Form 4: Champion Homes VP & Controller Reports Changes in Beneficial Ownership After Performance-Based Stock Units Vest

Timothy A. Burkhardt, VP & Controller of Champion Homes, reports changes in beneficial ownership due to the vesting of performance-based stock units (PRSUs) and subsequent forfeiture of unvested units.

Summary

• On January 4, 2025, Timothy A. Burkhardt, VP & Controller of Champion Homes, experienced a change in beneficial ownership due to the vesting of performance-based stock units (PRSUs).
• 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 a performance period ending January 4, 2025.
• The vested PRSUs resulted in the withholding of 426 shares at $90.43 and 862 shares at $90.43 to cover tax obligations.
• Following these transactions, Burkhardt directly owns 36,478 shares of Champion Homes common stock.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of PRSUs is a common form of executive compensation tied to company performance.

Stakeholder Impact

• The vesting of PRSUs impacts the VP & Controller's ownership stake in the company.
• Shareholders may be interested in the performance metrics that determined the vesting percentage.

Key Dates