Larson Timothy Mark 4
4 · Champion Homes, Inc. · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Champion Homes (SKY) CEO Timothy Larson Receives Awards; Shares Withheld
What Happened
Timothy M. Larson, President, CEO and Director of Champion Homes, received two equity awards on March 25, 2026: 22,517 performance-based restricted stock units (PRSUs) and 22,517 restricted stock units (RSUs), a total of 45,034 units (reported as acquisitions at $0.00). To satisfy tax withholding obligations related to these awards, 7,930 shares were surrendered (dispositions reported under code F) — 3,928 shares at $72.54 ($284,937), 2,074 shares at $72.54 ($150,448), and 1,928 shares at $75.62 ($145,795). The withheld shares equal about $581,180 in value. These dispositions were for tax withholding, not open-market sales.
Key Details
- Transaction date: 2026-03-25; Form 4 filed 2026-03-27 (timely).
- Grants: 22,517 PRSUs (A) and 22,517 RSUs (A), each reported at $0.00.
- Withheld (Disposition, code F): 3,928 @ $72.54; 2,074 @ $72.54; 1,928 @ $75.62 — total value withheld ≈ $581,180.
- Shares owned after the transactions: not specified in the filing.
- Footnotes: PRSUs are performance-based (vesting tied to multi-year TSR and market-share goals); one footnote notes PRSUs vested at 63.3% upon committee certification and unvested portions were forfeited; RSUs vest in one-third increments over three years.
- These dispositions are tax withholding (F), not sales signaling a cash-out of shares.
Context
PRSUs represent contingent rights to receive shares if performance goals are met; RSUs vest with continued service. Tax-withholding share disposals are common when equity awards vest and do not necessarily indicate CEO selling for diversification or liquidity. This filing is timely and routine for executive compensation administration.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-25$72.54/sh−3,928$284,937→ 78,660 total - Award
Common Stock
[F2]2026-03-25+22,517→ 101,177 total - Award
Common Stock
[F3]2026-03-25+22,517→ 123,694 total - Tax Payment
Common Stock
2026-03-25$72.54/sh−2,074$150,448→ 121,620 total - Tax Payment
Common Stock
2026-03-25$75.62/sh−1,928$145,795→ 119,692 total
Footnotes (3)
- [F1]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.
- [F2]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.
- [F3]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.