Frontier Group (NASDAQ: ULCC) SVP RSUs vest, shares withheld for taxes
Rhea-AI Filing Summary
Frontier Group Holdings, Inc. executive Alexandre Clerc, SVP, Customers, reported restricted stock unit (RSU) vesting and related tax withholding transactions. On January 8, 2026, RSUs covering 47,081 and 9,416 units were converted into the same number of shares of common stock at an exercise price of $0.00 per share, reflecting previously granted awards.
The company withheld 15,741 and 2,707 shares of common stock at $4.73 per share solely to satisfy tax withholding obligations; the filing states these withholdings do not represent sales by the reporting person. After the transactions, Clerc beneficially owned 40,676 shares of common stock. Remaining RSUs of 94,162 vest in two substantially equal annual installments beginning on January 8, 2027, and 9,417 RSUs fully vest on January 8, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 47,081 | $0.00 | -- |
| Exercise | Restricted Stock Units | 9,416 | $0.00 | -- |
| Exercise | Common Stock | 47,081 | $0.00 | -- |
| Tax Withholding | Common Stock | 15,741 | $4.73 | $74K |
| Exercise | Common Stock | 9,416 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,707 | $4.73 | $13K |
Footnotes (1)
- Relates solely to the settlement of previously granted Restricted Stock Units upon vesting. No shares were sold by the Reporting Person. Each Restricted Stock Unit represents a contingent right to receive one share of Issuer Common Stock. The Restricted Stock Units have no expiration date. Represents shares of Issuer Common Stock withheld by the Issuer solely to satisfy tax withholding obligations in connection with the net issuance of shares of Issuer Common Stock delivered to the Reporting Person on January 8, 2026, from the vesting of Restricted Stock Units, and does not represent a sale by the Reporting Person. The remaining Restricted Stock Units vest in two substantially equal annual installments beginning on January 8, 2027. The remaining Restricted Stock Units fully vest on January 8, 2027.