Thau Daniel Mark 4

What Happened

• Daniel Mark Thau, a director of Blue Bird Corporation (BLBD), received a grant of 2,297 restricted stock units (RSUs) on April 1, 2026. The RSUs were awarded at $0.00 per unit (no cash paid) and thus show $0 acquisition value on the Form 4. This transaction is an equity award (compensation/retention) rather than an open-market purchase or sale.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 2, 2026 (timely filing).
• Transaction type/code: A — Award/Grant (RSUs).
• Shares/units granted: 2,297 RSUs; price reported: $0.00; reported aggregate cost: $0.
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1 — Each RSU is a contingent right to receive one share of Blue Bird common stock upon settlement.
  • F2 — RSUs vest on March 31, 2027, but will vest in full upon a change in control or if the reporting person's service ends due to death, disability, or completion of his director term. Shares will be issued on vesting and subject to the company's minimum stock ownership guidelines and other settlement conditions.
• No tax withholding, sale, or immediate share issuance was reported in this filing.

Context

• RSUs are a form of deferred equity compensation: they do not represent immediately owned shares until they vest and are settled. No immediate cash change or sale occurred, and the award will only convert to shares (and potential value) if/when vesting conditions are met.