Chastitie Brim - 27 Mar 2023 Form 4 Insider Report for Frontdoor, Inc. (FTDR)

Signature
/s/ Stephanie Delavale, as Attorney-In-Fact for Chastitie Brim
Issuer symbol
FTDR
Transactions as of
27 Mar 2023
Net transactions value
-$24,813
Form type
4
Filing time
29 Mar 2023, 16:03:34 UTC
Previous filing
01 Apr 2022
Next filing
03 Apr 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTDR Common Stock Options Exercise +1,735 +26% 8,427 28 Mar 2023 Direct F1
transaction FTDR Common Stock Tax liability $17,059 -633 -7.5% $26.95 7,794 28 Mar 2023 Direct F2
transaction FTDR Common Stock Options Exercise +760 +9.8% 8,554 29 Mar 2023 Direct F1
transaction FTDR Common Stock Tax liability $7,753 -284 -3.3% $27.30 8,270 29 Mar 2023 Direct F2

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 +4,258 $0.000000 4,258 27 Mar 2023 Common Stock 4,258 Direct F1, F3
transaction FTDR Employee Stock Option (right to buy) Award $0 +9,214 $0.000000 9,214 27 Mar 2023 Common Stock 9,214 $26.42 Direct F4
transaction FTDR Restricted Stock Units Disposed to Issuer $0 -1,735 -33% $0.000000 3,470 28 Mar 2023 Common Stock 1,735 Direct F1, F5
transaction FTDR Restricted Stock Units Disposed to Issuer $0 -760 -50% $0.000000 760 29 Mar 2023 Common Stock 760 Direct F1, F6
* 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 Reflects shares withheld to cover the Reporting Person's tax liability incident to the vesting of restricted stock units.
F3 Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted on March 27, 2023 and vest and settle in three equal installments on March 27, 2024, 2025 and 2026, subject to continued service with the Company.
F4 Non-qualified stock options granted on March 27, 2023 will vest 25% on March 27, 2023, and thereafter vest 6.25% quarterly over the next three years on the quarterly anniversary of the grant date, such that all shares will have vested on March 27, 2027, subject to continued service with the Company.
F5 Each unit is the economic equivalent of one share of the Company's stock. The restricted stock units were granted on March 28, 2022 and will vest and settle in three equal installments on March 28, 2023, 2024 and 2025, subject to continued service with the Company.
F6 Each unit is the economic equivalent of one share of the Company's stock. The restricted stock units were granted on March 29, 2021 and will vest and settle in three equal installments on March 29, 2022, 2023 and 2024, subject to continued service with the Company.