Frontier Group Holdings, Inc. SVP of Human Resources Steve Schuller filed a Form 4 on October 27, 2026, disclosing the vesting of 26,042 restricted stock units and the withholding of 11,393 shares to cover tax obligations, both occurring on October 25, 2026.

Key Highlights

  • RSU settlement: 26,042 restricted stock units vested and were settled in common stock on October 25, 2026, with transaction code M (conversion of derivative security).
  • Tax withholding: 11,393 shares were withheld by the issuer at $4.94 per share solely to satisfy tax withholding obligations, reported as a disposition with transaction code F.
  • No open-market sale: According to the filing, no shares were sold by the reporting person in connection with these transactions.
  • Remaining holdings: Following the transactions, Schuller directly held 94,324 shares of Frontier Group Holdings common stock.
  • RSUs fully vested: The filing states the restricted stock units "have fully vested as of October 25, 2026," and the derivative position was reduced to 0.00 units following settlement.
  • Reporting person role: Steve Schuller is identified as SVP, Human Resources of Frontier Group Holdings, Inc., listed on NASDAQ:ULCC.

Schuller's RSU Settlement and Share Withholding at Frontier Group Holdings

According to the Form 4 filed with the SEC, Steve Schuller, Senior Vice President of Human Resources at Frontier Group Holdings, Inc. (NASDAQ:ULCC), reported two transactions on October 25, 2026. The first was the settlement of previously granted restricted stock units upon vesting: 26,042 RSUs converted into an equivalent number of shares of common stock, each unit representing "a contingent right to receive one share of Issuer Common Stock." The filing notes the RSUs carried no expiration date and have no exercise price, listed at $0.00.

The second transaction involved the withholding of 11,393 shares at a price of $4.94 per share. The filing states this "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" and "does not represent a sale by the Reporting Person." Following both transactions, Schuller's direct beneficial ownership stood at 94,324 shares of common stock, with no remaining RSUs reported in Table II.

The Form 4 was signed by Howard Diamond as attorney-in-fact for Steve Schuller and dated October 27, 2026. The filing did not indicate that any transaction was made pursuant to a Rule 10b5-1(c) plan, as that box was not checked on the form.

What Was Disclosed

Frontier Group Holdings SVP Steve Schuller disclosed the October 25, 2026 vesting of 26,042 RSUs into common stock and the withholding of 11,393 shares at $4.94 for tax purposes, leaving him with 94,324 shares held directly.