Frontier Group Holdings (ULCC) director reports RSU exercise and new grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Frontier Group Holdings director Josh T. Connor reported compensation-related equity activity. On May 14, 2026 he exercised 34,230 Restricted Stock Units (RSUs) into an equal number of Frontier common shares, increasing his direct common stock holdings to 175,735 shares.
He also received a new grant of 32,990 RSUs, each representing a contingent right to one share of common stock. These RSUs will vest in full on the earlier of May 14, 2027 or immediately before the next annual stockholder meeting 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
Connor Josh T.
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 — 175,735 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: 34,230 shares
New RSU grant: 32,990 units
Shares held after transactions: 175,735 shares
+3 more
6 metrics
RSUs exercised
34,230 shares
RSUs converted to Frontier common stock on May 14, 2026
New RSU grant
32,990 units
New Restricted Stock Units granted on May 14, 2026
Shares held after transactions
175,735 shares
Direct common stock holdings after RSU exercise
Underlying shares for new RSUs
32,990 shares
Each RSU represents one common share upon vesting
Exercise transactions
1 transaction, 34,230 shares
Derivative exercise/conversion coded as M on May 14, 2026
Acquisition transactions
3 transactions
All coded as acquisitions; no sales reported
Key Terms
Restricted Stock Units, derivative security, contingent right, vest
4 terms
Restricted Stock Units financial
"The RSUs will vest in full on the earlier of May 14, 2027..."
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 security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one share..."
vest financial
"The RSUs will vest in full on the earlier of May 14, 2027..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did Frontier Group Holdings (ULCC) director Josh T. Connor report in this Form 4?
He reported equity compensation activity, not an open-market trade. Connor exercised 34,230 previously granted RSUs into common stock and received a new grant of 32,990 RSUs tied to future vesting, all held directly as part of his director compensation.
What Restricted Stock Units did Josh T. Connor exercise at Frontier Group (ULCC)?
Connor exercised 34,230 Restricted Stock Units into common stock. Each RSU represented a contingent right to one share, and these RSUs were fully vested as of May 14, 2026, allowing them to be converted into an equal number of Frontier Group common shares.
What new RSU grant did Josh T. Connor receive from Frontier Group (ULCC)?
He received a grant of 32,990 new Restricted Stock Units. Each RSU corresponds to one share of common stock and will vest in full on the earlier of May 14, 2027 or immediately before the next annual stockholder meeting after the grant date, subject to continued service.
When do Josh T. Connor’s new Frontier Group (ULCC) RSUs vest?
The new 32,990 RSUs vest on a single future date. They 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, assuming Connor continues to serve through that vesting date.
Does this Frontier Group (ULCC) Form 4 show any stock sales by Josh T. Connor?
No stock sales are reported in this Form 4. The transactions reflect an exercise of previously granted RSUs into common stock and a separate grant of new RSUs. There are no open-market purchases or sales disclosed in this filing.