Frontier Group (NASDAQ: ULCC) awards director 22,284 deferred units
Rhea-AI Filing Summary
Steele Barron Elliot reported acquisition or exercise transactions in this Form 4 filing.
Frontier Group Holdings director Steele Barron Elliot received a grant of 22,284 Deferred Stock Units. These units were awarded at a price of $0.00 per unit and each represents a contingent right to receive one share of Frontier Group common stock.
The Deferred Stock Units have no expiration date and will vest in full on the earlier of May 14, 2027 or immediately before the next annual stockholder meeting after the grant date, provided Elliot continues serving through that date. After vesting, they will be settled in common shares on a date Elliot selects under the company’s Non-Employee Director Compensation Program or as otherwise provided by the plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Steele Barron Elliot
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 22,284 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 22,284 shares (Direct)
Footnotes (2)
- F1. Each Deferred Stock Unit represents a contingent right to receive one share of Issuer Common Stock. The Deferred Stock Units have no expiration date.
- F2. The Deferred Stock Units 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 and will be settled in shares of the Issuer's Common Stock either (i) on a date selected by the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Program (the "Plan"), or (ii) as otherwise provided by the Plan.
Key Figures
Deferred Stock Units granted: 22,284 units
Grant price per unit: $0.00 per unit
Underlying common shares: 22,284 shares
+2 more
5 metrics
Deferred Stock Units granted
22,284 units
Grant to director Steele Barron Elliot on June 15, 2026
Grant price per unit
$0.00 per unit
Deferred Stock Units award
Underlying common shares
22,284 shares
One common share per Deferred Stock Unit
Vesting date trigger
May 14, 2027
Earlier of this date or next annual meeting before settlement
Units held after grant
22,284 units
Total Deferred Stock Units directly held following transaction
Key Terms
Deferred Stock Units, vesting, Non-Employee Director Compensation Program
3 terms
Deferred Stock Units financial
"Each Deferred Stock Unit represents a contingent right to receive one share of Issuer Common Stock."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
vesting financial
"The Deferred Stock Units 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."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Non-Employee Director Compensation Program financial
"settled in shares of the Issuer's Common Stock either (i) on a date selected by the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Program (the "Plan"), or (ii) as otherwise provided by the Plan."
FAQ
What insider transaction did Frontier Group (ULCC) report for Steele Barron Elliot?
Frontier Group reported that director Steele Barron Elliot received 22,284 Deferred Stock Units as a grant at $0.00 per unit. Each unit is tied to one share of common stock, subject to vesting conditions and later share settlement.
How many Frontier Group (ULCC) Deferred Stock Units were granted in this Form 4?
The Form 4 shows a grant of 22,284 Deferred Stock Units to director Steele Barron Elliot. Following this transaction, he holds 22,284 such units directly, each corresponding to one underlying share of Frontier Group common stock upon settlement.
When do Steele Barron Elliot’s Frontier Group (ULCC) Deferred Stock Units vest?
The Deferred Stock Units will vest in full on the earlier of May 14, 2027 or immediately before the next annual stockholder meeting after the grant date. Vesting requires Steele Barron Elliot to continue serving as a director through the applicable vesting date.
What does each Deferred Stock Unit represent for Frontier Group (ULCC)?
Each Deferred Stock Unit represents a contingent right to receive one share of Frontier Group common stock. The units have no expiration date and, once vested, will be settled in shares under the company’s Non-Employee Director Compensation Program or as that plan otherwise provides.
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