Schuller Steve 4
4 · Frontier Group Holdings, Inc. · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
Frontier (ULCC) SVP Steve Schuller Sells 5,000 Shares
What Happened
Steve Schuller, Senior Vice President of Human Resources at Frontier Group Holdings (ULCC), reported a small open‑market sale and the vesting of equity awards. On Feb 6, 2026 he sold 5,000 shares at $6.00 each for $30,000 under a pre‑existing 10b5‑1 plan. In connection with the partial vesting of Performance Stock Units (PSUs) on Feb 5, 2026, 2,536 shares were issued to him (no purchase price) and 1,109 shares were withheld to satisfy taxes (treated as a disposition valued at $5.65 per share, ~$6,266). The filing also shows 61,947 Restricted Stock Units (RSUs) reported as a derivative award.
Key Details
- Transaction dates: Feb 5–6, 2026; Form 4 filed Feb 9, 2026 (timely).
- Sales: 5,000 shares sold open market at $6.00 → $30,000 total (sold under a Rule 10b5‑1 plan adopted May 19, 2024).
- Tax withholding: 1,109 shares withheld at $5.65 → ~$6,266 to cover taxes upon PSU vesting.
- Awards: 2,536 shares issued from vested PSUs (no cash paid). 61,947 RSUs reported as derivative awards (no cash consideration).
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1—PSUs granted Feb 6, 2025 partially vested Feb 5, 2026; F2—shares withheld satisfied tax liability; F4/F5—each RSU equals one share and vests in three equal annual installments starting Feb 5, 2027.
Context
This filing combines routine insider activity: vesting of performance awards (resulting in issuance and tax withholding) and a planned open‑market sale under a 10b5‑1 plan. The sale is relatively small ($30k) and does not by itself imply a change in company outlook. The RSUs are contingent awards that vest over future years.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-05+2,536→ 101,035 total - Tax Payment
Common Stock
[F2]2026-02-06$5.65/sh−1,109$6,266→ 99,926 total - Sale
Common Stock
[F3]2026-02-06$6.00/sh−5,000$30,000→ 94,926 total - Award
Restricted Stock Units
[F4][F5]2026-02-05+61,947→ 61,947 total→ Common Stock (61,947 underlying)
Footnotes (5)
- [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]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 19, 2024.
- [F4]Each Restricted Stock Unit represents a contingent right to receive one share of Issuer Common Stock. The Restricted Stock Units have no expiration date.
- [F5]The Restricted Stock Units vest in three substantially equal annual installments beginning on February 5, 2027.