Schuller Steve 4

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.