Frontier (ULCC) director exercises 34,230 RSUs and receives 32,990 new units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Frontier Group Holdings director Andrew S. Broderick reported equity compensation activity involving common stock and restricted stock units (RSUs). He exercised RSUs into 34,230 shares of Common Stock, bringing his direct Common Stock holdings to 882,671 shares after the transactions.
He also received a new award of 32,990 RSUs, each representing a right to one share of Common Stock. According to the terms, these RSUs will vest in full on the earlier of May 14, 2027 or immediately before the next annual meeting of stockholders after the grant date, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
34,230 shares exercised/converted
Mixed
3 txns
Insider
Broderick Andrew S.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 34,230 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 32,990 | $0.00 | -- |
| Exercise | Common Stock | 34,230 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 882,671 shares (Direct, null)
Footnotes (1)
- Each Restricted Stock Unit represents a contingent right to receive one share of Issuer Common Stock. The Restricted Stock Units have no expiration date. The RSUs have fully vested as of May 14, 2026. The RSUs will vest in full on the earlier of May 14, 2027 or immediately prior to the next annual meeting of stockholders after the grant date, subject to continued service of the Reporting Person through the vesting date.
Key Figures
RSUs exercised into Common Stock: 34,230 shares
Common Stock held after transactions: 882,671 shares
New RSU grant: 32,990 RSUs
+2 more
5 metrics
RSUs exercised into Common Stock
34,230 shares
Exercise or conversion of derivative security on May 14, 2026
Common Stock held after transactions
882,671 shares
Post-transaction direct holdings reported for Andrew S. Broderick
New RSU grant
32,990 RSUs
Grant, award, or other acquisition on May 14, 2026
Underlying Common Stock for new RSUs
32,990 shares
Each Restricted Stock Unit represents one share of Common Stock
Exercised RSU grant fully utilized
34,230 RSUs
Restricted Stock Units exercised, leaving 0 remaining in that grant
Key Terms
Restricted Stock Units, derivative exercise/conversion, Grant, award, or other acquisition, contingent right, +1 more
5 terms
Restricted Stock Units financial
"The RSUs will vest in full on the earlier of May 14, 2027 or immediately prior to the next annual meeting"
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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one share of Issuer Common Stock."
vesting date financial
"subject to continued service of the Reporting Person through the vesting date."
FAQ
What insider transactions did Andrew S. Broderick report at Frontier Group Holdings (ULCC)?
Andrew S. Broderick reported exercising restricted stock units into 34,230 shares of Common Stock and receiving a new grant of 32,990 RSUs. These transactions reflect equity compensation activity rather than open-market buying or selling of Frontier Group Holdings shares.
What are the key details of the new RSU grant to Andrew S. Broderick at ULCC?
Broderick received 32,990 Restricted Stock Units, each representing one share of Common Stock. The RSUs will vest in full on the earlier of May 14, 2027 or immediately prior to the next annual meeting after the grant date, subject to his continued service with the company.
What do the RSU footnotes in the Frontier Group Holdings (ULCC) Form 4 explain?
The footnotes state that each RSU equals one share of Common Stock and has no expiration date. They clarify that one RSU tranche has fully vested as of May 14, 2026 and that the newly granted RSUs will vest by May 14, 2027 or before the next annual meeting.