William C. Cobb - Jun 1, 2022 Form 4 Insider Report for Frontdoor, Inc. (FTDR)

Role
President & CEO, Director
Signature
/s/ Stephanie Delavale, as Attorney-In-Fact for William C. Cobb
Stock symbol
FTDR
Transactions as of
Jun 1, 2022
Transactions value $
$0
Form type
4
Date filed
6/3/2022, 04:04 PM
Previous filing
May 25, 2022
Next filing
Mar 29, 2023

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 Restricted Stock Units Award $0 +20.2K $0.00 20.2K Jun 1, 2022 Common Stock 20.2K Direct F1, F2
transaction FTDR Restricted Stock Units Award $0 +35.4K $0.00 35.4K Jun 1, 2022 Common Stock 35.4K Direct F1, F3
transaction FTDR Employee Stock Option (right to buy) Award $0 +152K $0.00 152K Jun 1, 2022 Common Stock 152K $24.74 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects restricted stock units that upon vesting convert into shares of common stock on a one-for-one basis.
F2 Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted on June 1, 2022 and vest and settle in two equal installments on June 1, 2023 and 2024, subject to continued service with the Company.
F3 Each unit is the economic equivalent of one share of the Company's stock. The restricted stock units were granted on June 1, 2022 and will vest and settle in three equal installments on June 1, 2023, 2024 and 2025, subject to continued service with the Company.
F4 The service condition will fully vest one year from the grant date, on June 1, 2023. The performance-vesting criteria will vest in three tranches of 49,226, 50,505 and 52,505 stock options, respectively, each with a separate performance condition based on the volume-weighted average price of the Company's common stock on the NASDAQ over any 20 consecutive trading-day period, beginning on the grant date and ending prior to June 1, 2026, subject to continued service with the Company.