Champion Homes (NYSE: SKY) grants director 1,867 restricted stock units
Rhea-AI Filing Summary
Berman Michael B reported acquisition or exercise transactions in this Form 4 filing.
Champion Homes, Inc. director Michael B. Berman received an award of 1,867 restricted stock units, each representing one share of common stock, under the 2018 Equity Incentive Plan. The RSUs vest in full on the earlier of the first anniversary of the vesting commencement date or the 2027 Annual Meeting of Shareholders, subject to continuous service. Following this grant, his reported direct holdings are 12,451 shares.
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Insider Trade Summary
Net Buyer: 1,867 shares
Net Buy
1 txn
Insider
Berman Michael B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 1,867 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 12,451 shares (Direct)
Footnotes (1)
- F1. Represents restricted stock units ("RSUs") granted to the Reporting Person under the Issuer's 2018 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of Common Stock. Subject to the terms of the award agreement evidencing the grant of the RSUs, the RSUs vest in full on the earlier of the first anniversary of the Vesting Commencement Date or the date of the 2027 Annual Meeting of Shareholders, provided that the Reporting Person remains in continuous service with the Issuer through the vesting date.
Key Figures
RSUs granted: 1,867 units
Grant price per share: $0.0000
Total holdings after grant: 12,451 shares
+2 more
5 metrics
RSUs granted
1,867 units
Restricted stock units awarded to director Michael B. Berman
Grant price per share
$0.0000
Equity award granted as compensation with no purchase price
Total holdings after grant
12,451 shares
Reported direct holdings of Champion Homes equity following the transaction
Equity Incentive Plan year
2018
Plan under which the RSU award was granted
Vesting reference year
2027
RSUs vest no later than the 2027 Annual Meeting of Shareholders, subject to service
Key Terms
restricted stock units (RSUs), 2018 Equity Incentive Plan, vesting date, continuous service
4 terms
restricted stock units (RSUs) financial
"Represents restricted stock units (RSUs) granted to the Reporting Person"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
2018 Equity Incentive Plan financial
"granted to the Reporting Person under the Issuer's 2018 Equity Incentive Plan"
vesting date financial
"remains in continuous service with the Issuer through the vesting date"
continuous service financial
"provided that the Reporting Person remains in continuous service with the Issuer"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SKY director Michael B. Berman report?
Michael B. Berman reported an equity award of 1,867 restricted stock units (RSUs) of Champion Homes, Inc. Each RSU represents the right to receive one share of common stock, granted as director compensation under the 2018 Equity Incentive Plan.
What are the vesting terms of the 1,867 RSUs granted to the SKY director?
The 1,867 RSUs vest in full on the earlier of the first anniversary of the vesting commencement date or the 2027 Annual Meeting of Shareholders, provided Michael B. Berman remains in continuous service with Champion Homes through the vesting date.
Under which plan were Michael B. Berman’s RSUs in Champion Homes (SKY) granted?
The RSUs were granted under Champion Homes’ 2018 Equity Incentive Plan. This plan is used to award equity-based compensation, such as restricted stock units, to directors and other eligible participants to align their interests with shareholders.
Did Michael B. Berman pay a purchase price for the 1,867 SKY RSUs granted?
No purchase price was paid; the RSUs were granted at a price per share of $0.0000. This indicates the award is a form of equity compensation rather than an open-market stock purchase by the director.
What service condition applies to the RSUs granted to the SKY director?
Vesting of the RSUs requires continuous service with Champion Homes through the vesting date. If Michael B. Berman ceases service before vesting, the award may not fully vest, subject to the award agreement’s specific terms.