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

Signature
/s/ Stephanie Delavale, as Attorney-In-Fact for Jeffrey Fiarman
Stock symbol
FTDR
Transactions as of
Mar 27, 2023
Transactions value $
-$106,969
Form type
4
Date filed
3/29/2023, 04:05 PM
Previous filing
Jun 3, 2022
Next filing
Apr 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTDR Common Stock Options Exercise +6.25K +40.28% 21.8K Mar 28, 2023 Direct F1
transaction FTDR Common Stock Tax liability -$77.2K -2.86K -13.16% $26.95 18.9K Mar 28, 2023 Direct F2
transaction FTDR Common Stock Options Exercise +2.36K +12.47% 21.2K Mar 29, 2023 Direct F1
transaction FTDR Common Stock Tax liability -$29.8K -1.09K -5.14% $27.30 20.2K Mar 29, 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 +28.4K $0.00 28.4K Mar 27, 2023 Common Stock 28.4K Direct F1, F3
transaction FTDR Employee Stock Option (right to buy) Award $0 +72.1K $0.00 72.1K Mar 27, 2023 Common Stock 72.1K $26.42 Direct F4
transaction FTDR Restricted Stock Units Options Exercise $0 -6.25K -33.34% $0.00 12.5K Mar 28, 2023 Common Stock 6.25K Direct F1, F5
transaction FTDR Restricted Stock Units Options Exercise $0 -2.36K -50% $0.00 2.36K Mar 29, 2023 Common Stock 2.36K 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.