Frontdoor CEO exercises RSUs; shares withheld for tax
Frontdoor, Inc. CEO William C. Cobb reported routine equity compensation activity involving restricted stock units that convert one-for-one into common shares.
Rhea-AI Filing Summary
Frontdoor, Inc. CEO William C. Cobb reported routine equity compensation activity involving restricted stock units that convert one-for-one into common shares. On March 25 and March 27, he exercised RSUs covering a total of 67,038 shares of common stock at a price of $0.00 per share. To cover tax liabilities tied to these vestings, 29,230 shares were withheld at prices of $59.25 and $55.84 per share. After these transactions, Cobb directly holds 168,516 shares of common stock and indirectly holds 15,000 shares through the William & Carole Cobb 2000 Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 34,696 | $0.00 | $0.00 |
| Exercise | Common Stock | 34,696 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 15,128 | $55.84 | $845K |
| Exercise | Restricted Stock Units | 32,342 | $0.00 | $0.00 |
| Exercise | Common Stock | 32,342 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 14,102 | $59.25 | $836K |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- 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 25, 2024 and vest and settle in three equal installments on March 25, 2025, 2026 and 2027, subject to continued service with the Company.
FAQ
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What insider transactions did Frontdoor (FTDR) CEO William C. Cobb report?
Were Frontdoor (FTDR) CEO William C. Cobb’s recent transactions open-market buys or sells?
What do the restricted stock unit conversions mean for Frontdoor (FTDR) CEO compensation?
How many restricted stock units did Frontdoor (FTDR) CEO William C. Cobb exercise?
AI-generated analysis. How Rhea-AI works. Not financial advice.