Champion Homes (NASDAQ: SKY) VP disposes shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Champion Homes, Inc. VP & Controller Timothy A. Burkhardt reported a tax-related share transfer. He disposed of 399 shares of common stock at $72.54 per share to satisfy tax obligations by delivering shares instead of cash.
After this tax-withholding disposition, Burkhardt directly holds 28,292 shares of Champion Homes common stock, so the transaction adjusts his position but leaves a substantial remaining stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Burkhardt Timothy A.
Role
VP & Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 399 | $72.54 | $29K |
Holdings After Transaction:
Common Stock — 28,292 shares (Direct)
Footnotes (1)
Key Figures
Shares disposed for tax withholding: 399 shares
Price per share for tax withholding: $72.54 per share
Shares held after transaction: 28,292 shares
+1 more
4 metrics
Shares disposed for tax withholding
399 shares
Tax-withholding disposition on common stock
Price per share for tax withholding
$72.54 per share
Value used for 399-share tax payment
Shares held after transaction
28,292 shares
Direct holdings following Form 4 transaction
Tax-withholding share count (summary)
399 shares
taxWithholdingShares in transaction summary
Key Terms
tax-withholding disposition, Form 4, Common Stock
3 terms
tax-withholding disposition financial
"He disposed of 399 shares of common stock in a tax-withholding disposition."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"The insider activity was reported on a Form 4 insider transaction report."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"He transferred 399 shares of Champion Homes common stock at $72.54 per share."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did SKY executive Timothy A. Burkhardt report?
Timothy A. Burkhardt reported a tax-related share disposition. He transferred 399 shares of Champion Homes common stock at $72.54 per share to cover tax obligations, a routine payment method using stock rather than cash, and retained 28,292 shares directly afterward.
What does transaction code "F" mean in the SKY Form 4 filing?
In this SKY Form 4, transaction code "F" indicates payment of a tax liability by delivering securities. Burkhardt transferred 399 shares of Champion Homes common stock at $72.54 per share to meet tax obligations, rather than executing a traditional open-market sale for investment reasons.
Is the reported SKY insider transaction considered significant for investors?
The Form 4 reflects a small, tax-related share disposition. Only 399 shares were transferred at $72.54 each to cover tax obligations, while 28,292 shares remain directly held, suggesting a routine administrative adjustment rather than a large or thesis-changing insider move for Champion Homes.