Champion Homes (SKY) awards PRSUs and RSUs to its CFO
Rhea-AI Filing Summary
McKinstray David reported acquisition or exercise transactions in this Form 4 filing.
Champion Homes, Inc. reported that EVP, CFO and Treasurer David McKinstray received two equity awards of Common Stock on March 25, 2026, each covering 7,842 shares. These awards were granted at a price of $0.00 per share as compensation, not through open‑market purchases.
The first award consists of performance-based restricted stock units (PRSUs) under the 2018 Equity Incentive Plan. Vesting can reach up to 200% of the target amount, with 60% tied to total shareholder return from March 25, 2026 through March 25, 2029 versus certain peers, and 40% tied to Champion Homes’ single-family completion market share as of January 31, 2029, all subject to continued service.
The second award is a time-based restricted stock unit (RSU) grant under the same plan, vesting in one-third increments on each of the first three anniversaries of the grant date, subject to continued employment or the plan’s other terms. After these grants, McKinstray directly holds 23,984 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,842 | $0.00 | -- |
| Grant/Award | Common Stock | 7,842 | $0.00 | -- |
Footnotes (1)
- 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 SKY executive David McKinstray report in this Form 4 filing?
How are David McKinstray’s performance-based RSUs at Champion Homes (SKY) structured?
When do David McKinstray’s time-based RSUs in Champion Homes (SKY) vest?
Do the equity awards to Champion Homes (SKY) CFO involve any open-market stock purchases?