Form 4: Champion Homes Executive Jonathan Lyall Reports Stock Disposals Following Performance-Based Vesting

EVP of Sales/Business Development at Champion Homes, Jonathan Wade Lyall, reports disposals of common stock to cover tax obligations after performance-based restricted stock units (PRSUs) vested.

Summary

• On January 4, 2025, Jonathan Wade Lyall, EVP of Sales/Business Development at Champion Homes, disposed of 571 shares of common stock at a price of $90.43.
• Lyall also disposed of 1,043 shares of common stock at the same price on the same day.
• These transactions were related to the vesting of performance-based restricted stock units (PRSUs) under the company's 2018 Equity Incentive Plan.
• The PRSUs vested at 72.7% of the initial grant based on the company's total shareholder return and market share relative to designated companies over the performance period ending January 4, 2025.
• The disposals were likely to cover tax obligations associated with the vesting of the PRSUs.
• Following the reported transactions, Lyall directly owns 32,862 shares of Champion Homes common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders buy or sell their company's stock. This filing indicates transactions by a key executive at Champion Homes.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market.
• The vesting of PRSUs incentivizes the executive to improve company performance, which benefits shareholders.

Key Dates