Cavco CEO exercises options, nets 6,291 shares
CAVCO INDUSTRIES, INC.
Rhea-AI Filing Summary
CAVCO INDUSTRIES, INC. President & CEO William C. Boor reported a net exercise of stock options. He exercised options covering 13,100 shares of common stock at an exercise price of $158.36 per share and did not conduct any market sale.
According to the footnote, Boor surrendered 6,809 shares of common stock to cover the option exercise price and tax withholding, based on the issuer’s closing stock price of $546.24 on May 27, 2026. He received 6,291 shares upon net exercise and held 68,491 shares of common stock directly afterward, plus 380 shares held indirectly by his spouse, with the options fully exercised.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,100 shares exercised/converted
Exercise
4 txns
Insider
Boor William C
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (Right to Buy) | 13,100 | $0.00 | $0.00 |
| Exercise | Common Stock | 13,100 | $158.36 | $2.07M |
| Exercise Price or Tax Liability | Common Stock | 6,809 | $546.24 | $3.72M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 68,491 shares (Direct);
Common Stock — 380 shares (Indirect, By Spouse)
Footnotes (2)
- F1. This was a net exercise of these options with the Issuer and no market transaction was made. Mr. Boor received 6,291 shares of common stock upon net exercise of these options. Mr. Boor surrendered 6,809 shares of common stock in total to cover the option exercise price and tax withholding based on the closing stock price of the Issuer on May 27, 2026, of $546.24.
- F2. These options vested in equal amounts on June 21, 2020, June 21, 2021 and June 22, 2022, respectively, and were due to expire on June 21, 2026.
Key Figures
Options exercised: 13,100 shares
Option exercise price: $158.36/share
Shares surrendered: 6,809 shares
+5 more
8 metrics
Options exercised
13,100 shares
Common stock options exercised on May 28, 2026
Option exercise price
$158.36/share
Non-qualified stock option strike price
Shares surrendered
6,809 shares
Cover option exercise price and tax withholding
Net shares received
6,291 shares
Shares of common stock received upon net exercise
Reference stock price
$546.24/share
Issuer closing price on May 27, 2026 for tax calculation
Direct holdings after transaction
68,491 shares
Common stock directly owned by CEO after Form 4 transactions
Indirect spouse holdings
380 shares
Common stock held indirectly by spouse
Options remaining from this grant
0 options
Non-qualified stock option balance after full exercise
Key Terms
net exercise, Non-Qualified Stock Option (Right to Buy), tax withholding, derivative security, +1 more
5 terms
net exercise financial
"This was a net exercise of these options with the Issuer and no market transaction was made."
A net exercise is a way to convert stock options into shares without paying cash up front: instead of handing over money to buy the optioned shares, the holder receives only the number of shares equal to the option’s value after the company withholds a portion of shares to cover the exercise price and taxes. It matters to investors because it changes how many new shares are issued, affects dilution of existing shareholders, and alters company cash flow compared with a cash exercise.
Non-Qualified Stock Option (Right to Buy) financial
"security_title: Non-Qualified Stock Option (Right to Buy)"
tax withholding financial
"Mr. Boor surrendered 6,809 shares of common stock in total to cover the option exercise price and tax withholding"
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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
net exercise of these options financial
"This was a net exercise of these options with the Issuer and no market transaction was made."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Cavco Industries (CVCO) report for its CEO?
Cavco Industries President & CEO William C. Boor reported a net option exercise. He exercised options for 13,100 shares, surrendered 6,809 shares for exercise price and taxes, and received 6,291 new shares with no market sale involved.
What prices were used in the Cavco Industries (CVCO) CEO’s Form 4 transaction?
The CEO exercised stock options with an exercise price of $158.36 per share. Shares were surrendered to cover the option cost and taxes based on Cavco’s $546.24 closing stock price on May 27, 2026, as disclosed in the footnote.
What happened to the Cavco Industries (CVCO) stock options in this Form 4?
The non-qualified stock options for 13,100 shares were fully exercised and now show zero remaining balance. The footnote explains they had vested in tranches in 2020, 2021, and 2022 and were due to expire on June 21, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
