Kingston Timothy M. 4

What Happened
Timothy M. Kingston, Chief Accounting Officer of Champion Homes, was granted two equity awards on March 25, 2026: 1,802 performance-based restricted stock units (PRSUs) and 1,802 restricted stock units (RSUs), for a total of 3,604 units. Each award was issued at $0.00 (typical for RSU/PRSUs), so there was no cash purchase or sale. These are long-term compensation awards, not open-market trades.

Key Details

• Transaction date: March 25, 2026; Form 4 filed March 27, 2026 (timely filing within required period).
• Award type/code: A = Grant/Award. Grant price reported as $0.00 per unit.
• Units granted: 1,802 PRSUs (performance-based) + 1,802 RSUs (time-based) = 3,604 units.
• Shares owned after transaction: Not provided in the excerpt of the filing.
• Footnote highlights:
  • PRSUs (F1): Vesting is performance-based (60% tied to Champion Homes’ total shareholder return vs. peers from 3/25/26–3/25/29; 40% tied to market share of single-family completions as of 1/31/29). PRSUs may pay up to 200% of target and require continued service through each vesting date.
  • RSUs (F2): Time-based vesting in three equal annual installments (one-third each year), subject to continued employment and plan terms.
• This is an award (compensation), not a purchase or sale; no immediate cash proceeds or disposition reported.

Context

• RSUs: time-based retention awards that convert to shares (or cash) upon vesting.
• PRSUs: awards whose ultimate payout depends on future performance metrics and may pay more or less than target (here, potentially up to 200% of target).
• Because these are grants, they reflect compensation decisions rather than an insider buying or selling company stock; they don’t by themselves signal insider buying/selling intent. The monetary value realized will depend on Champion Homes’ share price at vesting and whether performance goals are met.