Merchant Toby D 4
Research Summary
AI-generated summary
FOX Factory (FOXF) CLO Toby D. Merchant Receives Award of 23,546 RSUs
What Happened
Toby D. Merchant, Chief Legal Officer of FOX Factory Holding Corp (FOXF), received a grant of 23,546 restricted stock units (RSUs) on March 3, 2026. The RSUs were reported as acquired at $0.00 (award/grant). This is a compensation grant rather than an open-market purchase or sale.
Key Details
- Transaction date reported: 2026-03-03 (Form 4 filed 2026-03-11). The filing notes it was reported late due to an inadvertent administrative error.
- Transaction type/code: A (Award/Grant). Acquired 23,546 shares at $0.00.
- Vesting: RSUs vest in three equal annual installments beginning March 4, 2027 (per filing footnote).
- Shares owned after transaction: not specified in the filing.
- No tax withholding, sale, or 10b5-1 plan is indicated in the filing.
Context
This grant is part of executive compensation (2022 Omnibus Plan) and should be viewed as an award rather than a market buy or sell. The late filing is described as inadvertent; late reporting can delay public visibility into insider compensation but does not necessarily imply other issues.