Schuller Steve 4
4 · Frontier Group Holdings, Inc. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Frontier (ULCC) SVP Steve Schuller Receives RSU Shares
What Happened
Steve Schuller, Senior Vice President of Human Resources at Frontier Group Holdings (ULCC), had 37,665 Restricted Stock Units (RSUs convert to shares) vest on Feb 1, 2026. The company withheld 16,478 shares to satisfy tax withholding at $4.64 per share (withheld value $76,458), leaving a net issuance of 21,187 shares to the reporting person. No shares were sold on the open market.
Key Details
- Transaction date: February 1, 2026; Form 4 filed February 3, 2026 (filing appears timely).
- Codes: M = exercise/conversion of derivative (RSU conversion to shares); F = shares withheld for tax withholding.
- Shares granted/converted: 37,665 RSUs → 37,665 shares issued.
- Shares withheld for taxes: 16,478 shares at $4.64 each = $76,458 withheld (not a sale by the insider).
- Net shares delivered to insider: 21,187 shares.
- Remaining RSUs: any remaining award fully vests on February 1, 2027 (per footnote).
- Shares owned after transaction: not disclosed in the filing.
Context
This was an award/vesting event (RSUs converting to common stock) with a cashless/net settlement for tax withholding — a routine administrative transaction rather than an open-market purchase or sale. For retail investors, vesting events increase insider holdings but tax-withholding by the issuer should not be interpreted as a sale signal.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-02-01+37,665→ 114,977 total - Tax Payment
Common Stock
[F3]2026-02-01$4.64/sh−16,478$76,458→ 98,499 total - Exercise/Conversion
Restricted Stock Units
[F2][F4]2026-02-01−37,665→ 37,665 total→ Common Stock (37,665 underlying)
Footnotes (4)
- [F1]Relates solely to the settlement of previously granted Restricted Stock Units upon vesting. No shares were sold by the Reporting Person.
- [F2]Each Restricted Stock Unit represents a contingent right to receive one share of Issuer Common Stock. The Restricted Stock Units have no expiration date.
- [F3]Represents shares of Issuer Common Stock withheld by the Issuer solely to satisfy tax withholding obligations in connection with the net issuance of shares of Issuer Common Stock delivered to the Reporting on February 1, 2026, from the vesting of Restricted Stock Units, and does not represent a sale by the Reporting Person.
- [F4]The remaining Restricted Stock Units fully vest on February 1, 2027.