Howard Diamond, EVP, Legal & Corporate Affairs of Frontier Group Holdings, Inc. (NASDAQ:ULCC), filed a Form 4 on October 27, 2026, reporting the October 25, 2026 vesting and settlement of 62,934 Restricted Stock Units and the withholding of 27,533 shares to cover tax obligations.

Key Highlights

  • RSU settlement: 62,934 Restricted Stock Units vested and settled on October 25, 2026, each representing a contingent right to receive one share of common stock.
  • Tax withholding: 27,533 shares were withheld by the issuer at $4.94 per share solely to satisfy tax withholding obligations; the filing states this does not represent a sale by the reporting person.
  • No open-market sale: According to the filing, "No shares were sold by the Reporting Person" in connection with these transactions.
  • Post-transaction ownership: Diamond directly beneficially owns 168,527 shares of common stock following the reported transactions.
  • RSUs fully vested: The filing states the Restricted Stock Units "have fully vested as of October 25, 2026," with no remaining derivative securities held.

Diamond RSU Vesting Details: Settlement, Withholding, and Remaining Ownership

According to the Form 4 filed with the SEC on October 27, 2026, Howard Diamond, serving as EVP, Legal & Corporate Affairs of Frontier Group Holdings, Inc. (NASDAQ:ULCC), reported two transactions in Table I and one derivative transaction in Table II, all dated October 25, 2026. The transactions relate to the settlement of previously granted Restricted Stock Units (RSUs) upon their vesting.

The filing reports that 62,934 RSUs were settled (transaction code M), resulting in 62,934 shares of common stock being acquired. Each RSU represented a contingent right to receive one share of issuer common stock and carried no expiration date. Immediately following this acquisition, Diamond's beneficial ownership stood at 196,060 shares. Separately, 27,533 shares (transaction code F) were disposed of at a price of $4.94 per share. The filing specifies these shares were "withheld by the Issuer solely to satisfy tax withholding obligations" and "does not represent a sale by the Reporting Person." After both transactions, Diamond's direct beneficial ownership totaled 168,527 shares of common stock.

In Table II, the filing records the full settlement of the 62,934 RSUs at a derivative security price of $0.00 and notes the underlying common stock amount as 62,934 shares. Following the settlement, Diamond holds 0.00 derivative securities. The filing was signed by Howard M. Diamond on October 27, 2026.

What Was Disclosed

Frontier Group Holdings EVP Howard Diamond reported the October 25, 2026 vesting of 62,934 RSUs, the withholding of 27,533 shares at $4.94 for taxes, and a resulting direct beneficial ownership of 168,527 shares of common stock.