Blue Bird (BLBD) director Julie A. Fream receives 2,297 RSU grant

Rhea-AI Filing Summary

Fream Julie A reported acquisition or exercise transactions in this Form 4 filing.

Blue Bird Corp director Julie A. Fream received a grant of 2,297 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Blue Bird common stock. The RSUs are scheduled to vest on March 31, 2027, subject to earlier vesting upon a change in control, death, disability, or completion of her board term.

Upon this award, Fream’s direct holdings total 9,705 shares of common stock, to be settled in shares when the RSUs vest and upon the earlier of meeting minimum stock ownership guidelines, termination of service as a director, or a change in control event.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Fream Julie A

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 — 9,705 shares (Direct)

Footnotes (1)

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

RSU grant size: 2,297 RSUs Shares after transaction: 9,705 shares RSU vesting date: March 31, 2027

3 metrics

RSU grant size 2,297 RSUs Grant of restricted stock units to director Julie A. Fream

Shares after transaction 9,705 shares Total direct common stock holdings after RSU grant

RSU vesting date March 31, 2027 Scheduled vesting date for awarded RSUs, subject to acceleration

Key Terms

restricted stock units, change in control, minimum stock ownership guidelines

3 terms

restricted stock units financial

"The award represents a grant of restricted stock units ("RSUs")."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

change in control financial

"RSUs 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

"Shares of common stock will be issued ... upon the earlier of the reporting person's compliance with the Company's applicable minimum stock ownership guidelines"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fream Julie A

(Last) (First) (Middle)

3920 ARKWRIGHT ROAD, SUITE 200

(Street)

MACON GEORGIA 31210

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Blue Bird Corp [ BLBD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.0001 per share	04/01/2026		A		2,297(1)(2)	A	$0	9,705	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

2. 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.

Remarks:

	/s/ Matthew Meziere as attorney-in-fact	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Blue Bird (BLBD) report for Julie A. Fream?

Blue Bird reported that director Julie A. Fream received a grant of 2,297 restricted stock units. These RSUs are a form of equity compensation and increase her contingent right to receive Blue Bird common shares, subject to vesting and settlement conditions described in the grant.

How many Blue Bird (BLBD) shares does Julie A. Fream hold after this Form 4?

After the reported RSU grant, Julie A. Fream’s direct holdings total 9,705 shares of Blue Bird common stock. This figure reflects her ownership position following the award and provides context for the scale of the equity grant relative to her existing stake.

When do Julie A. Fream’s new Blue Bird (BLBD) RSUs vest?

The 2,297 restricted stock units granted to Julie A. Fream are scheduled to vest on March 31, 2027. They may vest earlier if there is a change in control of Blue Bird, or if her service ends due to death, disability, or completion of her director term.

What events can accelerate vesting of Blue Bird (BLBD) RSUs granted to Julie A. Fream?

The RSUs granted to Julie A. Fream vest earlier than March 31, 2027 if Blue Bird experiences a change in control or if her service ends due to death, disability, or completion of her board term. These conditions allow full vesting before the scheduled vesting date.

How are Julie A. Fream’s Blue Bird (BLBD) RSUs settled into shares?

Shares of Blue Bird common stock will be issued when Julie A. Fream’s RSUs vest and upon the earlier of meeting minimum stock ownership guidelines, her termination of service as a director, or a change in control event. Each RSU converts into one share upon settlement.