Penn Kevin S. 4
4 · Blue Bird Corp · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Blue Bird (BLBD) Director Kevin S. Penn Receives 2,297 RSUs
What Happened Kevin S. Penn, a member of the Blue Bird Corporation board of directors, was granted 2,297 restricted stock units (RSUs) on 2026-04-01. The grant was reported as an award (code A) at an acquisition price of $0.00 (total reported value $0). Each RSU represents a contingent right to receive one share of Blue Bird common stock upon vesting.
Key Details
- Transaction date and type: 2026-04-01 — Award/Grant of 2,297 RSUs (reported on Form 4 filed 2026-04-02).
- Price: $0.00 per RSU; total reported acquisition value $0.
- Vesting: RSUs will vest on March 31, 2027, but will vest sooner upon a change in control or if the reporting person’s service ends due to death, disability, or completion of his director term.
- Settlement: Shares will be issued upon vesting and upon the earlier of compliance with company minimum ownership guidelines, termination of service as a director, or a change in control.
- Shares owned after transaction: Not specified in the filing.
- Timeliness: Filing appears timely (reporting period 2026-04-01; Form 4 filed 2026-04-02).
Context This was a grant of RSUs (a form of deferred equity compensation), not an open-market purchase or sale. Grants like this are common for directors as part of compensation and do not by themselves indicate buying or selling sentiment. The RSUs convert to actual shares only if and when the vesting conditions are met.
Insider Transaction Report
- Award
Common Stock, par value $0.0001 per share
[F1][F2]2026-04-01+2,297→ 6,396 total
Footnotes (2)
- [F1]The award represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the common stock of Blue Bird Corporation.
- [F2]The RSUs will vest on March 31, 2027; provided, however, that such RSUs will vest in full upon the occurrence of a "change in control" of the Company or if the reporting person's service terminates due to death, disability or due to completion of the reporting person's term of office as a director. Shares of common stock will be issued in settlement of the RSUs upon vesting and the earlier of the reporting person's compliance with the Company's applicable minimum stock ownership guidelines, termination of service as a director or a change in control event.