Champion Homes (NYSE: SKY) awards 1,867 RSUs to director Nikul Patel
Rhea-AI Filing Summary
Patel Nikul reported acquisition or exercise transactions in this Form 4 filing.
Champion Homes, Inc. reported that director Nikul Patel received a grant of 1,867 restricted stock units (RSUs) representing common stock on July 30, 2026 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, subject to continuous service, resulting in 8,546 direct share-equivalent holdings.
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Insider Trade Summary
Net Buyer: 1,867 shares
Net Buy
1 txn
Insider
Patel Nikul
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 1,867 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 8,546 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
Holdings after grant: 8,546 shares/RSUs
Grant price: $0.0000 per share
+1 more
4 metrics
RSUs granted
1,867 units
Restricted stock units granted on July 30, 2026
Holdings after grant
8,546 shares/RSUs
Total direct equity position following the reported grant
Grant price
$0.0000 per share
Equity award issued without cash payment by the director
Latest vesting date
2027 Annual Meeting of Shareholders
Outside vesting trigger if continuous service is maintained
Key Terms
restricted stock units ("RSUs"), 2018 Equity Incentive Plan, Vesting Commencement 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 company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2018 Equity Incentive Plan financial
"granted to the Reporting Person under the Issuer's 2018 Equity Incentive Plan"
Vesting Commencement Date financial
"earlier of the first anniversary of the Vesting Commencement Date or the date"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
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 equity award did Champion Homes (SKY) director Nikul Patel receive?
Director Nikul Patel received a grant of 1,867 restricted stock units (RSUs) under Champion Homes’ 2018 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of common stock, subject to vesting and service conditions.
When do Nikul Patel’s 1,867 Champion Homes (SKY) RSUs vest?
The 1,867 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 Patel remains in continuous service with Champion Homes through that vesting date.
Was any cash paid for Nikul Patel’s 1,867 Champion Homes (SKY) RSUs?
No cash was paid for the award; the grant is recorded at $0.0000 per share. This reflects a compensation-related equity award rather than an open-market purchase of Champion Homes common stock by the director.
What conditions apply to Nikul Patel’s Champion Homes (SKY) RSU grant?
The RSUs are granted under the 2018 Equity Incentive Plan and vest only if Patel remains in continuous service with Champion Homes through the vesting date. Each vested RSU entitles him to receive one share of common stock, subject to the award agreement.