Form 4: Fox Factory Holding Corp Director Jean Hlay Reports Stock Grant

Director Jean Hlay reported receiving a grant of 3,677 restricted stock units from Fox Factory Holding Corp on May 3, 2024.

Summary

• Jean Hlay, a director at Fox Factory Holding Corp, filed a Form 4 on May 7, 2024.
• The report details a transaction on May 3, 2024, where Hlay acquired 3,677 shares of common stock through a grant of restricted stock units.
• The restricted stock units were granted pursuant to the Issuer's Non-Employee Director Compensation Policy.
• The restricted stock units vest the day before the Issuer's 2025 annual meeting.
• Following the transaction, Hlay beneficially owns 11,347 shares of Fox Factory Holding Corp.
• The transaction was a direct acquisition.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and aligns director interests with the company's performance.

Positives

• The grant of restricted stock units aligns the director's interests with the company's performance.

Future Outlook

The restricted stock units vest the day before the Issuer's 2025 annual meeting.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders.

Key Dates