William C. Cobb - Mar 27, 2023 Form 4 Insider Report for Frontdoor, Inc. (FTDR)

Role
CEO, Director
Signature
/s/ Stephanie Delavale, as Attorney-In-Fact for William C. Cobb
Stock symbol
FTDR
Transactions as of
Mar 27, 2023
Transactions value $
$0
Form type
4
Date filed
3/29/2023, 04:04 PM
Previous filing
Jun 3, 2022
Next filing
Apr 27, 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 +104K $0.00 104K Mar 27, 2023 Common Stock 104K Direct F1, F2
transaction FTDR Employee Stock Option (right to buy) Award $0 +264K $0.00 264K Mar 27, 2023 Common Stock 264K $26.42 Direct F3
* 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 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.
F3 The service condition will fully vest one year from the grant date, on March 27, 2024. The performance-vesting criteria will vest in three performance tranches of 55,709, 86,101 and 122,646 shares 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 beginning on the grant date and ending on March 27, 2027, subject to continued service with the Company.