Form 4: Fox Factory Holding Corp.: Chief Accounting Officer Brendan Enick Reports Stock Grant

Brendan Enick, Chief Accounting Officer of Fox Factory Holding Corp., reports the acquisition of restricted stock units.

Summary

• On February 27, 2024, Brendan Enick, the Chief Accounting Officer of Fox Factory Holding Corp., acquired 3,458 shares of Common Stock.
• These shares were received as a grant of restricted stock units under the Issuer's 2022 Omnibus Plan.
• Mr. Enick now beneficially owns 4,818 shares of Common Stock following the reported transaction.
• The restricted stock units vest in three equal annual installments beginning on February 27, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices. The grant of stock units can be seen as a positive sign of aligning management interests with shareholders.

Positives

• The grant of restricted stock units aligns Mr. Enick's interests with those of the company and its shareholders.

Future Outlook

The restricted stock units will vest in three equal annual installments beginning on February 27, 2025.

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 to incentivize performance and align their interests with shareholders.

Comparison to Industry Standards

• Stock grants to executives are a common practice across various industries.
• Companies like Yeti Holdings, Vista Outdoor, and Brunswick Corporation also utilize stock-based compensation to incentivize their leadership teams.
• The vesting schedules and amounts of these grants vary depending on the company's size, performance, and compensation philosophy.

Stakeholder Impact

• The stock grant could have a slightly positive impact on shareholder sentiment as it aligns management's interests with those of the shareholders.

Key Dates