Kathryn M. Collins, SVP and Chief Revenue Officer of Frontdoor, Inc. (NASDAQ:FTDR), filed a Form 4 on August 12, 2026, disclosing the exercise of 10,000 employee stock options and the same-day sale of 10,000 shares of common stock on August 10, 2026.

Key Highlights

  • Option exercise: Collins exercised 10,000 employee stock options at an exercise price of $26.42 per share on August 10, 2026.
  • Share sale: 10,000 shares of common stock were disposed of at $88.98 per share on August 10, 2026.
  • Remaining ownership: Following the transactions, Collins directly holds 20,322 shares of common stock.
  • Remaining options: Collins retains 12,299 employee stock options with an exercise price of $26.42 and an expiration date of March 27, 2033.
  • Option grant origin: The exercised options were awarded on March 27, 2023, with time- and performance-based vesting conditions.

Frontdoor Chief Revenue Officer Reports Option Exercise and Stock Sale

According to the filing, Collins held 30,322 shares of Frontdoor common stock directly prior to the reported transactions. On August 10, 2026, she exercised 10,000 employee stock options coded "M" at a conversion price of $26.42, acquiring 10,000 shares. On the same date, those 10,000 shares were sold at $88.98 per share, coded "S," reducing her direct holdings to 20,322 shares.

The filing explains that the exercised options were non-qualified stock options granted on March 27, 2023, subject to both time-based and performance-based vesting conditions. The performance criteria consisted of three tranches, each requiring the volume-weighted average price of Frontdoor common stock on the NASDAQ to reach $32.23, $35.14, and $38.31, respectively, over any 20 consecutive trading-day period. According to the filing, the service condition was satisfied on March 27, 2024, and the three performance tranches vested on July 20, 2023, August 8, 2023, and August 2, 2024, respectively, as certified by the Compensation Committee of the Company's Board of Directors.

Following the exercise and sale, the filing reports that Collins retains 12,299 employee stock options with an exercise price of $26.42 per share, expiring March 27, 2033, held directly. The Form 4 was signed by Stephanie Delavale as Attorney-In-Fact for Kathryn M. Collins and filed on August 12, 2026.

What Was Disclosed

The filing discloses the exercise of 10,000 stock options at $26.42 and the sale of 10,000 shares at $88.98 by Frontdoor's SVP and Chief Revenue Officer on August 10, 2026, leaving her with 20,322 shares and 12,299 remaining options.