Form 4: FOXF CFO Dennis Schemm Acquires 14,341 Shares

FOX Factory Holding Corp.'s Chief Financial Officer, Dennis Schemm, acquired 14,341 shares of common stock through the vesting of performance stock units.

Summary

• Dennis Charles Schemm, Chief Financial Officer of FOX Factory Holding Corp. (FOXF), acquired 14,341 shares of common stock.
• The acquisition occurred on February 25, 2026, at a price of $0 per share.
• These shares represent performance stock units (PSUs) originally granted under the Issuer's 2022 Omnibus Plan.
• The PSUs were earned after the Compensation Committee determined on February 24, 2026, that certain performance goals for the period ended January 2, 2026, had been met.
• The vesting was subject to approval by the Board of Directors on February 25, 2026, of the financial statements in the Company's Annual Report on Form 10-K for the year ended January 2, 2026.
• Following this transaction, Mr. Schemm beneficially owns 54,964 shares of common stock directly.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive indicator, as the vesting of performance stock units suggests the company met its internal performance targets, aligning executive incentives with shareholder value creation.

Positives

• The vesting of performance stock units indicates that FOX Factory Holding Corp. met specific performance goals for the period ended January 2, 2026.
• This transaction aligns the Chief Financial Officer's interests with those of shareholders through equity compensation.

Future Outlook

No specific forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that insider acquisitions, particularly through performance-based equity awards, are a common practice across industries. This type of compensation aligns executive incentives with long-term company performance and shareholder value creation, reflecting a standard approach to executive remuneration in publicly traded companies.

Comparison to Industry Standards

• The use of performance stock units (PSUs) as a component of executive compensation is a widespread practice among publicly traded companies, including peers in the manufacturing and consumer discretionary sectors.
• This mechanism is designed to incentivize executives to achieve specific operational and financial targets, similar to compensation structures at companies like Polaris Inc. (PII) or Brunswick Corporation (BC) which also utilize performance-based equity awards to align management with shareholder interests.

Corporate Governance

Stakeholder Impact

• Shareholders: The vesting of performance-based equity awards for the CFO indicates that the company achieved its internal performance targets, which is generally positive for shareholder value.
• Employees: No direct impact on general employees is indicated by this filing.

Key Dates

Recommendation

The vesting of performance stock units for the CFO indicates that the company met its performance goals, which is a positive sign for operational execution. However, this is a routine compensation event and not a direct open-market purchase, so it doesn't significantly alter the investment thesis for a strong buy or sell, but rather reinforces a 'hold' position based on management achieving targets.

Keywords

FOXF, FOX Factory Holding Corp, Dennis Schemm, CFO, Form 4, insider transaction, stock acquisition, performance stock units, PSU, equity compensation