Cavco (NASDAQ: CVCO) CEO receives stock awards, shares withheld
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
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 | -- |
| Grant/Award | Common Stock | 10,963 | $458.11 | $5.02M |
| Tax Withholding | Common Stock | 4,701 | $458.11 | $2.15M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 57,031 shares (Direct, null);
Common Stock — 380 shares (Indirect, By Spouse)
Footnotes (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. Release of FY2024 Performance-based Restricted Stock. 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
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.
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.
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.