Wetzel Josh A 4

What Happened

• Josh A. Wetzel, Vice President & Chief Accounting Officer of Frontier Group Holdings (ULCC), had Restricted Stock Units (RSUs) vest on February 6 and February 8, 2026. The vesting resulted in the conversion of derivative awards into shares: gross issuances of 12,874 shares (4,635 on Feb 6; 3,337 and 4,902 on Feb 8). The company withheld 4,441 shares to satisfy tax withholding obligations (1,599 on Feb 6; 1,691 and 1,151 on Feb 8), leaving Wetzel with a net 8,433 shares. Withheld shares had reported values of $9,034, $11,025 and $7,505 respectively (total ~$27,564).
• These filings reflect settlement of RSUs upon vesting (not open-market sales). Several entries show derivative conversion (code M) with corresponding withholding entries (code F) to cover taxes; the $0.00 derivative “dispositions” reflect conversion of the award into shares rather than a cash sale.

Key Details

• Transaction dates: Feb 6, 2026 and Feb 8, 2026; filing date: Feb 10, 2026.
• Gross shares converted: 12,874; shares withheld for taxes: 4,441; net shares received: 8,433.
• Withheld-share values reported: $9,034 (1,599 @ $5.65), $11,025 (1,691 @ $6.52), $7,505 (1,151 @ $6.52); total ~$27,564.
• Shares owned after the transactions: not specified in the reported items.
• Footnotes: RSUs represent a contingent right to one common share each; the withheld shares were used solely to satisfy tax withholding and do not represent sales by Wetzel. The filing states the RSUs settled on these dates (footnotes indicate vesting/settlement and withholding details).
• Filing timeliness: Form 4 was filed on Feb 10, 2026, disclosing the Feb 6–8 transactions; the filing does not indicate a late-report status.

Context

• These transactions are the routine settlement of RSUs upon vesting. The derivative entries (M) show conversion/settlement of awards rather than option purchases or sales; withheld shares (F) are a cashless way to satisfy tax obligations, not market sales by the insider.
• For retail investors: award vesting increases an insider’s direct holdings but is not a market purchase signal; withheld shares reduce the net issued to the insider and are common practice for tax purposes.