Form 4: Fox Factory Holding Corp Director Ted Waitman Reports Stock Grant and Holdings

Director Ted Waitman reports receiving a grant of restricted stock units and adjustments to his holdings of Fox Factory Holding Corp stock.

Summary

• Ted Waitman, a director of Fox Factory Holding Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On May 3, 2024, Waitman received 3,677 shares of common stock as a grant of restricted stock units.
• These restricted stock units vest the day before the Issuer's 2025 annual meeting.
• Waitman's direct holdings of common stock decreased to 14,409 shares.
• Waitman also has indirect ownership through a personal IRA (41 shares), a revocable trust for his spouse (103 shares), and a revocable trust in his name (24 shares).

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects standard compensation practices and insider ownership, which are generally viewed as a positive sign of alignment with shareholder interests.

Positives

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

Future Outlook

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

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

Key Dates