Form 4: Fox Factory Holding Corp. CFO Dennis Schemm Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Dennis Schemm, CFO & Treasurer of Fox Factory Holding Corp., reports the acquisition of restricted stock units on February 27, 2024.
Summary
- On February 27, 2024, Dennis Charles Schemm, CFO & Treasurer of Fox Factory Holding Corp., acquired 11,755 shares of common stock in the form of restricted stock units.
- These restricted stock units were granted pursuant to the Issuer's 2022 Omnibus Plan.
- The restricted stock units vest in three equal annual installments beginning on February 27, 2025.
- Following the transaction, Schemm beneficially owns 19,236 shares of common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. It reflects a standard executive compensation practice, indicating confidence in the company's future performance.
Positives
- The grant of restricted stock units aligns the CFO's interests with those of the shareholders.
- The vesting schedule encourages long-term commitment from the CFO.
Industry Context
This is a standard practice for companies to grant stock options or restricted stock units to executives as part of their compensation packages. It is a way to align the interests of the executives with the interests of the shareholders.
Stakeholder Impact
- Shareholders may view the grant of restricted stock units positively, as it aligns management's interests with long-term company performance.
- Employees may see this as a positive sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of transaction: Dennis Schemm acquired 11,755 restricted stock units. |
| 02/27/2025 | First vesting date: The restricted stock units vest in three equal annual installments beginning on this date. |
| 02/29/2024 | Date of signature on the Form 4 filing. |
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