Frontdoor, Inc. (FTDR) CRO exercises 10,000 options and sells 10,000 shares
Rhea-AI Filing Summary
Frontdoor, Inc. senior vice president and chief revenue officer Kathryn M. Collins reported an options exercise and share sale. On 10 August 2026, she exercised 10,000 stock options with a $26.42 exercise price, receiving 10,000 common shares, and then sold 10,000 common shares at $88.98 per share. Following the option exercise, she held 12,299 options directly. The exercised options were part of a 27 March 2023 non-qualified award with time- and performance-based vesting, tied to volume-weighted average price hurdles of $32.23, $35.14, and $38.31, and expiring on 27 March 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 10,000 shares ($626K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Collins Kathryn M
Role
SVP & Chief Revenue Officer
Sold
10,000 shs ($890K)
Approx. gross sale proceeds
$890K
Approx. exercise cost
$264K
Approx. pre-tax spread
$626K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Options (Right to Buy) F1 | 10,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,000 | $26.42 | $264K |
| Sale | Common Stock | 10,000 | $88.98 | $890K |
Holdings After Transaction:
Employee Stock Options (Right to Buy) — 12,299 shares (Direct);
Common Stock — 20,322 shares (Direct)
Footnotes (1)
- F1. Reflects non-qualified stock options with time- and performance-based vesting conditions awarded to the Reporting Person on March 27, 2023. The performance criteria vested in three performance tranches, each with a separate performance condition based on the volume-weighted average price of the Company's common stock on the NASDAQ of $32.23, $35.14 and $38.31, respectively, over any 20 consecutive trading-day period. The service condition was satisfied on March 27, 2024. The performance-vesting criteria was met on July 20, 2023, August 8, 2023 and August 2, 2024 for the first, second and third tranches of the award, respectively, as certified by the Compensation Committee of the Company's Board of Directors.
Key Figures
Options exercised: 10,000 shares
Option exercise price: $26.42 per share
Shares sold: 10,000 shares
+5 more
8 metrics
Options exercised
10,000 shares
Non-qualified stock options exercised on 10 August 2026
Option exercise price
$26.42 per share
Exercise price for 10,000 stock options granted 27 March 2023
Shares sold
10,000 shares
Common stock sale on 10 August 2026
Sale price
$88.98 per share
Price for sale of 10,000 common shares
Options remaining
12,299 options
Options directly held after the reported exercise
Option expiration
27 March 2033
Expiration date of the non-qualified stock option award
VWAP hurdle 1
$32.23
First performance tranche VWAP target over 20 consecutive trading days
VWAP hurdle 2 and 3
$35.14 and $38.31
Second and third performance tranche VWAP targets
Key Terms
non-qualified stock options, volume-weighted average price, performance-vesting criteria, Compensation Committee, +1 more
5 terms
non-qualified stock options financial
"Reflects non-qualified stock options with time- and performance-based vesting conditions"
Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.
volume-weighted average price financial
"based on the volume-weighted average price of the Company's common stock"
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.
performance-vesting criteria financial
"The performance-vesting criteria was met on July 20, 2023, August 8, 2023 and August 2, 2024"
Compensation Committee financial
"as certified by the Compensation Committee of the Company's Board of Directors"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
Employee Stock Options (Right to Buy) financial
"security_title": "Employee Stock Options (Right to Buy)""
FAQ
What did FTDR executive Kathryn M. Collins report in her latest Form 4?
Kathryn M. Collins reported exercising 10,000 stock options at $26.42 and selling 10,000 common shares at $88.98 on 10 August 2026, linked to a performance-based option grant from March 2023.
How many Frontdoor (FTDR) options did Kathryn M. Collins exercise and at what price?
She exercised 10,000 non-qualified stock options with an exercise price of $26.42 per share. These options were granted on 27 March 2023 and carried time- and performance-based vesting conditions with a final expiration date of 27 March 2033.
How many Frontdoor (FTDR) options does Kathryn M. Collins hold after this transaction?
After the reported transactions, she directly holds 12,299 stock options. These remaining options are from the same non-qualified award granted on 27 March 2023 and are scheduled to expire on 27 March 2033.
What were the performance vesting conditions on Kathryn M. Collins’ FTDR options?
The options vested in three tranches based on VWAP hurdles of $32.23, $35.14, and $38.31 over any 20 consecutive trading days. The performance criteria were certified as met on 20 July 2023, 8 August 2023, and 2 August 2024, respectively.
When were the service and performance conditions satisfied for Kathryn M. Collins’ FTDR award?
The service condition was satisfied on 27 March 2024. The performance-vesting criteria were met on 20 July 2023, 8 August 2023, and 2 August 2024 for the first, second, and third performance tranches, as certified by the Compensation Committee.
AI-generated analysis. How Rhea-AI works. Not financial advice.
