Fox Factory (FOXF) CEO granted 149,585 restricted stock units in award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FOX FACTORY HOLDING CORP Chief Executive Officer Michael C. Dennison reported an acquisition of company equity through a compensation grant. On March 3, 2026, he received 149,585 restricted stock units at a price of $0.00 per unit under the 2022 Omnibus Plan. These restricted stock units vest in three equal annual installments beginning on March 4, 2027, meaning the award pays out over time if service conditions are met. Following this grant, Dennison’s directly held equity position reported in this filing totals 413,035 shares of common stock. The company noted the report was filed late due to an inadvertent administrative error.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DENNISON MICHAEL C.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 149,585 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 413,035 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 CEO Michael C. Dennison report on this Form 4?
Michael C. Dennison reported receiving a grant of 149,585 restricted stock units of FOX FACTORY HOLDING CORP common stock. The grant is a form of equity compensation under the company’s 2022 Omnibus Plan rather than an open-market share purchase.
What are the vesting terms for Michael C. Dennison’s 149,585 FOXF restricted stock units?
The 149,585 restricted stock units vest in three equal annual installments starting on March 4, 2027. This schedule means one-third of the units convert into common stock each year over three years, subject to the award’s service or other plan conditions.
Did Michael C. Dennison pay cash for the 149,585 FOXF restricted stock units?
No cash changed hands for this award; the Form 4 lists a price of $0.00 per share. The units were granted as equity compensation under FOX FACTORY HOLDING CORP’s 2022 Omnibus Plan rather than purchased on the open market.
Why was this FOXF CEO Form 4 for restricted stock units filed late?
The footnotes state the transaction is being reported late due to an inadvertent administrative error. This explanation indicates the timing issue relates to an internal reporting oversight rather than any change to the substance of the equity grant itself.