EVP Diamond Howard sells 370,457 shares at $8.94 avg, reducing stake by 58.4% to 263.7K shares remaining
Diamond Howard, EVP of Legal & Corporate Affairs at Frontier Group Holdings, executed 2 separate sales totaling 370,457 shares for $3,311,042.67 (blended average $8.94) on 2025-02-18 and 2025-02-19. This represents a 58.4% reduction in his holdings, cutting his position from 634,173 shares to 263,716 shares. The sales occurred near the company's 52-week high of $10.06, with the current price at $8.72 (13.3% below the high); notably, the stock has appreciated 55.7% over the past 90 days, suggesting the insider executed these sales during a period of strong recent momentum. Frontier Group's fundamentals show $935.0M in latest-quarter revenue, positive net income of $26.0M, and a P/E of 21.80; the substantial reduction in this executive's ownership stake warrants investor attention to understand the rationale behind such a significant reduction in personal exposure.