SPENCE ROBERT 4
4 · Skyline Champion Corp · Filed Jan 5, 2021
Insider Transaction Report
Form 4
SPENCE ROBERT
SVP, Gen. Counsel & Secretary
Transactions
- Award
Stock Option (Right to Buy)
2021-01-04+8,255→ 24,968 totalExercise: $31.21Exp: 2031-01-04→ Common Stock (8,255 underlying) - Award
Common Stock
2021-01-04+3,645→ 17,405 total - Award
Common Stock
2021-01-04+3,124→ 13,760 total
Footnotes (3)
- [F1]Represents restricted stock units ("RSUs") granted to the Reporting Person under the Issuer's 2018 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of Common Stock. Subject to the terms of the award agreement evidencing the grant of the RSUs, one-third of the RSUs vests on each of the first three anniversaries of January 4, 2021, provided that the Reporting Person remains in continuous service with the Issuer through each vesting date.
- [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 150%) is dependent on the Issuer's total shareholder return from January 4, 2021 through January 4, 2024 relative to the total shareholder return of certain other companies over that same time period, provided that the Reporting Person remains in continuous service with the Issuer through each vesting date.
- [F3]The stock options will vest as to one-third of the shares subject to the stock option on each of of the first three anniversaries of January 4, 2021, provided that the Reporting Person remains in continuous service with the Issuer through each vesting date.