FOX Factory (FOXF) Chief Legal Officer awarded 23,546 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FOX Factory Holding Corp reported that Chief Legal Officer Toby D. Merchant acquired 23,546 shares of Common Stock through a grant of restricted stock units under the company’s 2022 Omnibus Plan. These restricted stock units vest in three equal annual installments beginning on March 4, 2027. Following this grant, Merchant directly holds 57,759 shares of the company’s stock. The transaction was reported late due to what was described as an inadvertent administrative error.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Merchant Toby D
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,546 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 57,759 shares (Direct)
Footnotes (1)
- This transaction is being reported late due to an inadvertent administrative error. The Reporting Person received a grant of restricted stock units pursuant to the Issuer's 2022 Omnibus Plan. The restricted stock units vest in three equal annual installments beginning on March 4, 2027.
FAQ
What insider transaction did FOXF report for Chief Legal Officer Toby D. Merchant?
FOXF reported that Chief Legal Officer Toby D. Merchant received a grant of 23,546 restricted stock units of Common Stock. The award was made under the company’s 2022 Omnibus Plan and represents a compensation-related acquisition rather than an open-market purchase or sale.
What type of award did FOXF grant to its Chief Legal Officer in this filing?
FOXF granted its Chief Legal Officer a restricted stock unit award covering 23,546 shares of Common Stock under the 2022 Omnibus Plan. The transaction code “A” indicates it is a grant, award, or other acquisition rather than an open-market trade or derivative exercise.
When do the FOXF restricted stock units granted to Toby D. Merchant vest?
The restricted stock units granted to Toby D. Merchant vest in three equal annual installments beginning on March 4, 2027. This means the award is structured to deliver FOXF shares gradually over time, conditioned on continued service or other plan requirements.
Was the FOXF Form 4 for Toby D. Merchant filed on time?
No. A footnote states that the transaction is being reported late due to an inadvertent administrative error. This indicates the FOXF Form 4 was not filed within the usual reporting window, though the company attributes the delay to an administrative oversight.