Cavco CEO granted shares, covers RSU taxes

Cavco Industries President & CEO William C. Boor reported equity compensation and related tax withholding transactions in Common Stock.

Rhea-AI Filing Summary

Cavco Industries President & CEO William C. Boor reported equity compensation and related tax withholding transactions in Common Stock. He received an award of 10,963 shares at $458.11 per share tied to FY2024 performance-based restricted stock, while 4,701 shares were surrendered to cover tax withholding on the release of restricted stock units.

He also received an additional 4,350 restricted stock units that will convert into shares of Common Stock over three years, paying 33% on the first anniversary of the grant date, 33% on the second, and 34% on the third. Following these transactions, Boor holds 67,994 shares directly and 380 shares indirectly through his spouse.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Boor William C

Role President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,350	$0.00	$0.00
Grant/Award	Common Stock	10,963	$458.11	$5.02M
Exercise Price or Tax Liability	Common Stock	4,701	$458.11	$2.15M
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 63,293 shares (Direct); Common Stock — 380 shares (Indirect, By Spouse)

Footnotes (3)

1. F1. This is an award of Restricted Stock Units which will pay out into shares of Common Stock of the Company as follows: 33% on the first anniversary of the grant date, 33% on the second anniversary of the grant date and 34% on the third anniversary of the grant date.
2. F2. Release of FY2024 Performance-based Restricted Stock.
3. F3. Surrender of shares for payment of tax withholding on release of Restricted Stock Units.

Key Figures

Performance-based stock released: 10,963 shares at $458.11 Tax-withholding shares: 4,701 shares at $458.11 New RSU award: 4,350 restricted stock units +3 more

6 metrics

Performance-based stock released 10,963 shares at $458.11 FY2024 performance-based restricted stock release on May 18, 2026

Tax-withholding shares 4,701 shares at $458.11 Shares surrendered to cover tax withholding on RSU release

New RSU award 4,350 restricted stock units Award vesting 33%/33%/34% over three anniversaries

Direct holdings after transactions 67,994 shares Total Common Stock held directly following Form 4 transactions

Indirect holdings by spouse 380 shares Common Stock held indirectly through spouse

Tax-withholding share count summary 4,701 shares TaxWithholdingShares in transactionSummary for F-code transaction

Key Terms

Restricted Stock Units, Performance-based Restricted Stock, tax withholding, indirect ownership

4 terms

Restricted Stock Units financial

"This is an award of Restricted Stock Units which will pay out into shares of Common Stock of the Company"

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.

Performance-based Restricted Stock financial

"Release of FY2024 Performance-based Restricted Stock."

Shares granted to employees or executives that are held back and only become actual, tradable stock if the company meets predefined performance targets; until those goals are met the shares cannot be sold. Think of it like a bonus held in escrow that’s released only when specific results are achieved — investors watch these awards because they tie management pay to company outcomes, can dilute existing shareholders when released, and signal how confident or incentivized insiders are to meet growth or profitability goals.

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.

indirect ownership financial

"Common Stock holding of 380.0000 shares is reported as Indirect, nature of ownership By Spouse"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Cavco (CVCO) CEO William C. Boor report?

William C. Boor reported equity compensation and tax-related transactions. He received 10,963 shares of Common Stock from performance-based restricted stock and 4,350 restricted stock units, while 4,701 shares were surrendered to cover tax withholding obligations on released restricted stock units.

How many Cavco (CVCO) shares does the CEO hold after these Form 4 transactions?

After the reported transactions, William C. Boor holds 67,994 shares of Cavco Common Stock directly. He also has indirect ownership of 380 shares held by his spouse, giving investors a clear view of his reported equity stake following these compensation-related entries.

What are the terms of the new Cavco (CVCO) restricted stock unit award?

The new award consists of 4,350 restricted stock units that pay out in shares. The units vest 33% on the first anniversary of the grant date, 33% on the second, and 34% on the third, aligning compensation with multi-year service at Cavco Industries.

Why were 4,701 Cavco (CVCO) shares surrendered by the CEO?

The 4,701 shares were surrendered to cover tax withholding on the release of restricted stock units. This F-code transaction reflects a tax-withholding disposition rather than an open-market sale, and is a common mechanism when stock-based awards vest for executives.

What was the price used for the Cavco (CVCO) performance-based stock release?

Both the 10,963-share performance-based restricted stock release and the 4,701-share tax withholding disposition used a price of $458.11 per share. This price anchors the value of the FY2024 performance-based award and the associated tax withholding requirement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/20/2026 - 08:46 PM EDT Learn about SEC filing dates

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^*

Boor William C

(Last) (First) (Middle)

C/O 3636 N. CENTRAL AVENUE

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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/18/2026		A		4,350(1)	A	$0	57,031	D
Common Stock	05/18/2026		A		10,963(2)	A	$458.11	67,994	D
Common Stock	05/18/2026		F		4,701(3)	D	$458.11	63,293	D
Common Stock								380	I	By Spouse

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This is an award of Restricted Stock Units which will pay out into shares of Common Stock of the Company as follows: 33% on the first anniversary of the grant date, 33% on the second anniversary of the grant date and 34% on the third anniversary of the grant date.

2. Release of FY2024 Performance-based Restricted Stock.

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

Remarks:

	/s/ Seth G. Schuknecht, attorney-in fact	05/20/2026
	** 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)