Evan Iverson - Jan 1, 2024 Form 3 Insider Report for Frontdoor, Inc. (FTDR)

Role
SVP & Chief Operations Officer
Signature
/s/ Stephanie Delavale, as Attorney-In-Fact for Evan Iverson
Stock symbol
FTDR
Transactions as of
Jan 1, 2024
Transactions value $
$0
Form type
3
Date filed
1/10/2024, 04:10 PM
Next filing
Mar 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FTDR Common Stock 14K Jan 1, 2024 Direct

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
holding FTDR Restricted Stock Units Jan 1, 2024 Common Stock 11.4K Direct F1, F2
holding FTDR Employee Stock Option (right to buy) Jan 1, 2024 Common Stock 28.9K $26.42 Direct F3
holding FTDR Restricted Stock Units Jan 1, 2024 Common Stock 5.52K Direct F2, F4
holding FTDR Restricted Stock Units Jan 1, 2024 Common Stock 4.63K Direct F2, F5
holding FTDR Employee Stock Option (right to buy) Jan 1, 2024 Common Stock 13.7K $28.82 Direct F6
holding FTDR Restricted Stock Units Jan 1, 2024 Common Stock 760 Direct F2, F7
holding FTDR Employee Stock Option (right to buy) Jan 1, 2024 Common Stock 4.45K $54.81 Direct F8
holding FTDR Employee Stock Option (right to buy) Jan 1, 2024 Common Stock 8.12K $35.56 Direct F9
holding FTDR Employee Stock Option (right to buy) Jan 1, 2024 Common Stock 6.05K $34.48 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Reflects restricted stock units that upon vesting convert into shares of common stock on a one-for-one basis.
F3 Reflects performance non-qualified stock options granted on March 27, 2023. 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 6,077, 9,393 and 13,380 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.
F4 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 three equal installments on June 1, 2023, 2024 and 2025, subject to continued employment 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 vest and settle in three equal installments on March 28, 2023, 2024 and 2025, subject to continued employment with the Company.
F6 Reflects non-qualified stock options granted on March 28, 2022 that vested 25% on March 28, 2022, 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 28, 2026, subject to continued employment with the Company.
F7 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 vest and settle in three equal installments on March 29, 2022, 2023 and 2024, subject to continued employment with the Company.
F8 Reflects non-qualified stock options granted on March 29, 2021 that vest 25% on March 29, 2022, 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 29, 2025, subject to continued employment with the Company.
F9 Reflects non-qualified stock options granted on March 30, 2020 that vest 25% on March 30, 2021, 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 30, 2024, subject to continued employment with the Company.
F10 Reflects non-qualified stock options granted on March 29, 2019 that vested 25% on March 29, 2020, and thereafter vested 6.25% quarterly over the next three years on the quarterly anniversary of the grant date, such that all shares vested on March 29, 2023, subject to continued employment with the Company.

Remarks:

See attached Exhibit 24 Limited Power of Attorney of Evan Iverson.