Frontdoor COO gets 13,982 RSUs, withholds shares for tax
Frontdoor, Inc. SVP & COO Evan Iverson reported equity compensation activity and related tax withholding.
Rhea-AI Filing Summary
Frontdoor, Inc. SVP & COO Evan Iverson reported equity compensation activity and related tax withholding. On March 30, 2026, he received a grant of 13,982 restricted stock units, each economically equivalent to one share of common stock, scheduled to vest in three equal installments on March 30 of 2027, 2028 and 2029, subject to continued service.
On March 31, 2026, previously granted restricted stock units vested and converted into 6,574 shares of common stock. To cover tax obligations from this vesting, 1,798 shares were withheld at $51.95 per share rather than sold in the market. After these transactions, Iverson directly owns 18,190 shares of common stock and holds 13,982 restricted stock units that will vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,574 shares exercised/converted
Exercise
4 txns
Insider
Iverson Evan
Role
SVP & Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,574 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,574 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,798 | $51.95 | $93K |
| Grant/Award | Restricted Stock Units | 13,982 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 27,129 contracts (Direct);
Common Stock — 18,190 shares (Direct)
Footnotes (4)
- F1. Reflects restricted stock units that upon vesting convert into shares of common stock on a one-for-one basis.
- F2. Reflects shares withheld to cover the Reporting Person's tax liability incident to the vesting of restricted stock units.
- F3. Each unit is the economic equivalent of one share of the Company's stock. The restricted stock units were granted on March 30, 2026 and will vest and settle in three equal installments on March 30, 2027, 2028 and 2029, subject to continued service with the Company.
- F4. Each unit is the economic equivalent of one share of the Company's stock. The restricted stock units were granted on March 31, 2025 and will vest and settle in three equal installments on March 31, 2026, 2027 and 2028, subject to continued service with the Company.
Key Figures
New RSU grant: 13,982 restricted stock units
RSUs vested and converted: 6,574 shares
Shares withheld for taxes: 1,798 shares at $51.95
+2 more
5 metrics
New RSU grant
13,982 restricted stock units
Granted March 30, 2026; vests in three annual installments
RSUs vested and converted
6,574 shares
Restricted stock units converted into common stock on March 31, 2026
Shares withheld for taxes
1,798 shares at $51.95
Withheld to cover tax liability on RSU vesting
Common stock owned after transactions
18,190 shares
Direct ownership after March 31, 2026 transactions
Outstanding RSUs after grant
13,982 units
RSUs scheduled to vest in 2027, 2028 and 2029
Key Terms
Restricted Stock Units, tax liability, economic equivalent, vest and settle
4 terms
Restricted Stock Units financial
"Reflects restricted stock units that upon vesting convert into shares of common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"Reflects shares withheld to cover the Reporting Person's tax liability incident to the vesting"
economic equivalent financial
"Each unit is the economic equivalent of one share of the Company's stock"
vest and settle financial
"The restricted stock units were granted ... and will vest and settle in three equal installments"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did FTDR executive Evan Iverson report on this Form 4?
Evan Iverson reported a grant of 13,982 restricted stock units, the vesting and conversion of 6,574 restricted stock units into common shares, and the withholding of 1,798 shares to satisfy related tax obligations on the vesting event.
What restricted stock unit grant did FTDR’s SVP & COO receive on March 30, 2026?
On March 30, 2026, Evan Iverson received a grant of 13,982 restricted stock units, each economically equivalent to one share of Frontdoor common stock. These units will vest and settle in three equal installments in 2027, 2028 and 2029, subject to continued service.
How were taxes handled on Evan Iverson’s FTDR restricted stock unit vesting?
Taxes were covered by withholding shares rather than a market sale. When restricted stock units vested and converted into common stock, 1,798 shares were withheld at $51.95 per share to satisfy Iverson’s tax liability incident to the vesting.
What future vesting schedule applies to Evan Iverson’s new FTDR restricted stock units?
The 13,982 restricted stock units granted on March 30, 2026 will vest and settle in three equal installments on March 30, 2027, March 30, 2028 and March 30, 2029, provided Evan Iverson continues his service with Frontdoor throughout that period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
