Ted Scartz - 12 Dec 2022 Form 4 Insider Report for Blue Bird Corp (BLBD)

Role: SVP General Counsel
Signature: Matthew Meziere as attorney-in-fact
Issuer symbol: BLBD
Transactions as of: 12 Dec 2022
Transactions value $: $180,878
Form type: 4
Filing time: 13 Dec 2022, 13:46:47 UTC
Previous filing: 06 Jul 2022
Next filing: 02 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BLBD	Common Stock, par value $0.0001 per share	Award	$71.3K	+5.77K	+33.7%	$12.35	22.9K	12 Dec 2022	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BLBD	Common Stock	Award	$110K	+8.88K		$12.35	8.88K	12 Dec 2022	Common Stock	8.88K	$12.35	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 vest 1/3 on each of the dates December 12, 2023, December 12, 2024, and December 12, 2025 subject to downward adjustments consistent with each respective fiscal year's actual percentage payout of the Management Performance bonus award. Any downward adjustments shall not reduce the number of RSU's that vest below 50% of the amount(s) granted.
F3	Award represents one option grant that vests over a three year period in equal installments (December 12, 2023, December 12, 2024, and December 12, 2025).