Frontier Group (NASDAQ: ULCC) SVP logs RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Frontier Group Holdings SVP Steve Schuller reported the vesting of 37,665 Restricted Stock Units and related tax withholding transactions on Common Stock. The RSU vesting on February 1, 2026, resulted in 37,665 shares of Common Stock being issued.
The company withheld 16,478 shares of Common Stock at $4.64 per share solely to cover tax obligations, which the filing states does not represent a sale by Schuller. After these entries, he beneficially owned 98,499 shares of Common Stock and 37,665 remaining RSUs that fully vest on February 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
37,665 shares exercised/converted
Mixed
3 txns
Insider
Schuller Steve
Role
SVP, Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 37,665 | $0.00 | -- |
| Exercise | Common Stock | 37,665 | $0.00 | -- |
| Tax Withholding | Common Stock | 16,478 | $4.64 | $76K |
Holdings After Transaction:
Restricted Stock Units — 37,665 shares (Direct);
Common Stock — 114,977 shares (Direct)
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 on February 1, 2026, from the vesting of Restricted Stock Units, and does not represent a sale by the Reporting Person. The remaining Restricted Stock Units fully vest on February 1, 2027.
FAQ
What insider transaction did ULCC SVP Steve Schuller report?
Steve Schuller reported the vesting of 37,665 Restricted Stock Units into Frontier Group Holdings Common Stock. The filing shows these RSUs converted on February 1, 2026, and were previously granted equity awards rather than open-market purchases or sales.
What does the tax withholding transaction mean in Steve Schuller’s ULCC Form 4?
The company withheld 16,478 Frontier Common shares at $4.64 per share to cover Schuller’s tax obligations from the RSU vesting. This reduced the net shares delivered but allowed the tax to be settled without him selling stock on the open market.
When do Steve Schuller’s remaining Frontier (ULCC) RSUs vest?
The filing notes that Schuller’s remaining 37,665 Restricted Stock Units fully vest on February 1, 2027. Each RSU represents a contingent right to receive one share of Frontier Common Stock, and the RSUs have no stated expiration date in the disclosure.
What is the relationship between RSUs and Frontier (ULCC) Common Stock in this filing?
Each Restricted Stock Unit represents a right to receive one share of Frontier Common Stock. On February 1, 2026, 37,665 RSUs settled into the same number of Common shares, illustrating how equity awards granted earlier convert into actual stock as they vest.