Form 4: Champion Homes Executive Hough Reports Changes in Beneficial Ownership After Performance-Based Stock Units Vest

Laurie M. Hough, EVP, CFO, and Treasurer of Champion Homes, Inc., reports adjustments to beneficial ownership following the vesting of performance-based stock units (PRSUs) on January 4, 2025.

Summary

• On January 4, 2025, Laurie M. Hough, EVP, CFO, and Treasurer of Champion Homes, Inc., had changes in their beneficial ownership of company stock.
• These changes are due to the vesting of performance-based stock units (PRSUs) granted under the 2018 Equity Incentive Plan.
• The Compensation Committee certified the achievement of performance goals on January 4, 2025, resulting in the PRSUs vesting at 72.7% of the initial grant.
• This vesting percentage was based on Champion Homes' total shareholder return and market share relative to designated companies over the performance period ending January 4, 2025.
• A portion of the PRSUs were forfeited because the performance goals were not fully met.
• As a result of these transactions, Hough directly owns 100,352 shares of Champion Homes common stock.

Sentiment

Score: 6

Explanation: The document is neutral in sentiment. It reports a routine transaction related to executive compensation. The vesting of PRSUs at less than 100% suggests mixed performance, but the overall tone is factual and objective.

Negatives

• A portion of Laurie M. Hough's PRSUs were forfeited due to not fully meeting performance goals.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency into how performance-based incentives affect executive holdings.

Stakeholder Impact

• Shareholders may be interested in the performance metrics tied to executive compensation.
• Employees may view the vesting of PRSUs as an indicator of company performance and reward.

Key Dates