CEO of Champion Homes (NYSE: SKY) receives new stock awards
Rhea-AI Filing Summary
Champion Homes, Inc. President & CEO Timothy Mark Larson reported stock-based compensation and related tax withholding transactions in Common Stock. On March 25, 2026, he received two grants totaling 45,034 shares (coded "A"), increasing his direct holdings to 123,694 shares before tax actions.
On the same date, a total of 7,930 shares (coded "F") were withheld at prices of $72.54 and $75.62 per share to cover tax liabilities, leaving him with 119,692 directly owned shares. Footnotes describe performance-based restricted stock units that vested at 63.3% of the initial grant and new PRSU awards whose vesting from March 25, 2026 through March 25, 2029 depends 60% on relative total shareholder return and 40% on market share as of January 31, 2029.
Positive
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Negative
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Insights
CEO receives sizable stock awards; share withholdings are routine tax events.
Champion Homes’ CEO Timothy Mark Larson reported equity compensation rather than open‑market trading. He was granted 45,034 common shares via awards, while 7,930 shares were withheld to satisfy tax obligations. No purchases or sales in the market are reported.
Footnotes indicate performance-based restricted stock units that vested at 63.3% of a prior grant and new PRSUs whose vesting from March 25, 2026 to March 25, 2029 depends on relative total shareholder return and market share metrics. This structure ties a large portion of CEO compensation to long-term performance.
After these transactions, Larson directly holds 119,692 shares of Common Stock. Because these are standard compensation grants and tax withholdings, not discretionary open-market buys or sells, they are best viewed as routine and informational rather than a strong signal about his short-term view of the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,928 | $72.54 | $285K |
| Grant/Award | Common Stock | 22,517 | $0.00 | -- |
| Grant/Award | Common Stock | 22,517 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,074 | $72.54 | $150K |
| Tax Withholding | Common Stock | 1,928 | $75.62 | $146K |
Footnotes (1)
- The amount of securities owned reflects the forfeiture of a portion of PRSUs previously granted to the Reporting Person under the 2018 Equity Incentive Plan of Issuer and reported as owned directly at the target (100%) level. Pursuant to the terms of the award agreement evidencing the grant of the PRSUs, upon the Compensation Committee certification of the achievement of the performance goals on March 25, 2026 the PRSUs vested at 63.3% of the initial grant, and the PRSUs that did not vest were forfeited. Represents performance-based restricted stock units ("PRSUs") granted to the Reporting Person under the Issuer's 2018 Equity Incentive Plan. Each PRSU represents the contingent right to receive one share of Common Stock. Subject to the terms of the award agreement evidencing the grant of the PRSUs, vesting of a percentage of the PRSUs (including up to 200%) is 60% dependent on the total shareholder return of Issuer from March 25, 2026 through March 25, 2029 relative to the total shareholder return of certain other companies over that same time period, and 40% dependent on the market share of single family completions of Issuer as of January 31, 2029, provided that the Reporting Person remains in continuous service with the Issuer through each vesting date. Represents a restricted stock unit ("RSUs") granted to the Reporting Person under the Issuer's 2018 Equity Incentive Plan (the "Plan"). The RSUs vest in one-third increments on each of the first three anniversaries of the grant date, subject to continued employment or as otherwise provided in the Plan or the applicable form of RSU Award Agreement.
FAQ
What did Champion Homes (SKY) CEO Timothy Larson report in this Form 4?
Were the Champion Homes (SKY) CEO’s Form 4 transactions open-market buys or sells?
What performance conditions apply to the new PRSUs granted to Champion Homes (SKY) CEO?
What does the 63.3% vesting figure mean for the CEO’s prior PRSU grant at Champion Homes (SKY)?
How are the Champion Homes (SKY) CEO’s time-based RSUs structured?