Frontdoor (NASDAQ: FTDR) director receives 2,836 deferred share equivalents in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Boland Darrin Steve reported acquisition or exercise transactions in this Form 4 filing.
Frontdoor, Inc. director Darrin Steve Boland received an equity award of 2,836 shares of common stock-equivalent units. These Deferred Share Equivalents were issued at $0.00 per share under the Frontdoor, Inc. 2018 Omnibus Incentive Plan and are fully vested.
The filing shows that Boland now directly holds 23,391 shares of Frontdoor common stock after this grant, and indirectly holds an additional 5,000 shares through the Darrin Steve Boland Revocable Trust. The DSEs will be settled in shares at a future date based on his deferral election.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Boland Darrin Steve
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,836 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,391 shares (Direct, null);
Common Stock — 5,000 shares (Indirect, Darrin Steve Boland Revocable Trust)
Footnotes (1)
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Key Figures
Deferred Share Equivalents granted: 2,836 units
Grant price per unit: $0.00 per unit
Direct common shares after grant: 23,391 shares
+1 more
4 metrics
Deferred Share Equivalents granted
2,836 units
Equity award under 2018 Omnibus Incentive Plan
Grant price per unit
$0.00 per unit
Price for 2,836 Deferred Share Equivalents
Direct common shares after grant
23,391 shares
Total direct holdings following reported transaction
Indirect common shares
5,000 shares
Held via Darrin Steve Boland Revocable Trust
Key Terms
Deferred Share Equivalents, 2018 Omnibus Incentive Plan, Revocable Trust
3 terms
2018 Omnibus Incentive Plan financial
"DSEs were issued pursuant to the Frontdoor, Inc. 2018 Omnibus Incentive Plan."
Revocable Trust financial
"indirect holdings through the Darrin Steve Boland Revocable Trust."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
What insider transaction did Frontdoor (FTDR) director Darrin Steve Boland report?
Darrin Steve Boland reported receiving 2,836 Deferred Share Equivalents in Frontdoor stock. These units are a fully vested equity award under the company’s 2018 Omnibus Incentive Plan and will convert into shares at a future date based on his deferral election.
Was Darrin Steve Boland’s Frontdoor (FTDR) grant an open-market purchase?
No, the Form 4 shows a grant or award, not an open-market purchase. The 2,836 Deferred Share Equivalents were issued at a price of $0.00 per unit as compensation under Frontdoor’s 2018 Omnibus Incentive Plan, rather than bought on the stock market.
How is indirect ownership reported for Frontdoor (FTDR) director Darrin Steve Boland?
Boland’s indirect ownership is reported through the Darrin Steve Boland Revocable Trust. The Form 4 shows 5,000 Frontdoor common shares held indirectly, while his newly reported 2,836-unit grant and 23,391 common shares are shown as directly owned positions.