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

Role: SVP & General Counsel
Signature: /s/ Stephanie Delavale, as Attorney-In-Fact for Jeffrey Fiarman
Issuer symbol: FTDR
Transactions as of: 27 Mar 2023
Net transactions value: -$106,969
Form type: 4
Filing time: 29 Mar 2023, 16:05:17 UTC
Previous filing: 03 Jun 2022
Next filing: 03 Apr 2023
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		+6,246	+40%		21,753	28 Mar 2023	Direct	F1
transaction	FTDR	Common Stock	Tax liability	$77,158	-2,863	-13%	$26.95	18,890	28 Mar 2023	Direct	F2
transaction	FTDR	Common Stock	Options Exercise		+2,356	+12%		21,246	29 Mar 2023	Direct	F1
transaction	FTDR	Common Stock	Tax liability	$29,812	-1,092	-5.1%	$27.30	20,154	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	+28,388		$0.000000	28,388	27 Mar 2023	Common Stock	28,388		Direct	F1, F3
transaction	FTDR	Employee Stock Option (right to buy)	Award	$0	+72,124		$0.000000	72,124	27 Mar 2023	Common Stock	72,124	$26.42	Direct	F4
transaction	FTDR	Restricted Stock Units	Options Exercise	$0	-6,246	-33%	$0.000000	12,491	28 Mar 2023	Common Stock	6,246		Direct	F1, F5
transaction	FTDR	Restricted Stock Units	Options Exercise	$0	-2,356	-50%	$0.000000	2,356	29 Mar 2023	Common Stock	2,356		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	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 15,193, 23,482 and 33,449 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.
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.