Restricted stock grant boosts Fox Factory (NASDAQ: FOXF) CFO equity stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schemm Dennis Charles reported acquisition or exercise transactions in this Form 4 filing.
FOX Factory Holding Corp Chief Financial Officer Dennis Charles Schemm reported receiving a grant of 36,012 shares of common stock as restricted stock units under the company’s 2022 Omnibus Plan. These units vest in three equal annual installments beginning on March 4, 2027. After this award, he holds 87,114 shares directly. The transaction was reported late due to an inadvertent administrative error.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schemm Dennis Charles
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 36,012 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 87,114 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 CFO Dennis Schemm report on this Form 4?
Dennis Charles Schemm reported receiving 36,012 restricted stock units of FOX Factory Holding Corp common stock. The grant was made as part of the company’s 2022 Omnibus Plan and reflects equity-based compensation rather than an open-market share purchase.
What are the vesting terms for the 36,012 FOXF restricted stock units granted?
The 36,012 restricted stock units granted to CFO Dennis Charles Schemm vest in three equal annual installments. Vesting begins on March 4, 2027, meaning one-third of the units vest each year over a three-year period under the company’s 2022 Omnibus Plan.
Was the FOXF CFO Form 4 filing made on time with the SEC?
The Form 4 filing notes that the transaction was reported late due to an inadvertent administrative error. This means the underlying grant had already occurred, but the required insider transaction report reached the SEC later than the usual reporting deadline.
Did the FOXF CFO pay cash for the 36,012 restricted stock units reported?
No cash purchase was reported for this transaction. The Form 4 shows a price per share of 0.0000, indicating the 36,012 restricted stock units were awarded as compensation under the 2022 Omnibus Plan rather than acquired through an open-market cash transaction.
Is this FOXF insider transaction a buy or a compensation grant?
This transaction is classified as a grant or award acquisition, not an open-market buy. The Form 4 uses transaction code “A” and describes the event as a grant of restricted stock units under the 2022 Omnibus Plan, reflecting routine executive equity compensation.