Frontdoor (NASDAQ: FTDR) CTO awarded 13,982 restricted stock units vesting through 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ganesh Balakrishnan A reported acquisition or exercise transactions in this Form 4 filing.
Frontdoor, Inc. senior vice president and chief technology officer Ganesh Balakrishnan received a grant of 13,982 restricted stock units. Each unit represents the economic equivalent of one share of Frontdoor common stock. The award will vest and settle in three equal installments on March 30 of 2027, 2028 and 2029, conditioned on continued service with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ganesh Balakrishnan A
Role
SVP & Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 13,982 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 13,982 shares (Direct)
Footnotes (1)
- Reflects restricted stock units that upon vesting convert into shares of common stock on a one-for-one basis. 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.
Key Figures
RSUs granted: 13,982 units
Underlying common shares: 13,982 shares
Holdings after grant: 13,982 units
3 metrics
RSUs granted
13,982 units
Restricted stock units granted March 30, 2026
Underlying common shares
13,982 shares
One common share per restricted stock unit
Holdings after grant
13,982 units
Total restricted stock units following this transaction
Key Terms
Restricted Stock Units, economic equivalent, vest and settle
3 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.
economic equivalent financial
"Each unit is the economic equivalent of one share of the Company's stock"
vest and settle financial
"will vest and settle in three equal installments on March 30, 2027, 2028 and 2029"
FAQ
What insider transaction did FTDR report for Ganesh Balakrishnan?
Frontdoor reported that SVP & Chief Technology Officer Ganesh Balakrishnan received 13,982 restricted stock units. These units are a form of equity compensation that convert into shares of common stock over time, aligning his incentives with long-term shareholder interests.
How many FTDR restricted stock units were granted to Ganesh Balakrishnan?
Ganesh Balakrishnan was granted 13,982 restricted stock units of Frontdoor, Inc. Each unit is economically equivalent to one share of the company’s common stock, giving him potential ownership that vests over several years if he remains employed.
When do Ganesh Balakrishnan’s FTDR restricted stock units vest?
The 13,982 restricted stock units granted to Ganesh Balakrishnan vest in three equal installments. Vesting occurs on March 30, 2027, March 30, 2028, and March 30, 2029, and is subject to his continued service with Frontdoor through each vesting date.
What does each FTDR restricted stock unit represent for Ganesh Balakrishnan?
Each restricted stock unit granted to Ganesh Balakrishnan represents the economic equivalent of one share of Frontdoor common stock. Upon vesting, the units convert on a one-for-one basis into actual shares, giving him direct equity ownership in the company.