Champion Homes (SKY) CXO receives 6,268 RSUs in equity compensation grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kastanek John Allan reported acquisition or exercise transactions in this Form 4 filing.
Champion Homes, Inc. reported that Chief Customer Experience Officer John Allan Kastanek received a grant of 6,268 shares of common stock in the form of restricted stock units under the company’s 2018 Equity Incentive Plan. These RSUs were granted at no cash cost to him.
The RSUs vest in one-third increments on each of the first three anniversaries of the grant date, as long as he remains employed or as otherwise provided in the plan and award agreement. Following this grant, he directly holds 13,788 shares of Champion Homes common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kastanek John Allan
Role
Chief Customer Exp. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,268 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 13,788 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 6,268 shares
Grant price: $0.0000 per share
Post-transaction holdings: 13,788 shares
+1 more
4 metrics
RSU grant size
6,268 shares
Restricted stock units granted to Kastanek on the reported date
Grant price
$0.0000 per share
Reported transaction price for the RSU grant
Post-transaction holdings
13,788 shares
Total Champion Homes common shares held directly after grant
Vesting schedule
One-third per year over 3 years
RSUs vest on each of the first three anniversaries of grant
Key Terms
restricted stock unit ("RSUs"), 2018 Equity Incentive Plan, RSU Award Agreement
3 terms
restricted stock unit ("RSUs") financial
"Represents a restricted stock unit ("RSUs") granted to the Reporting Person under the Issuer's 2018 Equity Incentive Plan"
2018 Equity Incentive Plan financial
"granted to the Reporting Person under the Issuer's 2018 Equity Incentive Plan (the "Plan")"
RSU Award Agreement financial
"as otherwise provided in the Plan or the applicable form of RSU Award Agreement"
A RSU award agreement is a legal contract that grants restricted stock units — promises of company stock to an employee or advisor — and spells out how many units are granted, when they become actual shares (vesting), and any conditions or tax rules. Investors care because these agreements create future share issuance and compensation cost, which can dilute existing holders and signal how the company rewards and retains key people, much like a delayed paycheck paid in stock.
FAQ
What insider transaction did SKY executive John Allan Kastanek report on this Form 4?
John Allan Kastanek reported receiving 6,268 restricted stock units of Champion Homes common stock as a grant under the 2018 Equity Incentive Plan. The award is compensation-based, carries no purchase price, and increases his direct holdings to 13,788 shares after the transaction.
Is the SKY Form 4 transaction a stock purchase or a compensation grant?
The Form 4 shows a compensation grant, not an open-market purchase. Kastanek received 6,268 restricted stock units at no cash cost under Champion Homes’ 2018 Equity Incentive Plan, reflecting equity-based pay rather than a discretionary buy in the market.
How do the 6,268 RSUs granted to SKY’s John Allan Kastanek vest?
The 6,268 restricted stock units vest in one-third increments on each of the first three anniversaries of the grant date. Vesting is subject to continued employment or other terms in the 2018 Equity Incentive Plan and the RSU Award Agreement.
What plan governs the RSU grant reported in the SKY Form 4 filing?
The RSU grant was made under Champion Homes, Inc.’s 2018 Equity Incentive Plan. The plan and the related RSU Award Agreement set the terms for vesting, continued employment requirements, and other conditions that apply to the 6,268 restricted stock units granted.