Form 4: REV Group Executive's Equity Changes

Stephen Zamansky, SVP, General Counsel & Secretary of REV Group, Inc., reported changes in his beneficial ownership of common stock, including vesting of performance-based awards and tax withholdings.

Summary

• Stephen Zamansky, SVP, General Counsel & Secretary of REV Group, Inc. (REVG), reported transactions in the company's common stock on December 29, 2025.
• 18,944 shares of common stock vested, with 8,261 shares subsequently reacquired by REV Group, Inc. at $61.44 per share to satisfy tax withholding obligations.
• An additional 5,102 shares of common stock vested following the achievement of specified performance goals, acquired at a price of $0.
• 2,225 shares were reacquired by REV Group, Inc. at $61.44 per share to satisfy tax withholding obligations related to the vesting of the 5,102 shares.
• Following these reported transactions, Stephen Zamansky beneficially owns 67,024 shares of REV Group, Inc. common stock.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The vesting of shares, particularly performance-based ones, is a positive sign of executive alignment and company performance. The tax withholdings are routine and not negative, representing a standard part of compensation.

Positives

• Vesting of 5,102 shares due to the achievement of specified performance goals, indicating positive company performance and executive alignment.
• The executive's beneficial ownership increased by 2,877 shares from the initial reported amount of 64,147 to 67,024 shares after the reported transactions.

Negatives

• Shares were reacquired by the company to cover tax withholding obligations, which is a standard practice but reduces the number of shares directly held by the executive.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance.

Industry Context

This Form 4 filing details routine insider transactions related to executive compensation and does not provide broader industry context or trends.

Comparison to Industry Standards

• This Form 4 filing does not provide information for comparison to industry standards or specific comparable companies, projects, or results. It reports individual executive stock transactions.

Related Party Transactions

• The reacquisition of shares by REV Group, Inc. to satisfy withholding obligations is a standard related-party transaction for executive compensation.

Stakeholder Impact

• Shareholders: The vesting of performance-based shares aligns executive interests with shareholder value creation. Tax withholdings are a standard part of compensation and do not indicate a change in strategy.
• Employees: No direct impact on general employees is indicated by this filing.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation events, specifically the vesting of shares and subsequent tax withholdings. While the vesting of performance-based shares is a positive indicator of management alignment and company performance, these transactions are not significant enough to warrant a change in investment recommendation based solely on this filing. The overall beneficial ownership remains substantial, suggesting continued executive confidence. Therefore, a 'hold' recommendation is appropriate as this filing does not present new material information to alter a pre-existing investment thesis.

Keywords

REV Group, REVG, Form 4, Insider Trading, Beneficial Ownership, Stock Vesting, Executive Compensation, Stephen Zamansky, Common Stock