Champion Homes (SKY) EVP settles tax bill with share transfers
Rhea-AI Filing Summary
Champion Homes, Inc. executive vice president of operations Joseph A. Kimmell reported routine share dispositions tied to tax withholding rather than open-market sales. On March 25, 2026, a total of 5,676 shares of common stock were withheld at prices around $72.54–$75.62 per share to satisfy tax liabilities.
The footnote explains that these transactions coincided with performance-based restricted stock units (PRSUs) granted under the 2018 Equity Incentive Plan. After the compensation committee certified results, the PRSUs vested at 63.3% of the original grant and the remainder was forfeited. Following these tax-withholding dispositions, Kimmell directly owns 44,646 shares of common stock.
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FAQ
What did SKY executive Joseph A. Kimmell report in this Form 4 filing?
Joseph A. Kimmell reported share dispositions used to cover tax obligations, not open-market sales. On March 25, 2026, shares were withheld from vested performance-based restricted stock units granted under Champion Homes’ 2018 Equity Incentive Plan as part of standard tax-settlement mechanics.
How many Champion Homes (SKY) shares were used for tax withholding?
A total of 5,676 shares of Champion Homes common stock were used for tax withholding. These were reported as Code F transactions, which represent payment of exercise price or tax liabilities by delivering securities rather than discretionary market sales.
At what prices were the SKY shares valued for these tax-withholding transactions?
The tax-withholding dispositions involved shares valued at $72.54 and $75.62 per share. These amounts reflect the fair market value used to calculate the tax due when the performance-based restricted stock units vested on March 25, 2026.
How many Champion Homes (SKY) shares does Joseph A. Kimmell hold after these transactions?
After the reported tax-withholding dispositions, Joseph A. Kimmell directly holds 44,646 shares of Champion Homes common stock. This figure reflects his position immediately following the March 25, 2026 vesting and related tax-settlement activity.
What happened to Joseph A. Kimmell’s performance-based RSUs in this SKY filing?
The filing notes that Kimmell’s performance-based RSUs vested at 63.3% of the initial grant after compensation committee certification on March 25, 2026. The remaining unvested PRSUs were forfeited, consistent with the terms of the 2018 Equity Incentive Plan award agreement.
Does this SKY Form 4 indicate that Joseph A. Kimmell sold shares on the open market?
No, the transactions are coded F, indicating tax-withholding dispositions, not open-market sales. Shares were delivered to satisfy tax liabilities arising from the vesting of performance-based restricted stock units rather than being voluntarily sold into the market.