[Form 4] Blue Bird Corp Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Penn Kevin S. reported acquisition or exercise transactions in this Form 4 filing.
Blue Bird Corp director Kevin S. Penn received a grant of 2,297 restricted stock units (RSUs), each representing one share of common stock. The award was granted at no cash cost and increases his direct holdings to 6,396 shares after the transaction.
The RSUs are scheduled to vest on March 31, 2027, with accelerated vesting if there is a change in control of the company or if his service ends due to death, disability, or completion of his term as director. Shares of common stock will be delivered when the RSUs vest and certain service or ownership conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Penn Kevin S.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.0001 per share | 2,297 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 6,396 shares (Direct)
Footnotes (1)
- The award represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the common stock of Blue Bird Corporation. The RSUs will vest on March 31, 2027; provided, however, that such RSUs will vest in full upon the occurrence of a "change in control" of the Company or if the reporting person's service terminates due to death, disability or due to completion of the reporting person's term of office as a director. Shares of common stock will be issued in settlement of the RSUs upon vesting and the earlier of the reporting person's compliance with the Company's applicable minimum stock ownership guidelines, termination of service as a director or a change in control event.
Key Figures
RSUs granted: 2,297 units
Holdings after transaction: 6,396 shares
RSU vesting date: March 31, 2027
3 metrics
RSUs granted
2,297 units
Restricted stock units awarded to director Kevin S. Penn
Holdings after transaction
6,396 shares
Total direct Blue Bird common stock reported after grant
RSU vesting date
March 31, 2027
Scheduled vesting date for granted RSUs, subject to conditions
Key Terms
restricted stock units ("RSUs"), change in control, minimum stock ownership guidelines
3 terms
restricted stock units ("RSUs") financial
"The award represents a grant of restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
change in control financial
"will vest in full upon the occurrence of a "change in control" of the Company"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
minimum stock ownership guidelines financial
"issued in settlement of the RSUs upon vesting and the earlier of the reporting person's compliance with the Company's applicable minimum stock ownership guidelines"