4/A: Champion Homes CEO Timothy Larson Reports Changes in Beneficial Ownership After Performance-Based Stock Units Vest
SEC Form 4/A
Timothy Larson, CEO of Champion Homes, reports adjustments to his beneficial ownership of company stock following the vesting of performance-based stock units (PRSUs) and subsequent forfeiture of unvested units.
Summary
- On January 4, 2025, Timothy Larson, the President and CEO of Champion Homes, had a transaction involving common stock.
- This Form 4/A is an amendment to a previous filing to correct the number of shares withheld and the amount of securities beneficially owned following the reported transaction.
- The transaction involved the forfeiture of 1,135 shares due to PRSUs vesting at 72.7% of the initial grant based on total shareholder return and market share performance, with the unvested portion being forfeited.
- Following the transaction, Larson directly owns 56,103 shares of Champion Homes common stock.
- The vesting of the PRSUs was determined by the Compensation Committee's certification of performance goals related to total shareholder return and market share relative to designated companies.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing detailing changes in stock ownership due to pre-existing compensation plans. It doesn't inherently convey positive or negative sentiment, but the vesting of PRSUs suggests some level of performance achievement.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 01/04/2025 | Date of the transaction involving the vesting of PRSUs and subsequent forfeiture. |
| 01/07/2025 | Date of original Form 4 filing that this Form 4/A amends. |
| 02/06/2025 | Date of the amended filing (Form 4/A). |
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