Cavco (NASDAQ: CVCO) executive surrenders shares to cover RSU tax withholding

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

CAVCO INDUSTRIES, INC. executive Jack S. Brandom, President of Financial Services, reported a small share disposition tied to equity compensation. On the release of Restricted Stock Units, 12 shares of common stock were surrendered at $495.11 per share to cover tax withholding obligations. This was not an open-market sale. After this tax-related transaction, Brandom directly holds 1,365 shares of Cavco common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BRANDOM JACK S

Role President, Financial Services

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	12	$495.11	$6K

Holdings After Transaction: Common Stock — 1,365 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares surrendered for tax withholding: 12 shares Price per surrendered share: $495.11/share Shares held after transaction: 1,365 shares

3 metrics

Shares surrendered for tax withholding 12 shares Payment of tax withholding on RSU release

Price per surrendered share $495.11/share Value used for the 12 tax-withheld shares

Shares held after transaction 1,365 shares Direct ownership following tax-withholding disposition

Key Terms

Restricted Stock Units, tax withholding, Common Stock, Form 4

4 terms

Restricted Stock Units financial

"Surrender of shares for payment of tax withholding on release of Restricted Stock Units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax withholding financial

"Surrender of shares for payment of tax withholding on release of Restricted Stock Units."

Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

05/22/2026 - 05:43 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BRANDOM JACK S

(Last)

(First)

(Middle)

C/O 3636 N CENTRAL AVE

SUITE 1200

(Street)

PHOENIX

ARIZONA

85012

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CAVCO INDUSTRIES, INC. [ CVCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President, Financial Services

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/20/2026		F		12⁽¹⁾	D	$495.11	1,365	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Surrender of shares for payment of tax withholding on release of Restricted Stock Units.

Remarks:

	/s/ Seth G. Schuknecht, attorney-in fact	05/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Cavco Industries (CVCO) executive Jack S. Brandom report in this Form 4?

Jack S. Brandom reported surrendering 12 Cavco Industries common shares to cover tax withholding on Restricted Stock Units. The transaction is coded as tax-withholding, not an open-market sale, and reflects routine handling of equity compensation obligations.

Was the Cavco Industries (CVCO) Form 4 transaction an open-market sale?

No, the Form 4 transaction was not an open-market sale. Twelve shares were surrendered to satisfy tax withholding on the release of Restricted Stock Units, a common non-market mechanism for paying taxes on equity awards.

How many Cavco Industries (CVCO) shares did Jack S. Brandom dispose of for taxes?

Jack S. Brandom disposed of 12 shares of Cavco Industries common stock for tax withholding purposes. The shares were valued at $495.11 each, according to the Form 4, and relate specifically to the release of Restricted Stock Units.

How many Cavco Industries (CVCO) shares does Jack S. Brandom hold after this Form 4 transaction?

After the tax-withholding disposition, Jack S. Brandom directly holds 1,365 shares of Cavco Industries common stock. This figure is reported in the Form 4 as his total direct ownership following the transaction involving the 12 surrendered shares.

What does the F transaction code mean in the Cavco Industries (CVCO) Form 4?

The F transaction code indicates shares were used to pay an exercise price or tax liability. In this Cavco Industries filing, 12 shares were surrendered to cover tax withholding on the release of Restricted Stock Units, rather than being sold in the open market.