Schuller Steve 4

What Happened Steve Schuller, Senior Vice President, Human Resources at Frontier Group Holdings (ULCC), had Restricted Stock Units (RSUs) vest on February 6 and February 8, 2026. The filing reports conversion/exercise of a total of 21,775 RSUs into common shares (reported as derivative exercises, code M). The issuer withheld 9,526 shares to satisfy tax withholding obligations (code F), with withholding amounts of $35,646 (6,309 shares), $17,271 (2,649 shares), and $3,703 (568 shares) on the respective dates — total withholding ≈ $56,620. Net shares delivered to Schuller after withholding were about 12,249. The $0.00 disposal entries reflect conversion/settlement of RSUs, not open-market sales.

Key Details

• Transaction dates: Feb 6, 2026 and Feb 8, 2026. Form filed on Feb 10, 2026.
• Shares converted (total): 21,775 (14,421 on Feb 6; 6,055 and 1,299 on Feb 8).
• Shares withheld for taxes (total): 9,526 (6,309; 2,649; 568), total tax withholding ≈ $56,620.
• Net shares issued to insider: ~12,249.
• Reported prices: withholding values priced at $5.65 (Feb 6) and $6.52 (Feb 8); conversions shown at $0.00 (reflecting RSU settlement).
• Footnotes: filings state these entries relate to RSU vesting and tax withholding (F1–F4). Footnotes also indicate remaining vesting details (F5–F6) — see below.
• Shares owned after transaction: not specified in the provided summary.
• Filing timeliness: Form filed Feb 10, 2026. (Filing date is shown; no late-filing flag noted in the provided data.)

Context

• Code meanings: M = exercise/conversion of a derivative (here, RSU settlement); F = shares withheld to satisfy tax withholding. The withheld shares were retained by the issuer to cover taxes and do not represent open-market sales by the insider.
• Vesting schedule notes from the filing: some footnotes state remaining RSUs vest in two substantially equal annual installments beginning Feb 6, 2027 (F5), while another footnote indicates the Restricted Stock Units have fully vested as of Feb 8, 2026 (F6). The filing should be consulted directly for which specific awards each footnote applies to.
• Takeaway for investors: this is an award settlement (RSU vesting) and routine tax withholding, not an insider selling shares on the open market. Purchases/sales that signal a change in insider conviction are not present here.