award vesting is routine compensation and should not be taken alone as a buy/sell signal.