Form 4: Champion Homes VP & Controller Timothy A. Burkhardt Reports Changes in Beneficial Ownership

Timothy A. Burkhardt, VP & Controller of Champion Homes, reports acquisition and disposal of common stock and grants of restricted stock units and performance-based restricted stock units.

Summary

• On March 20, 2025, Timothy A. Burkhardt disposed of 615 shares of Champion Homes common stock at a price of $94.94.
• On March 25, 2025, Burkhardt acquired 3,269 restricted stock units (RSUs) and 3,269 performance-based restricted stock units (PRSUs) under the company's 2018 Equity Incentive Plan.
• Following these transactions, Burkhardt beneficially owns 33,629 shares of Champion Homes common stock.

Sentiment

Score: 6

Explanation: The document primarily reflects routine insider transactions related to equity compensation. The sentiment is neutral, with a slight positive bias due to the incentive alignment created by the equity grants.

Positives

• The grant of RSUs and PRSUs to the VP & Controller suggests an incentive alignment with the company's long-term performance.

Risks

• The vesting of PRSUs is contingent on the company's performance relative to its peers and its market share, which introduces uncertainty.

Future Outlook

The vesting of RSUs and PRSUs is contingent upon continued service and, in the case of PRSUs, on the company's performance relative to its peers and its market share.

Industry Context

Insider transactions are closely monitored as they can provide insights into management's perspective on the company's prospects. Grants of restricted stock are a common way to incentivize executives in the housing industry.

Comparison to Industry Standards

• Equity incentive plans are a standard practice in publicly traded companies, including those in the homebuilding industry, such as D.R. Horton, Lennar, and NVR.
• The vesting schedules and performance metrics used in Champion Homes' plan are typical of those used by its peers.

Stakeholder Impact

• The equity grants align management's interests with those of shareholders, potentially driving long-term value creation.

Key Dates

Keywords

beneficial ownership, Form 4, Champion Homes, stock units, restricted stock, insider trading