4/A: Skyline Champion Corp Executive Laurie M. Hough Amends Filing to Correct Stock Unit Calculation

Laurie M. Hough, EVP, CFO, and Treasurer of Skyline Champion Corp, amended a previous SEC filing to correct the number of restricted stock units (RSUs) and performance-based restricted stock units (PRSUs) granted under the company's 2018 Equity Incentive Plan.

Summary

• Laurie M. Hough, an executive at Skyline Champion Corp, filed an amended Form 4 with the SEC.
• The amendment corrects a computational error in the original filing from April 2, 2024, regarding the grant of restricted stock units (RSUs) and performance-based restricted stock units (PRSUs).
• On March 29, 2024, Hough was granted 8,659 RSUs at a price of $85.01, bringing the total direct holdings to 101,848 shares.
• Additionally, 8,659 PRSUs were granted on the same date and at the same price, increasing the total direct holdings to 110,507 shares.
• The RSUs vest in three equal installments on the anniversaries of March 29, 2024, contingent upon continuous service with the company.
• The vesting of PRSUs is 60% dependent on Skyline Champion Corp's total shareholder return relative to other companies from March 29, 2024, to March 29, 2027, and 40% dependent on the company's market share of single-family completions as of January 31, 2026, also contingent upon continuous service.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't indicate any fundamental issues with the company's performance or financial health, but it does show attention to detail and compliance.

Future Outlook

The vesting of the 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 in single-family completions.

Industry Context

This filing reflects standard executive compensation practices within publicly traded companies, using equity-based awards to align management's interests with those of shareholders and incentivize performance.

Comparison to Industry Standards

• Equity-based compensation, including RSUs and PRSUs, is a common practice among publicly traded companies to incentivize executives.
• The vesting conditions tied to shareholder return and market share are typical performance metrics used in PRSU grants.
• Comparing Skyline Champion Corp's equity compensation plans to those of peers like Cavco Industries and Patrick Industries would provide a more detailed benchmark.

Stakeholder Impact

• The correction of the RSU and PRSU grants ensures accurate reporting to shareholders.
• The vesting conditions of the PRSUs align executive compensation with shareholder value and company performance.

Key Dates