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On July 26, 2024, our Board of Directors approved a new share repurchase authorization of up to $650 million of our common stock over the three-year period from September 4, 2024 through September 4, 2027.
−Removed: Purchases under this new $650 million repurchase program may be made from time to time by the company in the open market at prevailing market prices (including through a Rule 10b5-1 Plan), in privately negotiated transactions, or through any combination of these methods, through September 4, 2027.
−Removed: The actual timing, number, manner and value of any shares repurchased will depend on several factors, including the market price of the company’s stock, general market and economic conditions, the company’s liquidity requirements, applicable legal requirements and other business considerations.
−Removed: The repurchase program does not obligate us to acquire any number of shares in any specific period or at all and may be suspended or discontinued at any time at our discretion.
−Removed: As of September 30, 2024, we have not made any repurchases under this program.
−Removed: On September 7, 2021, we announced a three-year repurchase authorization of up to $400 million of outstanding shares of our common stock over the three-year period from September 3, 2021 through September 3, 2024.
−Removed: At the time of expiration, we repurchased a total of 11,319,091 outstanding shares at an aggregate cost of $400 million under this program.
+Added: We may make purchases under this repurchase program from time to time in the open market at prevailing market prices (including through a Rule 10b5-1 Plan), in privately negotiated transactions, or through any combination of these methods.
+Added: The actual timing, number, manner and value of any shares repurchased will depend on several factors, including the market price of our stock, general market and economic conditions, our liquidity requirements, applicable legal requirements and other business considerations.
+Added: We are not obligated to acquire any number of shares in any specific period or at all, and we may suspend or discontinue our share repurchase program at any time at our discretion.
+Added: As of March 31, 2025, we repurchased a total of 2,149,160 outstanding shares at an aggregate cost of $111 million, and we had $539 million remaining available for future repurchase under this program.
Average price
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(in millions)
−Removed: 1, 2024 through Jul.
−Removed: 1, 2024 through Aug.
−Removed: 1, 2024 through Sep.
+Added: 1, 2025 through Jan.
+Added: 1, 2025 through Feb 28, 2025
+Added: 1, 2025 through Mar.
(1) The average price paid per share is calculated on a trade date basis and excludes associated commissions and taxes.
−Removed: (2) As noted above, the prior share repurchase authorization was authorized through September 3, 2024, and a new share repurchase authorization was effective September 4, 2024.
See Liquidity and Capital Resources – Liquidity in Part I, Item 2 of this Quarterly Report on Form 10-Q for more information.
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(incorporated by reference to Exhibit 3.2 to Frontdoor’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023).
+Added: Form of Non-Qualified Stock Option Agreement under the Frontdoor, Inc.
+Added: Omnibus Plan, effective March 2025.
Certification of Chief Executive Officer pursuant to Rule 13a - 14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
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FRONTDOOR, INC.
−Removed: November 4, 2024
/s/ Jessica P.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.