Clerc Alexandre 4
4 · Frontier Group Holdings, Inc. · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
Frontier (ULCC) SVP Alexandre Clerc Receives PSUs; Shares Withheld for Taxes
What Happened
Alexandre Clerc, Senior Vice President, Customers at Frontier Group Holdings (ULCC), received equity awards that vested and were granted on Feb 5, 2026, and had 729 shares withheld/sold the next day to satisfy taxes. Specifically, 2,536 shares vested from Performance Stock Units (PSUs) (valued at $0 exercise price) and 61,947 Restricted Stock Units (RSUs) were recorded as newly granted (derivative awards). On Feb 6, 2026, 729 shares were disposed at $5.65 per share to satisfy withholding obligations, generating $4,119.
Key Details
- Transaction dates: Awards/vesting reported Feb 5, 2026; tax withholding disposal recorded Feb 6, 2026. Filing date: Feb 9, 2026.
- Awards/amounts: 2,536 vested PSUs (A) and 61,947 RSUs (A, derivative) — total 64,483 shares recorded on Feb 5, 2026.
- Tax withholding: 729 shares disposed (code F) at $5.65/share for $4,119 to satisfy taxes due upon PSU vesting.
- Footnotes of note:
- PSUs were granted Feb 6, 2025 and partially vested on Feb 5, 2026 after performance goals were partially met (F1).
- Shares withheld represent satisfaction of tax withholding obligations (F2).
- Each RSU converts to one share, has no expiration, and vests in three equal annual installments beginning Feb 5, 2027 (F3, F4).
- Shares owned after the transaction: not specified in the information provided in this summary.
- Filing timeliness: Form filed Feb 9, 2026; given the Feb 5–6 transactions this filing appears to be within the normal reporting window.
Context
This filing mainly documents equity compensation vesting (not an open-market purchase or a speculative sale). The PSU vesting reflects achievement of pre-set performance criteria; the 729-share disposal was a routine tax-withholding action (common when awards vest) rather than a discretionary sale for investment reasons. For investors, these entries signal executive compensation delivery rather than a straightforward insider buy/sell sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-05+2,536→ 43,212 total - Tax Payment
Common Stock
[F2]2026-02-06$5.65/sh−729$4,119→ 42,483 total - Award
Restricted Stock Units
[F3][F4]2026-02-05+61,947→ 61,947 total→ Common Stock (61,947 underlying)
Footnotes (4)
- [F1]On February 6, 2025, the reporting person was granted an award of Performance Stock Units ("PSUs"), which vest in the form of Common Stock based upon the Issuer's achievement of certain levels of total shareholder return relative to a pre-determined industry peer group. On February 5th, 2026, the Compensation Committee of the Issuer's Board of Directors determined that the performance goals had been partially met, resulting in the vesting of these shares.
- [F2]Represents shares withheld in satisfaction of taxes due upon the vesting of PSUs reported herein.
- [F3]Each Restricted Stock Unit represents a contingent right to receive one share of Issuer Common Stock. The Restricted Stock Units have no expiration date.
- [F4]The Restricted Stock Units vest in three substantially equal annual installments beginning on February 5, 2027.