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.