Form 4 for FTDR Frontdoor, Inc.
Accepted 2024-12-12 00:00:00 ET · period of report 2024-12-10 · accession 0000950170-24-135780 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-12-12 | 2024-12-10 | FTDR | Collins Kathryn M | SVP, Chief Revenue Off | S - Sale+OE | $58.06 | -25.8K | 9,429 | -73% | -$1.50M |
| D | 2024-12-12 | 2024-12-10 | FTDR | Collins Kathryn M | SVP, Chief Revenue Off | M - OptEx | $26.42 | +25.8K | 35.2K | +273% | +$681.2K |
| D | 2024-12-12 | 2024-12-10 | FTDR | Collins Kathryn M | SVP, Chief Revenue Off | M - OptEx | $0.00 | -25.8K | 22.3K | -54% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-12-10 | S | D | 25,784 | $58.06 | 9,429 | D | — | — | (F1) This transaction was executed in multiple trades at prices ranging from $57.42 to $58.62, inclusive. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. |
| 2 | Common | Common Stock | 2024-12-10 | M | A | 25,784 | $26.42 | 35,213 | D | — | — | |
| 3 | Derivative | Employee Stock Options (Right to Buy) | 2024-12-10 | M | D | 25,784 | $0.00 | 22,299 | D | $26.42 · — to 2033-03-27 | 25,784 Common Stock | (F2) Reflects non-qualified stock options with time- and performance-based vesting conditions awarded to the Reporting Person on March 27, 2023. The award includes three tranches of 10,129, 15,655 and 22,299 options respectively, each with a separate performance condition based on the volume-weighted average price of the Company's common stock on the NASDAQ of $32.23, $35.14 and $38.31, respectively, over any 20 consecutive trading-day period. The time-based vesting condition for all three tranches was satisfied on March 27, 2024. The performance-based vesting condition for each tranche was met on July 20, 2023, August 8, 2023 and August 2, 2024, respectively, as certified by the Compensation Committee of the Company's Board of Directors. The Reporting Person exercised the first two tranches of the award which became exercisable on March 27, 2024; the third tranche of the award became exercisable on August 2, 2024 and remains outstanding. |