LYALL JONATHAN WADE 4
4 · Champion Homes, Inc. · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Champion Homes (SKY) EVP Lyall Wade Receives Award, Withholds Shares
What Happened
Lyall Jonathan Wade, EVP Sales & Business Development of Champion Homes (SKY), received equity awards on March 25, 2026 and had shares withheld to satisfy tax withholding. The filing shows two grants of 5,721 awards each (11,442 total) reported as acquisitions at $0.00, and three disposals labeled as tax withholdings totaling 5,319 shares (3,466 @ $72.54, 1,456 @ $72.54, and 397 @ $75.62) for a combined cash value of $387,063. Net to Wade after withholding was an increase of 6,123 shares (11,442 granted − 5,319 withheld).
Key Details
- Transaction date: March 25, 2026. Withholding prices: $72.54 (3,466 and 1,456 shares) and $75.62 (397 shares). Total withheld value: $387,063.
- Awards reported as acquisitions: two grants of 5,721 PRSUs/RSUs each (total 11,442 units) at $0.00 (awarded, not purchased).
- Net change: +6,123 shares retained after tax withholding.
- Footnotes:
- F1: Some previously reported target PRSUs were forfeited; vesting certified at 63.3% of the initial performance target.
- F2: PRSUs are performance-based (60% TSR relative to peers, 40% market-share metric) with multi-year vesting through 2029, contingent on continued service.
- F3: RSUs vest in one-third increments over three years, subject to continued employment.
- Filing timeliness: No late filing indicated in the provided data.
Context: These disposals are tax-withholding transactions (code F), not open-market sales — common when restricted stock/PRSUs vest. The awards include performance-based PRSUs (future vesting tied to multi-year goals) and time-based RSUs; the PRSU outcome reflects certification of performance and partial forfeiture per the award terms.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-25$72.54/sh−3,466$251,424→ 58,303 total - Award
Common Stock
[F2]2026-03-25+5,721→ 64,024 total - Award
Common Stock
[F3]2026-03-25+5,721→ 69,745 total - Tax Payment
Common Stock
2026-03-25$72.54/sh−1,456$105,618→ 68,289 total - Tax Payment
Common Stock
2026-03-25$75.62/sh−397$30,021→ 67,892 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.