Champion Homes (NYSE: SKY) EVP gets stock awards, covers tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Champion Homes, Inc. executive vice president of Sales and Business Development Jonathan Wade Lyall reported routine equity compensation and related tax withholding transactions in Common Stock. He received two stock awards totaling 11,442 shares, and 5,319 shares were withheld at prices around $72–$76 to cover tax obligations.
Following these transactions, he directly holds 67,892 shares of Common Stock. Footnotes explain that certain earlier performance-based restricted stock units vested at 63.3% of the initial grant and the remainder were forfeited, and that new performance-based and time-based RSU awards vest over multi‑year periods tied to shareholder return and market share goals.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
LYALL JONATHAN WADE
Role
EVP Sales/Business Development
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,466 | $72.54 | $251K |
| Grant/Award | Common Stock | 5,721 | $0.00 | -- |
| Grant/Award | Common Stock | 5,721 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,456 | $72.54 | $106K |
| Tax Withholding | Common Stock | 397 | $75.62 | $30K |
Holdings After Transaction:
Common Stock — 58,303 shares (Direct)
Footnotes (1)
- The amount of securities owned reflects the forfeiture of a portion of PRSUs previously granted to the Reporting Person under the 2018 Equity Incentive Plan of Issuer and reported as owned directly at the target (100%) level. Pursuant to the terms of the award agreement evidencing the grant of the PRSUs, upon the Compensation Committee certification of the achievement of the performance goals on March 25, 2026 the PRSUs vested at 63.3% of the initial grant, and the PRSUs that did not vest were forfeited. Represents performance-based restricted stock units ("PRSUs") granted to the Reporting Person under the Issuer's 2018 Equity Incentive Plan. Each PRSU represents the contingent right to receive one share of Common Stock. Subject to the terms of the award agreement evidencing the grant of the PRSUs, vesting of a percentage of the PRSUs (including up to 200%) is 60% dependent on the total shareholder return of Issuer from March 25, 2026 through March 25, 2029 relative to the total shareholder return of certain other companies over that same time period, and 40% dependent on the market share of single family completions of Issuer as of January 31, 2029, provided that the Reporting Person remains in continuous service with the Issuer through each vesting date. Represents a restricted stock unit ("RSUs") granted to the Reporting Person under the Issuer's 2018 Equity Incentive Plan (the "Plan"). The RSUs vest in one-third increments on each of the first three anniversaries of the grant date, subject to continued employment or as otherwise provided in the Plan or the applicable form of RSU Award Agreement.
FAQ
What insider transactions did SKY EVP Jonathan Wade Lyall report?
Jonathan Wade Lyall reported routine equity compensation activity, receiving 11,442 shares of Common Stock through stock awards while 5,319 shares were withheld to satisfy tax liabilities. These were not open-market trades, but standard grant and tax-withholding transactions tied to his compensation.
Were Jonathan Wade Lyall’s SKY transactions open-market buys or sells?
The transactions were not open-market buys or sells. They consisted of stock awards coded as grants (A) with a zero price and tax-withholding dispositions coded F, where shares were delivered to cover tax obligations instead of being sold in the market.
What performance conditions apply to Jonathan Wade Lyall’s new SKY PRSUs?
The new performance-based restricted stock units depend 60% on Champion Homes’ total shareholder return from March 25, 2026 through March 25, 2029 versus peers, and 40% on its single-family completions market share as of January 31, 2029, subject to continued service through vesting dates.
How do Jonathan Wade Lyall’s time-based RSUs in SKY vest?
The time-based restricted stock units vest in one-third increments on each of the first three anniversaries of the grant date. Vesting requires continued employment with Champion Homes or satisfaction of alternative conditions described in the company’s 2018 Equity Incentive Plan and related award agreement.
What happened to Jonathan Wade Lyall’s earlier SKY performance RSUs?
An earlier performance-based RSU grant vested at 63.3% of the initial target after the compensation committee certified results on March 25, 2026. The remaining unearned portion of that initial PRSU award was forfeited, and the updated ownership amount already reflects this forfeiture.