Kathryn M. Collins - 10 Dec 2024 Form 4 Insider Report for Frontdoor, Inc. (FTDR)

Role: SVP & Chief Revenue Officer
Signature: /s/ Stephanie Delavale, as Attorney-In-Fact for Kathryn M. Collins
Issuer symbol: FTDR
Transactions as of: 10 Dec 2024
Net transactions value: -$815,703
Form type: 4
Filing time: 12 Dec 2024, 16:08:20 UTC
Previous filing: 11 Jun 2024
Next filing: 27 Mar 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FTDR	Common Stock	Options Exercise	$681,213	+25,784	+273%	$26.42	35,213	10 Dec 2024	Direct
transaction	FTDR	Common Stock	Sale	$1,496,916	-25,784	-73%	$58.06	9,429	10 Dec 2024	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FTDR	Employee Stock Options (Right to Buy)	Options Exercise	$0	-25,784	-54%	$0.000000	22,299	10 Dec 2024	Common Stock	25,784	$26.42	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.
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.

Content

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.

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.